Form 4: Deere Executive Sells Shares for Tax Obligations

Deere & Company's President of JD Financial & CIO, Rajesh Kalathur, disposed of 640 common shares to cover tax withholding obligations related to restricted stock unit settlement.

Summary

• Rajesh Kalathur, President, JD Financial & CIO of Deere & Co., reported a transaction involving the company's common stock.
• On December 15, 2025, 640 shares of $1 Par Common Stock were disposed of.
• The disposition was an exempt withholding of shares to satisfy tax withholding obligations upon the settlement of restricted stock units for unrestricted shares.
• The price per share for the tax withholding transaction was $484.8.
• Following this transaction, Kalathur beneficially owns 75,850 shares.
• The reported beneficial ownership includes 4,281 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, which are to be settled solely in shares.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: Neutral, as it represents a routine, pre-planned executive compensation event (tax withholding upon RSU vesting) rather than a discretionary sale or purchase indicating a change in sentiment.

Positives

• The transaction is a routine tax withholding event, indicating the vesting of restricted stock units for the executive, which is a positive for the executive's compensation.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

This routine insider transaction reflects standard executive compensation practices involving restricted stock unit vesting and subsequent tax withholding, common across publicly traded companies.

Comparison to Industry Standards

• The disposition of shares for tax withholding upon RSU vesting is a common practice for executive compensation in large corporations, aligning with typical industry standards for equity incentive plans.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine compensation event and the disposition is for tax purposes, not a discretionary sale. The underlying RSU vesting is part of established compensation plans.
• Employees: No direct impact.

Next Steps

• NA

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned disposition of shares by an executive to cover tax obligations upon the vesting of restricted stock units. It does not reflect a discretionary sale based on new information or a change in the executive's outlook on the company, nor does it introduce new financial or operational data. Therefore, it provides no basis to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Deere & Co, DE, Form 4, Insider Transaction, Rajesh Kalathur, Restricted Stock Units, Tax Withholding, Equity Plan, 10b5-1 Plan