Deere & Company (DE) CEO John May exercises options and sells stock
Rhea-AI Filing Summary
Deere & Company Chairman and CEO John C. May II reported exercising 41,472 market-priced stock options at an exercise price of $254.83 per share on January 8, 2026. The resulting shares were then sold in four separate open-market transactions totaling 41,472 shares at weighted average prices of $500.46, $501.31, $502.49, and $503.35 per share, with each sale executed in multiple trades within narrow price ranges under a Rule 10b5-1 trading plan adopted on June 20, 2025.
After these transactions, May directly owned 117,970 shares of Deere common stock and indirectly held 27,891 shares through a SLAT, which includes 19,950 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan. The options exercised had become exercisable in three approximately equal installments on December 9 of 2021, 2022, and 2023 and carried a zero remaining balance following the exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Priced Options | 41,472 | $0.00 | -- |
| Exercise | $1 Par Common Stock | 41,472 | $254.83 | $10.57M |
| Sale | $1 Par Common Stock | 15,504 | $500.46 | $7.76M |
| Sale | $1 Par Common Stock | 12,456 | $501.31 | $6.24M |
| Sale | $1 Par Common Stock | 8,216 | $502.49 | $4.13M |
| Sale | $1 Par Common Stock | 5,296 | $503.35 | $2.67M |
| holding | $1 Par Common Stock | -- | -- | -- |
Footnotes (1)
- Exercise of Rule 16b-3 options and related sale of shares pursuant to a Rule 10b5-1 plan adopted on June 20, 2025. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $500.00 to $500.97, inclusive. The reporting person undertakes to provide to Deere & Company, any security holder of Deere & Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $501.00 to $501.99, inclusive. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $502.00 to $502.97, inclusive. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $503.00 to $503.88, inclusive. Includes 19,950 restricted stock unites granted under the John Deere 2020 Equity and Incentive Plan. Units include the ability to have shares withheld to satisfy income tax obligations. The options became exercisable in three approximately equal installments on December 9, 2021, 2022, and 2023.
FAQ
What insider transactions did Deere (DE) CEO John C. May II report?
John C. May II reported exercising 41,472 market-priced stock options at an exercise price of $254.83 per share and selling 41,472 shares of Deere & Company common stock in multiple open-market transactions on January 8, 2026.
Was the Deere (DE) CEO’s stock sale part of a Rule 10b5-1 trading plan?
Yes. The filing states that the option exercise and related share sales were carried out pursuant to a Rule 10b5-1 plan adopted on June 20, 2025, which pre-established the trading instructions.
What restricted stock units are included in the Deere (DE) CEO’s holdings?
The indirect holdings include 19,950 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, and these units allow shares to be withheld to satisfy income tax obligations.
What were the terms of the options exercised by the Deere (DE) CEO?
The 41,472 market-priced options carried an exercise price of $254.83 per share, became exercisable in three approximately equal installments on December 9, 2021, 2022, and 2023, and had a remaining balance of 0 options after the exercise.