Form 4: AGCO Corp Executive Reports Stock Transactions Following Vesting
SEC Form 4 Filing
AGCO Corp's Senior Vice President and Chief Human Resources Officer, Ivory Marie Harris, reported the acquisition of 2,503 shares of common stock through restricted stock unit vesting and the subsequent withholding of 269 shares for taxes.
Summary
- Ivory Marie Harris, a Senior Vice President and Chief Human Resources Officer at AGCO Corp, reported a transaction involving the company's common stock.
- On January 29, 2025, Ms. Harris acquired 2,503 shares of common stock through the vesting of restricted stock units.
- These restricted stock units vest in three equal annual installments starting January 29, 2026.
- Each restricted stock unit represents the right to receive one share of common stock.
- On January 30, 2025, 269 shares were withheld for taxes related to restricted stock units awarded on January 30, 2023.
- Following these transactions, Ms. Harris beneficially owns 15,061 shares of AGCO Corp common stock.
Sentiment
Score: 7
Explanation: The document is a routine SEC filing related to executive stock transactions, which is neither positive nor negative. It is a normal part of corporate governance and compensation practices.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of granting stock-based compensation to executives and the subsequent tax implications.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, particularly for executive roles.
- The vesting schedule of three equal annual installments is a typical structure for restricted stock units.
- Tax withholding upon vesting is a standard procedure to cover income tax obligations.
- Companies like Deere & Company (DE) and Caterpillar (CAT) also use similar stock-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- The vesting of restricted stock units is part of the overall compensation package for the executive.
Key Dates
| Date | Description |
|---|---|
| 2021-06-16 | Date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| 2023-01-30 | Date of the restricted stock unit award that resulted in tax withholding on January 30, 2025. |
| 2025-01-29 | Date of the acquisition of 2,503 shares through restricted stock unit vesting. |
| 2025-01-30 | Date of the withholding of 269 shares for taxes. |
| 2025-01-31 | Date of the signature of the Form 4 filing. |
| 2026-01-29 | Start date of the three equal annual installments for the vesting of the restricted stock units. |
Keywords
AGCO Corp, stock transaction, restricted stock units, insider trading, Form 4, executive compensation, equity, vesting
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