Form 4: Deere & Company Executive Sells Shares to Cover Tax Obligations

A Deere & Company executive, Justin Ryan Rose, sold 264 shares of common stock to cover tax obligations related to the settlement of restricted stock units.

Summary

• Justin Ryan Rose, a President at Deere & Company, sold 264 shares of common stock on December 13, 2024, 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, Mr. Rose beneficially owns 15,030 shares, which includes 12,302 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 264 shares is a relatively small transaction and is not unusual for an executive at a company the size of Deere & Company.
• Many companies use restricted stock units as part of their compensation packages, and the tax implications often lead to similar sales.

Stakeholder Impact

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

Key Dates

Keywords

Deere & Company, insider trading, Form 4, stock sale, executive, restricted stock units, tax obligations