Form 4: Deere Executive Receives Equity Awards and Options

Deere & Co. Senior VP Kellye L. Walker reported the acquisition of restricted stock units and stock options, alongside a tax-related disposition of shares.

Summary

• Kellye L. Walker, Senior VP & CLO GLSRA of Deere & Co. (DE), reported changes in beneficial ownership.
• On December 10, 2025, 1,919 shares of $1 Par Common Stock were acquired as a grant of restricted stock units (RSUs) under the John Deere 2020 Equity and Incentive Plan, with a transaction price of $0.
• On December 11, 2025, 222 shares of $1 Par Common Stock were disposed of at a price of $475.94 to satisfy tax withholding obligations upon the settlement of RSUs.
• Following these transactions, beneficial ownership of non-derivative common stock stands at 8,446 shares, which includes 6,735 restricted stock units to be settled solely in shares.
• On December 10, 2025, 7,145 market-priced options were acquired with an exercise price of $468.9 and a transaction price of $0.
• These options expire on December 10, 2035, and become exercisable in three approximately equal installments on December 10, 2026, 2027, and 2028.
• Following the derivative transaction, 7,145 market-priced options are beneficially owned.

Sentiment

Score: 6

Explanation: The filing reports routine equity compensation for a senior executive, which is generally a neutral to slightly positive event as it aligns management incentives with shareholder value. It does not indicate any significant positive or negative operational or financial news for the company.

Positives

• The grant of 1,919 restricted stock units and 7,145 market-priced options aligns management's interests with shareholders through equity compensation.
• The equity awards are part of the John Deere 2020 Equity and Incentive Plan, indicating a structured approach to executive compensation.

Negatives

• A disposition of 222 shares occurred to cover tax withholding obligations, which is a standard practice but reduces direct share ownership.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook; it solely reports insider transactions.

Industry Context

This insider transaction report reflects routine executive compensation practices within publicly traded companies, where equity awards are commonly used to incentivize and retain senior management. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The equity grants align the interests of a key executive with long-term shareholder value. The tax-related disposition is a standard event and has minimal impact.
• Employees: This filing specifically relates to executive compensation and does not directly impact the broader employee base.

Next Steps

• The market-priced options will become exercisable in three equal installments on December 10, 2026, 2027, and 2028.

Key Dates

Keywords

Deere & Co., DE, Form 4, Insider Transaction, Equity Awards, Restricted Stock Units, Stock Options, Executive Compensation, Beneficial Ownership