Form 4: Deere Executive Exercises Options, Sells Shares
Insider Transaction Report
Deere & Company's President of Life Solutions, Customer Support & Small Machines, Cory J. Reed, exercised stock options and sold an equal number of shares under a pre-arranged 10b5-1 plan.
Summary
- Cory J. Reed, President of Life Solutions, Customer Support & Small Machines at Deere & Company, engaged in a transaction on January 14, 2026.
- The transaction involved the exercise of 12,000 market-priced options at an exercise price of $169.7 per share.
- Simultaneously, 12,000 shares of $1 Par Common Stock were sold at a price of $510 per share.
- These transactions were conducted pursuant to a Rule 10b5-1 plan adopted on May 21, 2025.
- Following these transactions, beneficial ownership of $1 Par Common Stock stands at 20,792 shares.
- The reported beneficial ownership includes 4,377 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan.
- After the exercise, 7,280 derivative securities (options) remain beneficially owned.
Sentiment
Score: 5
Explanation: This is a routine insider transaction under a pre-arranged 10b5-1 plan, which is generally considered neutral in terms of market sentiment. It reflects an executive monetizing vested compensation rather than a direct signal about company performance or future outlook.
Positives
- The executive realized a significant gain from exercising options at $169.7 and selling shares at $510.
- The transaction was executed under a pre-arranged Rule 10b5-1 plan, indicating planned and transparent insider trading activity.
Negatives
- Direct beneficial ownership of common stock decreased by 12,000 shares as a result of the sale.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The transaction represents a routine monetization of executive compensation and does not typically have a significant direct impact on other shareholders. The sale reduces the executive's direct common stock holdings but was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 12/11/2020 | First installment of options became exercisable. |
| 12/11/2021 | Second installment of options became exercisable. |
| 12/11/2022 | Third installment of options became exercisable. |
| 05/21/2025 | Rule 10b5-1 plan adopted for the purchase or sale of equity securities. |
| 01/14/2026 | Transaction date for the exercise of options and related sale of shares. |
| 01/15/2026 | Signature date of the reporting person's representative. |
| 12/11/2029 | Expiration date of the market priced options. |
Keywords
Deere & Company, DE, Form 4, Insider Trading, Stock Options, Share Sale, Cory J. Reed, 10b5-1 Plan, Executive Compensation
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