Form 4: Deere Executive Receives Significant Equity Awards

Deere & Company's President of Agriculture and Turf, Justin Ryan Rose, received grants of restricted stock units and stock options, alongside a tax-related share disposition.

Summary

• Justin Ryan Rose, President of Agriculture & Turf, Small Ag & Turf at Deere & Company, reported changes in his beneficial ownership.
• On December 10, 2025, Rose acquired 2,207 shares of $1 Par Common Stock through a grant of restricted stock units (RSUs) under the John Deere 2020 Equity and Incentive Plan.
• On December 11, 2025, 261 shares of $1 Par Common Stock were disposed of at a price of $475.94 per share to satisfy tax withholding obligations upon the settlement of restricted stock units.
• Following these transactions, Rose beneficially owns 13,795 shares of common stock, which includes 5,021 restricted stock units to be settled solely in shares.
• On December 10, 2025, Rose also acquired 8,217 market-priced options with an exercise price of $468.9 per share, expiring on December 10, 2035.
• These options will become exercisable in three approximately equal installments on December 10, 2026, December 10, 2027, and December 10, 2028.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it reflects routine executive compensation through equity grants, which generally aligns management interests with shareholders. However, it's not a significant catalyst for the company's stock price.

Positives

• The grant of 2,207 restricted stock units and 8,217 stock options aligns the executive's interests with those of shareholders, incentivizing long-term performance.
• The equity awards are part of a structured compensation plan (John Deere 2020 Equity and Incentive Plan), indicating a clear framework for executive incentives.

Negatives

• A disposition of 261 shares occurred to cover tax withholding obligations, which is a routine event but represents a reduction in direct share ownership.

Future Outlook

The acquired stock options will become exercisable in three approximately equal installments on December 10, 2026, 2027, and 2028, with an expiration date of December 10, 2035.

Industry Context

This filing details routine executive compensation in the form of equity grants, a common practice across industries to align management incentives with shareholder value creation. It does not provide specific insights into broader industry trends for agricultural and turf equipment.

Stakeholder Impact

• Shareholders: The equity grants align the executive's financial interests with long-term shareholder value, potentially fostering better performance.
• Employees: No direct impact on general employees is indicated by this filing, though executive compensation practices can influence overall company culture and compensation philosophy.

Next Steps

• The acquired stock options will vest in three equal installments on December 10, 2026, 2027, and 2028.

Key Dates

Keywords

Deere & Company, DE, Form 4, Insider Transaction, Equity Award, Restricted Stock Units, Stock Options, Executive Compensation, Beneficial Ownership