Form 4: Deere CFO Sells Shares for Tax Obligations
Insider Transaction Report
Deere & Company's Senior VP and CFO, Joshua A. Jepsen, disposed of 634 common shares to cover tax withholding obligations related to restricted stock unit settlement.
Summary
- Joshua A. Jepsen, Senior VP & CFO of Deere & Co. (DE), reported a transaction involving the company's common stock.
- On December 15, 2025, Jepsen disposed of 634 shares of $1 Par Common Stock.
- The shares were disposed of at a price of $484.8 per share.
- This transaction was an exempt withholding of shares to satisfy tax obligations upon the settlement of restricted stock units for unrestricted shares.
- Following this transaction, Jepsen beneficially owns 8,732 shares directly.
- The beneficial ownership includes 4,348 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, which are to be settled solely in shares and include the ability to have shares withheld for income tax obligations.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax obligations upon the vesting of restricted stock units, which is a neutral event in terms of company performance or executive sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across publicly traded companies and does not inherently reflect broader industry trends or competitive positioning.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Senior VP & CFO | NA | Joshua A. Jepsen | NA | Identified as current role, no change reported. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Plan Reference | The transaction relates to restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, indicating the company's established executive compensation framework. | NA | Reinforces the existing executive compensation structure and its compliance with tax withholding mechanisms. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in executive confidence or company fundamentals.
- Employees: No direct impact mentioned beyond the executive compensation structure.
Key Dates
| Date | Description |
|---|---|
| 12/15/2025 | Transaction Date: Disposition of 634 shares of common stock by Joshua A. Jepsen. |
| 12/16/2025 | Signature Date of Reporting Person's representative. |
Recommendation
holdThis Form 4 reports a routine, non-discretionary sale of shares by a senior executive to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically indicate a change in management's confidence or the company's fundamental performance. Therefore, it does not provide new information that would warrant a change in investment recommendation based solely on this filing.
Keywords
Deere & Co, DE, Form 4, insider transaction, stock sale, CFO, Joshua Jepsen, tax withholding, restricted stock units, equity compensation
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