Form 4: Deere & Company Executive Cory J. Reed Reports Stock Transaction

Cory J. Reed, a President at Deere & Company, disposed of 421 shares of common stock to cover tax obligations related to restricted stock units.

Summary

• Cory J. Reed, a President at Deere & Company, filed a Form 4 indicating a transaction involving the company's stock.
• On December 13, 2024, Mr. Reed disposed of 421 shares of Deere & Company common stock at a price of $440.44 per share.
• This transaction was to satisfy tax withholding obligations related to the settlement of restricted stock units.
• Following the transaction, Mr. Reed still beneficially owns 19,654 shares, which includes 6,806 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. There is no indication of positive or negative sentiment, it is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any unusual activity.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, particularly around the vesting of restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any negative sentiment from the executive.
• Other companies in the agricultural and industrial sectors, such as Caterpillar and AGCO, also have similar reporting requirements for their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.
• The transaction does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Deere & Company, Form 4, insider trading, stock transaction, restricted stock units, executive compensation, Cory J. Reed