Form 4: AGCO Corp Executive Timothy Millwood Reports Stock Transaction
SEC Form 4 Filing
Timothy Millwood, SVP and Chief Supply Chain Officer at AGCO Corp, reported a transaction involving the withholding of 297 shares for taxes related to restricted stock units.
Summary
- This document is a Form 4 filing with the Securities and Exchange Commission, reporting a change in beneficial ownership of AGCO Corp stock by Timothy Millwood.
- Mr. Millwood, who is the SVP and Chief Supply Chain Officer, had 297 shares of common stock withheld on January 31, 2025, to cover taxes related to restricted stock units awarded on January 31, 2024.
- The transaction was executed at a price of $104.43 per share.
- Following this transaction, Mr. Millwood directly owns 10,008 shares of AGCO Corp common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment, but is a normal part of business operations.
Industry Context
This is a routine filing related to executive compensation and stock ownership, which is common in publicly traded companies. It does not indicate any specific trend or event in the agricultural equipment industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like AGCO Corp, and this transaction is typical for executives receiving stock-based compensation.
- Comparable companies such as Deere & Company and CNH Industrial also have executives who regularly report similar transactions.
- The withholding of shares for taxes is a common practice in equity compensation plans.
Stakeholder Impact
- This transaction has a minimal impact on shareholders as it is a routine tax withholding related to executive compensation.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Date of restricted stock units award. |
| 01/31/2025 | Date of stock transaction (shares withheld for taxes). |
| 02/03/2025 | Date of signature on the Form 4 filing. |
Keywords
AGCO Corp, Form 4, Stock Transaction, Beneficial Ownership, Timothy Millwood, Restricted Stock Units, SEC Filing, Executive Compensation, Supply Chain Officer
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