Terry Brent Norwood, Senior Vice President and CFO of Deere & Company, filed a Form 4 on August 18, 2026, disclosing a share withholding transaction dated August 17, 2026, in connection with the settlement of restricted stock units.

Key Highlights

  • Reporting person: Norwood Terry Brent, identified as Sr VP & CFO of Deere & Company (NYSE:DE).
  • Transaction: 19 shares of $1 Par Common Stock were disposed of (transaction code F) on August 17, 2026, at a price of $608.85 per share.
  • Purpose of disposal: The filing states the transaction was an "exempt withholding of shares to satisfy tax withholding obligations upon settlement of restricted stock units for unrestricted shares."
  • Beneficial ownership following transaction: 1,094 shares of $1 Par Common Stock held directly.
  • RSU component: Of the 1,094 shares reported, 993 are restricted stock units granted under the John Deere 2020 Equity and Incentive Plan.
  • Signing authority: The form was signed by Hilary A. Stubben, Deere & Company, under Power of Attorney, on August 18, 2026.

Deere & Company CFO's RSU Settlement and Tax Withholding Details

According to the filing, Terry Brent Norwood, serving as Senior Vice President and Chief Financial Officer of Deere & Company (NYSE:DE), reported a single non-derivative securities transaction on August 17, 2026. The transaction involved the disposal of 19 shares of the company's $1 Par Common Stock at a price of $608.85 per share. The filing classifies this as an "F" code transaction, which corresponds to a share withholding to cover tax obligations.

The filing's explanation of responses notes that the disposal was an "exempt withholding of shares to satisfy tax withholding obligations upon settlement of restricted stock units for unrestricted shares." This type of transaction occurs when shares are withheld by the company at vesting to cover the reporting person's income tax liability, rather than representing an open-market sale.

Following the reported transaction, Norwood's direct beneficial ownership stood at 1,094 shares of $1 Par Common Stock. The filing further notes that this total includes 993 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, which "include the ability to have shares withheld to satisfy income tax obligations." No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The Form 4 discloses that Deere & Company's CFO had 19 shares withheld at $608.85 each on August 17, 2026, to cover taxes on RSU settlement, leaving a reported direct beneficial ownership of 1,094 shares, of which 993 are restricted stock units.