Deere grants $25M in performance stock to CEO May, ties payout to 5-year profit targets

Filed March 16, 2026 · Period ending March 12, 2026 · ~1 min read

Key Changes

• high

  CEO John May received $25 million in performance stock units, with executives Campbell and Kovar each receiving $5 million. Awards vest over five years based on achieving Shareholder Value Added targets, with potential payout ranging from 0% to 175% of target.

  Item 5.02 verify on EDGAR →
• medium

  Performance measured annually through October 2030 using Shareholder Value Added—operating profit minus cost of capital—scaled to net sales as percentage of mid-cycle revenue to account for business cyclicality.

  Item 5.02 verify on EDGAR →
• medium

  Awards include strict retention provisions: complete forfeiture if executives leave within first three years. After three years, prorated vesting allowed only for death, disability, termination without cause, or retirement.

  Item 5.02 verify on EDGAR →