Form 4: Deere Executive Reed Reports Equity Grants

Deere & Company's President, Life Solutions Customer Support & S.M., Cory J. Reed, reported the acquisition of restricted stock units and market-priced options, alongside a tax-related share disposition.

Summary

• Cory J. Reed, President, Life Solutions Customer Support & S.M. at Deere & Company, reported transactions involving company equity.
• On December 10, 2025, Reed acquired 2,015 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, Reed disposed of 307 shares of $1 Par Common Stock at a price of $475.94 per share to satisfy tax withholding obligations upon the settlement of restricted stock units.
• On December 10, 2025, Reed also acquired 7,503 market-priced options with an exercise price of $468.90.
• Following these transactions, Reed beneficially owns 21,426 shares of common stock and 7,503 market-priced options.
• The common stock beneficial ownership includes 5,894 restricted stock units to be settled solely in shares.

Sentiment

Score: 7

Explanation: The filing reports routine executive equity compensation, including grants of restricted stock units and stock options, which are generally positive for aligning management incentives. The disposition of shares was solely for tax withholding, a neutral event.

Positives

• Grant of 2,015 restricted stock units to Cory J. Reed, indicating continued equity-based compensation and alignment with shareholder interests.
• Grant of 7,503 market-priced options, providing an incentive for long-term performance.

Negatives

• Disposition of 307 shares of common stock at $475.94 to cover tax withholding obligations, which is a common but non-discretionary sale.

Future Outlook

The market-priced options granted to Cory J. Reed will become exercisable in three approximately equal installments on December 10, 2026, 2027, and 2028, with an expiration date of December 10, 2035, aligning executive incentives with long-term company performance.

Industry Context

This filing reflects standard executive equity compensation practices within large publicly traded companies, aiming to align management incentives with shareholder value creation through restricted stock units and stock options.

Related Party Transactions

• Cory J. Reed, an officer of Deere & Company, received grants of restricted stock units and market-priced options from the company under the John Deere 2020 Equity and Incentive Plan.

Stakeholder Impact

• Shareholders: The grants of equity compensation align executive interests with shareholder value creation, potentially fostering long-term growth.
• Employees: Reflects the company's ongoing use of equity incentive plans for key personnel.

Next Steps

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

Key Dates

Recommendation

This Form 4 filing details routine equity compensation grants and a tax-related share disposition by a company executive. Such transactions are standard practice for executive incentive programs and do not provide new fundamental information to warrant a change in investment recommendation. The grants align executive interests with long-term shareholder value, which is a positive, but the overall impact on the company's valuation or operational outlook is neutral. Therefore, a 'hold' recommendation is appropriate as this filing does not present a catalyst for significant price movement.

Keywords

Deere & Company, DE, Cory J. Reed, Form 4, Insider Trading, Restricted Stock Units, Stock Options, Equity Compensation, Executive Compensation, SEC Filing