Felli Luis Fernando Sartini 4

What Happened

• Luis Fernando Sartini, SVP and GM, Massey Ferguson at AGCO, exercised 2,550 stock options on Feb 10, 2026. The exercise price was $72.74 per share for a total exercise cost of $185,487. To cover taxes/withholding, 1,713 of the newly issued shares were surrendered/withheld (valued at $133.00 each, ~ $227,829), leaving a net 837 shares delivered to Sartini (net market value ≈ $111,321 at $133.00).
• This was an option exercise with share withholding to satisfy tax or exercise obligations (a routine, administrative action), not an open-market sale intended as a directional bet.

Key Details

• Transaction date: 2026-02-10; Form filed 2026-02-12 (timely).
• Option exercise: 2,550 shares @ $72.74 (code M) — total exercise cost $185,487.
• Withholding/payment: 1,713 shares @ $133.00 (code F) — shares surrendered to cover tax/exercise liability (~$227,829).
• Net shares received: 837 shares (2,550 − 1,713).
• The filing shows the derivative (options) were converted/expired as part of the exercise (M disposed @ $0.00) — standard when options are exercised.
• Beneficial ownership after the transaction is not specified in the provided excerpt.

Context

• This is a cashless-style outcome of an option exercise: the officer exercised options and used part of the resulting shares to pay taxes/fees rather than selling shares in the open market. Such withholding is common and generally administrative rather than a signal of sentiment.