Form 4: Deere & Co. CFO Joshua Jepsen Reports Stock Disposals for Tax Obligations

Deere & Co.'s Senior VP and CFO, Joshua Jepsen, disposed of company stock to cover tax obligations related to the settlement of restricted stock units.

Summary

• Joshua Jepsen, Senior VP & CFO of Deere & Co., reported the disposal of company stock.
• The transactions occurred on December 14, 2024, and December 15, 2024.
• A total of 254 shares were disposed of on December 14, and 136 shares on December 15.
• The disposals were made at a price of $440.44 per share.
• These disposals were to satisfy tax withholding obligations upon the settlement of restricted stock units.
• Following these transactions, Mr. Jepsen beneficially owns 7,787 shares of Deere & Co. stock.
• Mr. Jepsen also holds 4,683 restricted stock units under the John Deere 2020 Equity and Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock disposals for tax purposes, which is a neutral event.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Similar stock disposals for tax purposes are common among executives at publicly traded companies.
• The transaction is consistent with standard practices for managing equity compensation.

Stakeholder Impact

• The stock disposals have a minimal impact on shareholders as they are routine transactions for tax purposes.

Key Dates

Keywords

Deere & Co, Joshua Jepsen, stock disposal, restricted stock units, tax obligations, insider trading, SEC Form 4