Form 4: Deere & Co. Executive Reed Cory J. Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Deere & Co. executive Reed Cory J. exercised stock options and sold shares on June 24, 2024, according to a Form 4 filing with the SEC.
Summary
- On June 24, 2024, Reed Cory J., a Pres Ag & Turf, Prod & Prec Ag at Deere & Co., exercised options to acquire 13,370 shares of Deere & Co. common stock at a price of $148.14 per share.
- Following the exercise, Reed Cory J. sold 13,370 shares at $377.63 per share.
- After these transactions, Reed Cory J. directly owns 41,642 shares of Deere & Co. common stock and indirectly owns 5,531 restricted stock units.
- The transactions were executed pursuant to a Rule 10b5-1(c) stock option exercise plan adopted on February 26, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment. It reflects routine executive compensation activity.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding executive stock ownership and trading activity. It is common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive stock ownership.
- The sale of shares may have a minor impact on the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| 12/12/2021 | Options became exercisable |
| 02/26/2024 | Stock option exercise plan adopted |
| 06/24/2024 | Transaction Date: Exercise of options and sale of shares |
| 06/25/2024 | Date of Form 4 Filing |
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