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Insider Trends: Insider Acquires AGCO Stock Via Option/Derivative Security, Sells Part to Pay Tax, Trend of Selling Intact

05/10/2021 10:58

02:52 PM EDT, 05/10/2021 (MT Newswires) -- Eric P Hansotia, Director and Chairman, President & CEO, exercised options/derivative securities for 22,500 shares of AGCO (AGCO) and sold 14,628 shares in the company for $2,289,575 to meet tax obligations on May 06, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 7,872 company shares. After the Form 4 filing with the SEC, Hansotia owns 96,630 company shares, with a market value, based on the prior-day closing price, of $14.9 million. Additionally, Hansotia has been granted 20,300 stock options by the company which are in the money and carry a value of approximately $1,736,995 as of yesterday's closing price.

Over the last 90 days, prior to the date of this filing, there have been 36 insider transactions reported to the SEC for AGCO. These transactions came from the activities of 19 individual insiders that resulted in a net disposition of 16,821 company shares. This compares with the preceding 90-day window of time where there were 58 transactions from 18 insiders which resulted in the net disposition of 340,028 shares.

This is a lower level of transactions than the peer group average in the 18-company Heavy Machinery & Vehicles peer group over the last 90-day period. Peer group activity averaged 449.8 transactions per company, and disposition of 53,601 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/880266/000120919121031199/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.