Form 4: AGCO Corp Executive Damon J. Audia Reports Tax Withholding of Shares
SEC Form 4 Filing
Damon J. Audia, SVP and CFO of AGCO Corp, reports the withholding of 928 common stock shares for tax obligations related to restricted stock units.
Summary
- On January 31, 2025, Damon J. Audia, SVP and Chief Financial Officer of AGCO CORP, had 928 shares of common stock withheld for taxes.
- The shares were withheld at a price of $104.43 per share.
- Following the transaction, Audia directly owns 39,653 shares of AGCO CORP common stock.
- Audia has granted limited power of attorney to Roger N. Batkin, Kinsha O. Swain, Joseph Lewinski, and Lisa Schomaker for Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to tax obligations on vested stock. It's a common occurrence for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 2022 | Date of Limited Power of Attorney execution. |
| January 31, 2024 | Date of restricted stock units award. |
| 01/31/2025 | Date of the transaction (stock withholding for taxes). |
| 02/03/2025 | Date of signature for the report. |
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