Form 4: Deere & Company CEO John C. May II Sells Shares to Cover Tax Obligations

Deere & Company's Chairman and CEO, John C. May II, sold 1,680 shares of common stock to cover tax obligations related to the settlement of restricted stock units.

Summary

• John C. May II, Chairman and CEO of Deere & Company, sold 1,680 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 satisfy tax withholding obligations upon the settlement of restricted stock units.
• Following the transaction, Mr. May beneficially owns 139,696 shares of Deere & Company stock, which includes 31,718 restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

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.
• Many companies use restricted stock units as part of their executive compensation packages, leading to similar transactions when these units vest.
• The number of shares sold and the price are specific to Deere & Company and its executive compensation plan.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Deere & Company, John C. May II, stock sale, insider trading, restricted stock units, tax obligations, executive compensation