Form 4: Deere & Co. Executive Reports Stock, Option Grants

Deere & Co.'s Senior VP & Chief People Officer, Felecia J. Pryor, reported the acquisition of restricted stock units and market-priced options, alongside a tax-related disposition of shares.

Summary

• Felecia J. Pryor, Senior VP & Chief People Officer at Deere & Co., reported transactions involving the company's equity securities.
• On December 10, 2025, Pryor acquired 2,015 shares of $1 Par Common Stock through a grant of restricted stock units (RSUs) under the John Deere 2020 Equity and Incentive Plan, acquired at a price of $0.
• Following this acquisition, Pryor's direct beneficial ownership of common stock increased to 12,041 shares.
• On December 11, 2025, Pryor disposed of 273 shares of $1 Par Common Stock at a price of $475.94 per share. This disposition was an exempt withholding of shares to satisfy tax obligations upon the settlement of restricted stock units.
• After the tax-related disposition, Pryor's direct beneficial ownership of common stock was 11,768 shares.
• The reported beneficial ownership of common stock includes 4,878 restricted stock units that are to be settled solely in shares.
• On December 10, 2025, Pryor also acquired 7,503 market-priced options with an exercise price of $468.90, acquired at a price of $0.
• These options become exercisable in three approximately equal installments on December 10, 2026, December 10, 2027, and December 10, 2028, and have an expiration date of December 10, 2035.
• All transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The filing reports routine executive compensation in the form of equity grants and options, along with a standard tax-related share disposition. This indicates ongoing executive alignment with shareholder interests through equity incentives.

Positives

• Grant of 2,015 restricted stock units, increasing the executive's equity stake in the company.
• Grant of 7,503 market-priced options, providing future potential for value creation tied to company performance.
• The transactions were made under the John Deere 2020 Equity and Incentive Plan, indicating a structured approach to executive compensation.

Negatives

• Disposition of 273 shares to cover tax withholding obligations, which reduces direct share ownership, albeit for a standard compensation event.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions represent compensation grants from Deere & Co. to a senior executive, which are by definition related party transactions in the context of insider reporting.

Stakeholder Impact

• Shareholders: The grants align executive interests with shareholder value creation. The tax-related disposition is a minor, routine event.
• Employees: Reflects the company's executive compensation structure, potentially influencing broader compensation philosophies.
• Management: The executive receives significant equity incentives, reinforcing commitment and performance motivation.

Next Steps

• The market-priced options will become exercisable in three installments on December 10, 2026, 2027, and 2028.
• The 4,878 restricted stock units included in beneficial ownership are to be settled solely in shares at a future date.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation, including grants of restricted stock units and stock options, along with a standard tax-related share disposition. Such transactions are expected and do not typically provide new information that would warrant a change in investment recommendation for the underlying stock. The grants align executive incentives with shareholder interests, which is generally positive, but the filing itself does not present a catalyst for a 'buy' or 'sell' decision.

Keywords

Deere & Co., DE, Felecia J. Pryor, SEC Form 4, Insider Trading, Restricted Stock Units, Stock Options, Executive Compensation, Equity Grant, Tax Withholding, Rule 10b5-1