Research Summary
AI-generated summary of this SEC filing
DEERE CFO Brent Norwood Sells 19 Shares (Tax Withholding)
What Happened
- Brent Norwood, Sr. VP & CFO of DEERE & CO (DE), had 19 shares disposed (withheld) to satisfy tax withholding upon the settlement of restricted stock units. The shares were valued at $608.85 each, totaling about $11,568.
Key Details
- Transaction date: 2026-08-17; filing date: 2026-08-18 (timely).
- Price per share: $608.85; total value: ~$11,568.
- Shares were withheld for tax obligations (transaction code F — exempt withholding), not an open-market sale.
- Filing notes 993 restricted stock units under the John Deere 2020 Equity and Incentive Plan are included in the referenced awards and allow share withholding to cover taxes (footnotes F1 & F2).
- Shares owned after the transaction are not specified in this filing.
Context
- This was a routine tax-withholding transaction tied to RSU settlement (a form of cashless disposition) and should not be read as an active sell decision in the open market.
- Such withholdings are common when equity awards vest and do not necessarily indicate insider sentiment about the company.