Form 4: AGCO Corp Executive Settles Tax Obligations with Share Withholding

SVP and GM PTx of AGCO Corp, Seth Howard Crawford, settles tax obligations related to restricted stock units by disposing of 437 common stock shares.

Summary

• On January 31, 2025, Seth Howard Crawford, SVP and GM PTx of AGCO Corp, disposed of 437 shares of common stock to cover tax obligations.
• The shares were withheld at a price of $104.43 per share.
• Following the transaction, Crawford directly owns 18,599 shares of AGCO Corp common stock.
• A Limited Power of Attorney was established on June 16, 2021, granting Roger N. Batkin, Kinsha O. Swain, Joseph Lewinski, and Lisa Schomaker the authority to file SEC forms on Crawford's behalf.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment regarding the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to have shares withheld to cover taxes upon the vesting of restricted stock units.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and subsequent share withholding for taxes, are standard across publicly traded companies.
• Comparable companies in the agricultural machinery industry, such as Deere & Company (DE) and CNH Industrial (CNHI), also utilize similar compensation structures for their executives.
• The specific number of shares withheld and the price per share are dependent on the individual's tax situation and the company's stock price at the time of vesting.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not reflect a change in the executive's overall confidence in the company.

Key Dates