AGCO CORP (NYSE: AGCO) affiliate TAFE reports 492K-share stock sale
Rhea-AI Filing Summary
AGCO CORP major shareholder Tractors and Farm Equipment Limited (TAFE) and its subsidiary TAFE Motors and Tractors Limited reported sales of 492,418 AGCO common shares on August 5, 2026 at $115.3334 per share. These sales were undertaken pursuant to Section 6 of a Cooperation Agreement between TAFE and AGCO and are expected to close on the fifth business day following August 5, 2026.
After these sales, TAFE indirectly holds 8,217,579 AGCO shares, TAFE Motors and Tractors indirectly holds 3,017,565 shares, and Ms. Mallika Srinivasan directly owns 23,713 shares. The reporting persons state they collectively beneficially own over 10% of AGCO’s common stock while disclaiming beneficial ownership beyond their pecuniary interests.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 360,163 | $115.3334 | $41.54M |
| Sale | Common Stock F1, F2, F4 | 132,255 | $115.3334 | $15.25M |
| holding | Common Stock F1, F5 | -- | -- | -- |
Footnotes (5)
- F1. This Form 4 is filed jointly by Tractors and Farm Equipment Limited ("TAFE"), TAFE Motors and Tractors Limited ("TMTL") and Ms. Mallika Srinivasan (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act") that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock (the "Common Stock"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such shares for purposes of Section 16 or for any other purpose.
- F2. The sales reported herein were undertaken pursuant to Section 6 of that certain Cooperation Agreement by and between TAFE and the Issuer, dated June 30, 2025 (the "Cooperation Agreement"). The sales reported herein are expected to close on the fifth (5th) business day following August 5, 2026.
- F3. Securities owned directly by TAFE. Ms. Srinivasan is an officer of TAFE and is a beneficial owner of certain equity securities of TAFE, and may be deemed to beneficially own the securities owned by TAFE.
- F4. Securities owned directly by TMTL, a wholly owned subsidiary of TAFE. As the direct parent company of TMTL, TAFE may be deemed to beneficially own the securities owned by TMTL. Ms. Srinivasan is an officer of TMTL and TAFE and is a beneficial owner of certain equity securities of TMTL and TAFE, and may be deemed to beneficially own the securities owned by TMTL.
- F5. Securities owned directly by Ms. Srinivasan.
Key Figures
Key Terms
Cooperation Agreement regulatory
Section 13(d) regulatory
pecuniary interest financial
Section 16 regulatory
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