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Reports show John Deere CEO John May sold $72,473 company stocks a few days before the strike began.
Earlier this week, more than 10,000 John Deere workers went on strike after negotiations between United Auto Workers and John Deere failed.
The majority of union workers rejected a contract that would have delivered 5% raises to some workers and 6% raises to others.
According to documents acquired by KCRG, the Security and Exchange Commission reported on Tuesday that May began selling stocks in March 2021. But the SEC requires the documents to be filed within two business days after the transaction.
KCRG reports the John Deere stock decreased by 6.3% in the last month and 3% in the last five days.
John Deere has not responded to KCRG’s request for comment.
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