Patrick E. Bowe, a member of Andersons, Inc.'s board, completed two stock sales totaling 15,000 shares on March 24 and March 25, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The combined proceeds from those transactions amounted to approximately $1.09 million.
The two trades were executed at different price points. On March 24, Bowe sold 800 shares at $72.09 per share. The following day he sold 14,200 shares at $72.78 per share. After these dispositions, Bowe's direct ownership in Andersons stands at 144,874.6324 shares.
Timing and market context
The sales occurred while Andersons' stock was trading near its 52-week high of $73.97, having risen markedly from a 52-week low of $31.03. Over the last 12 months the shares have delivered a 71.5% total return. Separately, an analysis cited in market commentary indicates the stock appears overvalued relative to its Fair Value.
Recent financial results and segment performance
In a recent quarterly release, Andersons reported adjusted earnings of $2.04 per share for the fourth quarter, outpacing the consensus projection of $1.56. That earnings outperformance coincided with revenue of $2.54 billion, which fell short of the $3.28 billion consensus estimate.
Company disclosures attributed strong profitability in part to record production in the Renewables segment, which produced $54 million in pretax income. The Agribusiness segment also contributed materially, reporting $46 million in pretax income for the period. Benchmark has maintained a Buy rating on Andersons, keeping a $75.00 price target while pointing to the Renewables and Agribusiness segments as material drivers of recent results.
Credit facility amendments
Andersons has amended its existing credit agreement, reducing the size of its revolving credit facility from $1.55 billion to $1.30 billion and extending the maturity date to March 20, 2031. The maturity of a $114.3 million term loan was similarly extended to March 20, 2031. The company characterized these adjustments as strategic moves to manage its credit facilities.
Filing details
The Form 4 documenting Bowe's sales was signed on his behalf by Melissa Trippel under a limited power of attorney granted on August 16, 2023. The sales were executed on March 24 and March 25, 2026, as noted in the filing.
What the transactions show
The filing provides a clear record of an insider sale executed while the stock was trading near its yearly high, and it sits alongside recent company-level developments: a sizable adjusted-earnings beat, revenue below expectations, segment-level profitability in Renewables and Agribusiness, and an amendment to credit facilities. Together these data points give investors updated information on insider activity, recent operational performance, and the company’s current financing posture.