AGCO CORP /DE
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The table below sets forth information with respect to purchases of our common stock made by or on behalf of us during the three months ended September 30, 2026:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions)(3) |
|---|---|---|---|---|
| July 1, 2026 through July 31, 2026(1) | — | $— | — | $439.9 |
| August 1, 2026 through August 31, 2026(2) | 492,418 | 115.33 | 492,418 | 383.1 |
| September 1, 2026 through September 30, 2026 | — | — | — | 383.1 |
| Total | 492,418 | $115.33 | 492,418 | $383.1 |
(1) In May 2026, the Company entered into an accelerated share repurchase (“ASR”) agreement with a financial institution to repurchase an aggregate of $293.0 million of shares of its common stock. The ASR agreement resulted in the initial delivery of approximately 1,997,613 shares of our common stock in May 2026, representing approximately 80% of the shares to be purchased in connection with the transaction. In July 2026, the remaining 593,462 shares under the ASR agreement were delivered. The May 2026 accelerated share repurchase agreement resulted in the repurchase of an aggregate of 2,591,075 shares at an average price of approximately $113.08 per share.
(2) In conjunction with the Cooperation Agreement entered into with Tractors and Farm Equipment Limited (“TAFE”) in June 2025 (the “Cooperation Agreement”), TAFE agreed to participate on a pro-rata basis in the Company’s share repurchase programs as authorized by the Company’s Board of Directors from time to time. In August 2026, pursuant to the Cooperation Agreement, the Company committed to repurchase a pro-rata amount of shares from TAFE related to the Company's share repurchase program executed in the second quarter of 2026. The Company accounted for this arrangement as a forward share repurchase contract and settlement occurred in August 2026, resulting in the repurchase of 492,418 shares for approximately $56.8 million. The average price paid per share related to the TAFE repurchase activity reflected in the table above was $115.3334. Refer to Note 10 of our Condensed Consolidated Financial Statements contained in Item 1, “Financial Statements” for further discussion of this matter.
(3) The remaining authorized amount to be repurchased is $383.1 million, which has no expiration date.
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