Deere (DE) Ryan Campbell Exercises Options, Sells Shares (Pres WWC&F)

What Happened
Ryan D. Campbell, President of WWC&F and Power Systems at Deere & Co. (DE), exercised a total of 23,260 stock options on August 21, 2026 and immediately sold those shares under a pre-arranged plan. The exercises involved:

• 5,946 options exercised at $254.83 (cost $1,515,219)
• 7,674 options exercised at $343.94 (cost $2,639,396)
• 5,069 options exercised at $438.44 (cost $2,222,452)
• 4,571 options exercised at $377.01 (cost $1,723,313)
  Aggregate exercise cost ≈ $8,100,380. The shares were sold in multiple open-market transactions the same day for aggregate proceeds of ≈ $15,146,374, producing net cash of roughly $7,045,994 (proceeds minus exercise cost).

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 25, 2026 (timely).
• Sales (open market) by tranche:
  • 11,546 shares @ weighted avg $650.31 (sales prices ranged $650.00–$650.98)
  • 6,696 shares @ weighted avg $651.47 (range $651.00–$651.97)
  • 2,637 shares @ weighted avg $652.30 (range $652.00–$652.67)
  • 2,341 shares @ weighted avg $653.30 (range $653.03–$653.84)
  • 40 shares @ $654.05
• Total shares exercised: 23,260; total shares sold: 23,260.
• Shares owned after transaction: not stated in the excerpt of the filing provided.
• Notable footnotes: F1 — exercises and sales were pursuant to Rule 16b-3 options and a pre-established Rule 10b5-1 sale plan adopted March 3, 2026. Several footnotes list the price ranges for the multiple sale transactions.

Context
Campbell exercised vested options and sold all resulting shares the same day under a 10b5-1 plan — effectively a cashless exercise plus immediate sale. Such transactions are commonly pre-planned and routine for executives to monetize option grants; they do not, by themselves, indicate a change in the insider’s view of the company.