Form 4: Deere & Co. Chairman & CEO John C. May II Gifts Shares to Spousal Lifetime Access Trust
SEC Form 4 Filing
John C. May II, Chairman & CEO of Deere & Co., gifted 27,891 shares of $1 Par Common Stock to a spousal lifetime access trust on February 18, 2025.
Summary
- On February 18, 2025, John C. May II, the Chairman & CEO of Deere & Co., gifted 27,891 shares of $1 Par Common Stock.
- The shares were gifted to a spousal lifetime access trust for the benefit of Mr. May's spouse and children.
- Following the transaction, Mr. May directly owns 112,453 shares.
- Mr. May also indirectly owns 27,891 shares through the SLAT.
- Mr. May also holds 20,350 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a gift of shares. It doesn't inherently convey positive or negative sentiment regarding the company's performance.
Industry Context
Executive share gifts are a common estate planning strategy. This transaction does not appear to be related to the company's operational performance or strategic direction.
Related Party Transactions
- The gift of shares to a spousal lifetime access trust constitutes a related party transaction.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders, as it is a personal financial planning decision by the CEO.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of the transaction: John C. May II gifted shares to a spousal lifetime access trust. |
| 02/19/2025 | Date of the signature on the Form 4 filing. |
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