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Andersons Executive Compensation (FY25)

ANDE · Executive and director compensation, fiscal 2023 to 2025

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Data as of September 19, 2026Latest filing (8-K): May 7, 2026
11 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Andersons brief$1,500Get the executive brief
264 figures on this page: 254 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
William Krueger
Median of the other named officers
$1,062,444
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 7, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William Krueger: $4,835,199 → $5,472,539 (13.2% higher)
Say-on-pay support: 93.3% → 98.9% (5.6 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Andersons' chief executive and what were they paid?
Total compensation for William Krueger, President and Chief Executive Officer, came to $5,472,539 in fiscal 2025. Krueger's total moved 13.2% higher from the $4,835,199 reported for fiscal 2024.
What was Andersons' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.9% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in Andersons' peer group?
The disclosed peer group includes Applied Industrial Technologies, Blue Linx Holdings Inc., Cal-Maine Foods, Inc., CVR Partners, LP and Fresh Del Monte Produce, Inc., among others. Companies named in the PSU TSR Peer Group include Alto Ingredients, Inc., Archer-Daniels-Midland Company, Bunge Global SA, Darling Ingredients Inc. and Rex American Resources Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Bowe
Former Executive Chair
◇—◇◇◇—◇◇
William Krueger
President and Chief Executive Officer
◇—◇—◇—◇◇
Brian Valentine
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Christine Castellano
Former Executive Vice President, General Counsel & Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Bowe
Former Executive Chair
◇—◇◇◇—◇◇
William Krueger
President and Chief Executive Officer
◇—◇—◇—◇◇
Brian Valentine
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Christine Castellano
Former Executive Vice President, General Counsel & Corporate Secretary
◇—◇—◇—◇◇
Sarah Zibbel
Executive Vice President & Chief Human Resources Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Krueger
President and Chief Executive Officer
◇—◇—◇—◇◇
Brian Valentine
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Christine Castellano
Former Executive Vice President, General Counsel & Corporate Secretary
Departed during or after this year
◇—◇—◇—◇◇
Patrick Bowe
Former Executive Chair
Departed during or after this year
◇———◇—◇◇
Mark Simmons
Executive Vice President, Renewables
◇———◇—◇— not reconciled
Weston Heide
Executive Vice President, Agribusiness
◇———◇—◇— not reconciled
Sarah Zibbel
Executive Vice President & Chief Human Resources Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brian A. ValentineRSU◇——◇——◇
Brian A. ValentineRSU◇——◇——◇
Brian A. ValentineRSU◇——◇——◇
Brian A. ValentinePSU◇◇◇—◇—◇
Weston S. HeideRSU◇——◇——◇
Weston S. HeidePSU◇◇◇—◇—◇
Weston S. HeideRSU◇——◇——◇
Weston S. HeideRSU◇——◇——◇
William E. KruegerRSU◇——◇——◇
William E. KruegerRSU◇——◇——◇
William E. KruegerPSU◇◇◇—◇—◇
William E. KruegerRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Mark SimmonsRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Weston HeideRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Sarah ZibbelRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Brian ValentineRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Patrick BoweRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
William KruegerPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Pamela S. Hershberger
◇◇————◇
Gary A. Douglas
◇◇————◇
Catherine M. Kilbane
◇◇————◇
Gerard M. Anderson
Lead independent director
◇◇————◇
Robert J. King Jr
◇◇————◇
Steven K. Campbell
◇◇————◇
John T. Stout Jr
◇◇————◇
Steven Oakland
◇◇————◇
Ross W. Manire
◇—————◇
Patrick E. Bowe
Board chair
◇—————◇
William E. Krueger served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Applied Industrial Technologies AIT
  • Blue Linx Holdings Inc. symbol not shown
  • Cal-Maine Foods, Inc. CALM
  • CVR Partners, LP CVI
  • Fresh Del Monte Produce, Inc. FDP
  • Global Industrial Company GIC
  • Green Plains, Inc. GPRE
  • John B. Sanfilippo & Son, Inc. JBSS
  • MRC Global Inc. MRC
  • SiteOne Landscape Supply SITE
  • SpartanNash Company SPTN
  • The Chefs’ Warehouse, Inc. CHEF
  • The Marzetti Company MZTI
  • United Natural Foods UNFI
PSU TSR Peer Group
  • Alto Ingredients, Inc. ALTO
  • Archer-Daniels-Midland Company ADM
  • Bunge Global SA BG
  • Darling Ingredients Inc. DAR
  • Rex American Resources Corporation REX
  • The Mosaic Company MOS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 5, 2023=◇◇◇
2021May 6, 2022=◇◇◇
2020May 7, 2021=◇◇◇
2019May 8, 2020=◇◇◇
2018May 10, 2019=◇◇◇
2017May 11, 2018=◇◇◇
2016May 12, 2017=◇◇◇
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What this page does not include

Everything above is a fact Andersons disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Andersons sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
264 figures on this page: 254 cited to the filing that reported them, 10 calculated from figures it prints.
254 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000821026-26-000076
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-026341
    Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
  3. 0000821026-25-000114
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000821026-24-000145
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0000821026-23-000146
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000821026-22-000150
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000821026-21-000136
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000821026-20-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000821026-19-000044
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000821026-18-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000821026-17-000029
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Andersons executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/ANDE (accessed 2026).
Short form: data: Velarion

The Andersons brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Andersons discloses

The companies named in ANDE's own disclosed peer group.

Applied Industrial TechnologiesCal-Maine Foods, Inc.CVR Partners, LPFresh Del Monte Produce, Inc.Global Industrial CompanyGreen Plains, Inc.MRC Global Inc.SiteOne Landscape SupplySpartanNash CompanyThe Chefs’ Warehouse, Inc.The Marzetti CompanyUnited Natural FoodsAlto Ingredients, Inc.Archer-Daniels-Midland CompanyBunge Global SADarling Ingredients Inc.Rex American Resources CorporationThe Mosaic Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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