Deere (NYSE: DE) grants director 293 stock units under board-approved plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUNN LAURENCE NEIL reported acquisition or exercise transactions in this Form 4 filing.
DEERE & CO director Laurence Neil Hunn received a grant of 293 restricted stock units of $1 par common stock under the company’s Nonemployee Director Stock Ownership Plan. These units will be settled exclusively in Deere shares. After this award, Hunn holds a total of 1,356 restricted stock units under the plan. The restrictions on these units are authorized by the Board of Directors, and the plan provides for tax withholding rights, meaning a portion of shares can be used to cover applicable taxes when the units are settled.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUNN LAURENCE NEIL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $1 Par Common Stock | 293 | $0.00 | -- |
Holdings After Transaction:
$1 Par Common Stock — 1,356 shares (Direct)
Footnotes (1)
- Grant of restricted stock units under the Nonemployee Director Stock Ownership Plan of the Issuer. Units will be settled exclusively in shares. Includes 1,356 restricted stock units acquired under the Nonemployee Director Stock Ownership Plan of the Issuer. Restrictions are authorized by the Board of Directors. The Plan provides for tax withholding rights.
FAQ
What insider transaction did DE director Laurence Neil Hunn report?
Laurence Neil Hunn reported receiving 293 restricted stock units of DEERE & CO $1 par common stock. These units were granted under the Nonemployee Director Stock Ownership Plan and will be settled exclusively in Deere common shares when they vest, subject to plan restrictions.
How many Deere (DE) restricted stock units does Laurence Neil Hunn now hold?
After the latest grant, Laurence Neil Hunn holds a total of 1,356 restricted stock units in DEERE & CO. All these units were acquired under the Nonemployee Director Stock Ownership Plan and remain subject to plan restrictions authorized by the Board of Directors.
What plan governs the Deere (DE) restricted stock units granted to Laurence Neil Hunn?
The restricted stock units granted to Laurence Neil Hunn are governed by DEERE & CO’s Nonemployee Director Stock Ownership Plan. This plan provides for director equity awards, includes Board-authorized restrictions, and specifies that granted units are settled exclusively in Deere common shares upon settlement events.
How will Laurence Neil Hunn’s Deere (DE) restricted stock units be settled?
Laurence Neil Hunn’s restricted stock units will be settled exclusively in DEERE & CO common shares. When the units settle under the Nonemployee Director Stock Ownership Plan, the company will deliver Deere shares rather than cash, subject to applicable restrictions and tax withholding provisions.
Does the Deere (DE) director stock plan allow tax withholding on restricted stock units?
Yes. The Nonemployee Director Stock Ownership Plan of DEERE & CO provides for tax withholding rights. This allows a portion of the shares issued upon settlement of restricted stock units to be used to satisfy applicable tax withholding obligations instead of requiring separate cash payments.