Form 4: Deere Executive Sells Shares for Tax Obligations

Deere & Company executive Cory J. Reed disposed of 634 common shares to cover tax withholding obligations related to restricted stock unit settlement.

Summary

• Cory J. Reed, President, Life Solutions Customer Support & S.M. at Deere & Company, reported a transaction on December 15, 2025.
• The transaction involved the disposition of 634 shares of $1 Par Common Stock.
• This disposition was an exempt withholding of shares to satisfy tax obligations upon the settlement of restricted stock units.
• The shares were disposed of at a price of $484.8 per share.
• Following this transaction, Mr. Reed beneficially owns 20,792 shares of common stock.
• His beneficial ownership includes 4,377 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, which are to be settled solely in shares and include the ability to have shares withheld for income tax obligations.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction by an insider to cover tax obligations related to restricted stock unit settlement, which has a neutral impact on company fundamentals and investor sentiment.

Positives

• The transaction is a routine tax-related event, indicating the settlement of previously granted restricted stock units, which is a common form of executive compensation and aligns executive interests with shareholders.

Negatives

• A reduction of 634 common shares from the executive's direct beneficial ownership, although for tax purposes, slightly decreases direct insider holdings.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which does not typically reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock units is a standard and widely accepted method of managing executive compensation in publicly traded companies across various industries.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units. Such a transaction is a standard part of executive compensation and does not reflect a change in the executive's confidence in the company or its future prospects. Therefore, it does not warrant a change in investment recommendation.

Keywords

Deere, DE, Form 4, insider transaction, executive compensation, stock sale, restricted stock units, tax withholding