Deere (DE) director awarded 293 restricted stock units under board-approved plan
Rhea-AI Filing Summary
Heuberger Alan Cletus reported acquisition or exercise transactions in this Form 4 filing.
DEERE & CO director Alan Cletus Heuberger received a grant of 293 restricted stock units under the company’s Nonemployee Director Stock Ownership Plan, to be settled exclusively in shares. After this award, he holds a total of 6,982 units, including 6,882 restricted stock units under the same plan, which carries board‑authorized restrictions and tax withholding rights.
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FAQ
What insider transaction did DE director Alan Cletus Heuberger report?
Alan Cletus Heuberger reported receiving a grant of 293 restricted stock units of Deere & Co. The grant was made under the Nonemployee Director Stock Ownership Plan and will be settled exclusively in shares according to the filing.
How many Deere (DE) shares or units does Alan Cletus Heuberger hold after this Form 4?
Following the reported transaction, Alan Cletus Heuberger holds 6,982 units of Deere & Co stock. This total includes 6,882 restricted stock units acquired under the Nonemployee Director Stock Ownership Plan, as described in the filing footnotes.
What type of equity award did Deere (DE) grant to director Alan Cletus Heuberger?
He was granted restricted stock units under Deere’s Nonemployee Director Stock Ownership Plan. The filing states that these units will be settled exclusively in shares, meaning they convert into Deere & Co common stock upon settlement.
Under which plan were Alan Cletus Heuberger’s restricted stock units in Deere (DE) granted?
The restricted stock units were granted under Deere & Co’s Nonemployee Director Stock Ownership Plan. Footnotes indicate the plan’s restrictions are authorized by the Board of Directors and that it provides for tax withholding rights on these awards.
Do Alan Cletus Heuberger’s Deere (DE) restricted stock units have special restrictions or tax features?
Yes. The filing notes that restrictions are authorized by the Board of Directors on units under the Nonemployee Director Stock Ownership Plan, and the plan also provides for tax withholding rights related to these restricted stock unit awards.
Are Alan Cletus Heuberger’s new Deere (DE) restricted stock units settled in cash or shares?
The filing specifies that the 293 restricted stock units will be settled exclusively in shares of Deere & Co. This means that when the units vest, they convert only into common stock, not cash.