AGCO CORP /DE 10-Q

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 June 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) (2) April 1, 2026 through April 30, 2026 — $ — — $ 785.0 May 1, 2026 through May 31, 2026 (1) 2,420,203 118.38 2,420,203 439.9 June 1, 2026 through June 30, 2026 — — — 439.9 Total 2,420,203 $ 118.38 2,420,203 $ 439.9 ___________________________________ (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, representing approximately 80% of the shares to be purchased in connection with the transaction. The average price paid per share related to the ASR agreement reflected in the table above was $117.34, derived using the fair market value of the shares on the date the initial 1,997,613 shares were delivered. The amount that may yet be purchased under our share repurchase programs, as presented in the above table, was reduced by the entire $293.0 million payment related to the ASR agreement. 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 February 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 fourth quarter of 2025. Settlement occurred in May 2026, resulting in the repurchase of 422,590 shares for approximately $52.1 million. The average price paid per share related to the TAFE repurchase activity reflected in the table above was $123.2763. Refer to Note 1 0 of our Condensed Consolidated Financial Statements contained in Item 1, “Financial Statements” for further discussion of this matter. (2) The remaining authorized amount to be repurchased is $439.9 million, which has no expiration date.