4Filed Sep 7, 8:00 PM ET
AGCO CEO Eric Hansotia Exercises Options, Sells 2,604 Shares
$AGCO · AGCO CORP /DEResearch Summary
AI-generated summary of this SEC filing
AGCO CEO Eric Hansotia Exercises Options, Sells 2,604 Shares
What Happened
- Eric P. Hansotia, Chairman, President & CEO of AGCO (AGCO), exercised 9,750 stock options on 2026-09-04 at an exercise price of $72.74 per share (total cash paid $709,215). Of the 9,750 shares acquired, 7,146 shares were surrendered to cover tax withholding at a weighted average value of $129.85 per share (value $927,908), and 2,604 shares were sold in the open market at an average price of $129.75 per share (proceeds ~$337,869). The exercised shares were fully used to satisfy withholding and the sale, so no net new shares were retained from this exercise as reported.
Key Details
- Transaction date: 2026-09-04; Form 4 filed: 2026-09-08 (appears timely).
- Option exercise (code M): 9,750 shares acquired at $72.74 each (paid $709,215).
- Tax withholding (code F): 7,146 shares withheld/surrendered at weighted avg $129.85 (value $927,908).
- Open-market sale (code S): 2,604 shares sold at avg $129.75 (proceeds $337,869). Footnote: sale prices ranged $129.74–$129.90; the $129.85 figure is a weighted average and the filer can provide breakdown on request (F1).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Derivative note: the filing shows the exercised derivative (9,750) and corresponding dispositions; this is effectively a cashless exercise with shares used for taxes/sale.
Context
- This was an option exercise followed by share withholding and an immediate open-market sale to cover tax obligations—commonly a cashless exercise procedure and not necessarily a directional vote on the stock.
- Transaction codes: M = option exercise/conversion, F = tax withholding, S = open-market sale.