DEERE & CO (DE) SEC Filings, Jan-Mar 2026

DEERE & CO director Leanne G. Caret reported an equity award. On March 4, 2026, she acquired 293 restricted stock units tied to the company’s $1 par common stock in a grant classified as a "grant, award, or other acquisition" at a stated price of $0.0000 per share.

The footnotes state these restricted stock units were granted under Deere’s Nonemployee Director Stock Ownership Plan and will be settled exclusively in shares. After this award, the Form 4 reports a total of 2,090 restricted stock units held under this plan, which includes prior awards and is subject to plan restrictions and tax withholding rights authorized by the Board of Directors.

Deere & Company reported the results of its annual shareholder meeting held on February 25, 2026. All nominated directors were elected to terms expiring at the 2027 annual meeting, with each nominee receiving well over 190 million shares voted in favor and substantial broker non-votes.

Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers, with 190,345,717 shares voted for the proposal versus 16,140,154 against. Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the 2026 fiscal year, with 225,438,196 shares voted for ratification.

Several shareholder proposals did not pass, including requests for a report on the return on investment of emission reduction goals, a shareholder right to act by written consent, and a report on faith-based business resource groups, each receiving far fewer votes for than against.

Deere & Company reported mixed first-quarter 2026 results. Net sales and revenues rose to $9,611 from $8,508, driven by higher equipment sales across segments, but net income attributable to Deere fell to $656 from $869 as margins and taxes weighed on earnings.

Diluted earnings per share declined to $2.42 from $3.19. The effective tax rate increased to 23.4% from 3.0%, reflecting fewer favorable discrete tax items. Operating cash flow remained negative at $(890), though improved versus the prior year, while investing activities provided $1,822 and financing used $2,490, including dividends and share repurchases.

Segment operating profit was $773, slightly below $793 a year earlier, with stronger results in Small Agriculture & Turf, Construction & Forestry, and Financial Services offset by weaker Production & Precision Agriculture. Management expects 2026 net sales to increase overall, with lower large agriculture demand partially offset by growth in other equipment lines.

Deere & Company reported weaker profitability but solid sales growth for the first quarter of fiscal 2026. Net income attributable to Deere was $656 million, or $2.42 per diluted share, down from $869 million, or $3.19 per share, a year earlier, a 25% decline in profit.

Worldwide net sales and revenues rose 13% to $9.611 billion, with equipment net sales up to $8.001 billion from $6.809 billion. Large Production & Precision Agriculture stayed roughly flat in sales but saw operating profit fall 59% as tariffs, mix, and warranty costs pressured margins. In contrast, Small Agriculture & Turf net sales grew 24% and operating profit 58%, while Construction & Forestry net sales rose 34% with operating profit more than doubling.

Financial Services net income increased to $244 million from $230 million, helped by favorable financing spreads and lower credit losses. For fiscal 2026, Deere forecasts net income attributable to the company between $4.5 billion and $5.0 billion and expects weakness in large agriculture markets but growth in construction and smaller agriculture segments.

Deere & Company shareholder John Chevedden has filed an exempt solicitation urging investors to vote for Proposal 6 on written consent and to vote against Tamra Erwin, Chair of the Deere Governance Committee. He argues that written consent is a shareholder right that effectively requires support from a majority of all Deere shares outstanding, which in practice could mean 70%–80% support among reachable shares, and disputes Deere’s suggestion that it empowers a minority.

Chevedden notes that Deere disqualifies shares not held for a full year from participating in calling special shareholder meetings and describes Proposal 6 as an important shareholder-rights measure. He points to a similar written consent proposal that received 51% support at CDW Corporation. He also criticizes Deere’s 2026 proxy for including a lengthy general statement opposing all shareholder proposals, alongside separate oppositions to each proposal, and links this stance to Ms. Erwin’s governance role.

Deere & Company announced a planned finance leadership change. On January 20, 2026, Senior Vice President and Chief Financial Officer Joshua A. Jepsen informed the company he will resign effective February 19, 2026. The company states his decision is not related to any financial or accounting issue or to any disagreement over operations, policies, or practices.

Effective the same date, Deere appointed Ryan D. Campbell as acting Chief Financial Officer and as principal financial and principal accounting officer on an interim basis, while it searches internal and external candidates for a permanent replacement. Campbell, age 51, currently serves as President, Worldwide Construction & Forestry and Power Systems and previously served as Deere’s Chief Financial Officer from March 2019 to May 2022.

National Legal and Policy Center submitted an exempt solicitation urging Deere & Company shareholders to vote FOR Proposal 04, which asks Deere to publish a report on the return on investment (ROI) of its greenhouse gas emission reduction goals. Deere has committed to cut Scope 1 and 2 emissions by 50% and Scope 3 emissions by 30% by 2030, and the filer argues these “Leap Ambitions” lack transparent financial analysis.

The memo claims Deere reallocates significant capital to electrification, alternative fuels, and renewable energy without disclosing clear capex, ROI, or internal rate of return metrics. It warns about potential regulatory “greenwashing” scrutiny, competitive risks if “green” products underperform diesel equipment, and geopolitical exposure from battery supply chains. The filer frames Proposal 04 as a call for fiduciary accountability and clearer evidence that climate initiatives support shareholder value.

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.

A holder of DE common stock has filed a notice of proposed sale under Rule 144. The filing covers the planned sale of 12,000 shares of common stock through Fidelity Brokerage Services LLC on or about 01/14/2026, to be traded on the NYSE. The shares have an stated aggregate market value of 6,120,000.00.

The securities relate to options that were granted on 12/11/2019 and acquired on 01/14/2026, with the purchase price paid in cash. The filing notes that 270,445,437 shares of this class of stock are outstanding, providing context for the size of the planned transaction.