Hansotia Eric P 4
Research Summary
AI-generated summary
AGCO CEO Eric Hansotia Receives Award; 3,710 Shares Withheld
What Happened
- Eric P. Hansotia, Chairman, President and CEO of AGCO (AGCO), was issued 9,426 shares as a performance-based award on 2026-02-05 (code A, grant/acquisition). The award shares have a reported acquisition price of $0.00.
- To satisfy the tax withholding on the award, 3,710 shares were withheld/disposed (code F) at $124.34 per share, yielding $461,301 in proceeds to cover tax obligations. These withheld shares represent a routine tax-withholding disposition, not an open-market sale.
Key Details
- Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the typical 2-business-day Form 4 window).
- Award: 9,426 shares issued at $0.00 (performance-based grant).
- Withholding/disposition: 3,710 shares at $124.34 each = $461,301 (tax withholding).
- Footnote: The award represents shares issued for the 2023–2025 performance cycle based on vesting at the 23.9% level.
- Shares owned after the reported transactions: not specified in the filing.
Context
- This was a performance-share award (not an open-market purchase); the withheld shares reflect tax withholding common with equity compensation (code F). The filing appears timely and does not indicate a sale for investment purposes by the insider.