Dehner Torsten Rudolf Willi 4

What Happened

• Torsten Rudolf Willi Dehner, SVP and GM Fendt/Valtra at AGCO (AGCO), exercised options to acquire 5,100 shares on 2026-02-17. The reported exercise cost is $72.74 per share for a total of $370,974. To cover the exercise price and/or tax liability, 3,436 of the newly acquired shares were surrendered/withheld (reported at $138.30 per share, $475,199). That leaves a net of 1,664 shares retained by the insider. The filing also shows the derivative (the option) converted/disposed in connection with the exercise.

Key Details

• Transaction date: 2026-02-17; filing date: 2026-02-18 (appears timely).
• Option exercise: 5,100 shares acquired at $72.74 each (total $370,974) — code M.
• Withholding/payment: 3,436 shares withheld/disposed at $138.30 each (total $475,199) to satisfy exercise price/taxes — code F.
• Derivative conversion: 5,100 option units reported disposed at $0.00 in connection with the exercise (conversion of the derivative).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing type / codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context

• This appears to be a cashless/net-share settlement of an option exercise: options were exercised and some of the resulting shares were immediately surrendered/withheld to cover the exercise price and/or tax withholding. Such withholdings are common and are administrative rather than an open-market sale.