Form 4: Deere & Co. Executive Hindman J.J. Sells Shares to Cover Tax Obligations

Deere & Co. Senior Vice President and Chief Technology Officer, Jahmy J. Hindman, sold 439 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Jahmy J. Hindman, a Senior Vice President and Chief Technology Officer at Deere & Co., sold 439 shares of the company's common stock on December 13, 2024.
• The sale was executed at a price of $440.44 per share.
• This transaction was to cover tax withholding obligations related to the settlement of restricted stock units.
• Following the transaction, Hindman still beneficially owns 7,540 shares, which includes 5,069 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 439 shares is a relatively small transaction and is not unusual for an executive at a company the size of Deere & Co.
• Similar transactions are regularly reported by executives at other large industrial companies such as Caterpillar and AGCO.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Deere & Co, insider trading, stock sale, executive, restricted stock units, tax obligations, Jahmy J. Hindman