Deere (NYSE: DE) president exercises options, sells 12,000 shares
Rhea-AI Filing Summary
Deere & Company executive Reed Cory J, President of Life Solutions, Customer Support & S.M., reported an option exercise and share sale. On January 14, 2026, he exercised 12,000 market-priced options at an exercise price of $169.7 per share, receiving 12,000 shares of $1 par common stock. The same day, he sold 12,000 shares at $510 per share under a Rule 10b5-1 trading plan adopted on May 21, 2025, leaving 20,792 common shares held directly.
After these transactions, he also holds 7,280 market-priced options and his reported holdings include 4,377 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, which allow shares to be withheld to cover income tax obligations. The options exercised had become exercisable in three approximately equal installments on December 11, 2020, 2021, and 2022.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Priced Options | 12,000 | $0.00 | -- |
| Exercise | $1 Par Common Stock | 12,000 | $169.70 | $2.04M |
| Sale | $1 Par Common Stock | 12,000 | $510.00 | $6.12M |
Footnotes (1)
- Exercise of Rule 16b-3 options and related sale of shares pursuant to a Rule 10b5-1 plan adopted on May 21, 2025. Includes 4,377 restricted stock units 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 11, 2020, 2021, and 2022.
FAQ
What insider transaction did Deere (DE) executive Reed Cory J report?
Reed Cory J reported exercising 12,000 market-priced options at an exercise price of $169.7 per share and selling 12,000 shares of Deere & Company $1 par common stock at $510 per share on January 14, 2026.
Were the Deere (DE) insider trades made under a Rule 10b5-1 plan?
Yes. The filing states that the exercise of Rule 16b-3 options and related sale of shares were made pursuant to a Rule 10b5-1 plan adopted on May 21, 2025.
What options did the Deere (DE) executive exercise in this Form 4?
He exercised 12,000 market-priced options with an exercise price of $169.7 per share, which had become exercisable in three approximately equal installments on December 11, 2020, 2021, and 2022, and now has 7,280 options remaining.
What equity awards are included in Reed Cory J’s reported Deere (DE) holdings?
The filing notes that his holdings include 4,377 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, and that these units allow shares to be withheld to satisfy income tax obligations.
What is Reed Cory J’s role at Deere & Company?
Reed Cory J is reported as an officer of Deere & Company, serving as President, Life Solutions, Customer Support & S.M., and is not listed as a director or 10% owner.