Form 4: AGCO Corp: SVP Engineering Bennett Kelvin Eugene Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kelvin Eugene Bennett, SVP Engineering at AGCO Corp, reports the disposal of 275 common stock shares to cover tax obligations related to restricted stock units.
Summary
- Kelvin Eugene Bennett, SVP Engineering at AGCO CORP, filed a Form 4 on February 03, 2025, reporting a transaction that occurred on January 31, 2025.
- The transaction involved the disposal of 275 shares of common stock at a price of $104.43 per share.
- These shares were withheld to cover tax obligations related to restricted stock units awarded on January 31, 2024.
- Following the transaction, Bennett directly owns 15,603 shares of AGCO CORP common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations on previously awarded stock.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Date of restricted stock units award |
| 01/31/2025 | Date of stock disposal for tax obligations |
| 02/03/2025 | Date of Form 4 filing |
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