Felli Luis Fernando Sartini 4
Research Summary
AI-generated summary
AGCO SVP Luis F. Sartini Receives 982-Share Award; 271 Withheld
What Happened
Luis Fernando Sartini, SVP and GM, Massey Ferguson at AGCO (AGCO), was issued 982 shares on Feb 5, 2026 as a performance-based award (code A). To satisfy the tax withholding for that award (code F), 271 of those shares were surrendered/disposed at $124.34 per share, generating $33,696 to cover the tax liability. Net shares received by Sartini from this vesting were 711 shares (982 issued minus 271 withheld).
Key Details
- Transaction date: 2026-02-05; filing date (Form 4): 2026-02-09 (timely within the two-business-day window).
- Award: 982 shares issued at $0.00 (performance-based grant).
- Tax withholding: 271 shares disposed at $124.34/share for $33,696 (F = tax withholding).
- Net shares retained: 711 shares.
- Footnote: The 982 shares represent issuance upon completion of the 2023–2025 performance cycle at a payout level of 23.9% of target.
- Shares owned after the transaction: not specified in the filing.
Context
This was a vesting of performance-based restricted stock (an award), not an open-market purchase or discretionary sale. The withholding of 271 shares to cover taxes is a routine administrative step common with equity compensation and does not by itself indicate insider sentiment about the stock.