Form 4 Filing for Pamela S. Hershberger

This filing details transactions by Pamela S. Hershberger, a director at The Andersons, Inc. On April 22, 2026, Ms. Hershberger acquired 8.495 restricted share units (RSUs) under the 2024 annual equity grant and 6.224 RSUs under the 2025 annual equity grant. These RSUs represent the right to receive one share of common stock upon vesting, which occurs one year from the grant date. Dividend equivalents were also received. Following these transactions, Ms. Hershberger directly owns 14,275.402 shares of common stock. The transactions were executed under a limited power of attorney granted to Melissa Trippel.