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Get filing alertsDeere & Company names T. Brent Norwood as new CFO, effective May 1, 2026
Filed May 1, 2026 · Period ending April 28, 2026 · ~1 min read
Key Changes
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high
T. Brent Norwood, 44, appointed Senior Vice President and Chief Financial Officer effective May 1, 2026, replacing acting CFO Ryan D. Campbell who returns to his role leading Construction & Forestry and Power Systems divisions.
Item 5.02 verify on EDGAR → -
medium
Norwood has been with Deere since 2013 and most recently served as VP & Finance Director for Construction & Forestry and Power Systems, bringing internal continuity to the CFO role.
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medium
New CFO compensation includes $925,000 base salary, 100% target bonus (up to $1.85M total cash), and 8,809 performance-based stock units vesting through October 2030.
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low
Campbell's return to operational leadership role suggests the acting CFO arrangement was temporary while the company conducted a search or transition process.
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Summary
Deere & Company has appointed T. Brent Norwood as its new Chief Financial Officer, ending Ryan Campbell's stint as acting CFO. Norwood, a 13-year Deere veteran who most recently oversaw finance for the Construction & Forestry and Power Systems divisions, takes the helm of financial operations at a critical time for the agricultural equipment giant.
Campbell returns to his operational role leading those same divisions, suggesting the acting CFO arrangement was always intended as temporary. For investors, the appointment brings stability and internal continuity to the finance function. Norwood's compensation package—including performance-based equity vesting through 2030—aligns his interests with long-term shareholder value.
His deep familiarity with Deere's operations, particularly in construction and power systems, should enable a smooth transition without disruption to financial reporting or strategic planning. Watch for Norwood's first earnings call as CFO to assess his communication style and strategic priorities. His performance-based stock units suggest the board has set specific financial targets for the 2026-2030 period; any disclosure of those metrics would provide insight into management's expectations for the company's trajectory.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 1, 2026, Mr. Norwood will also receive a one-time award of 8,809 performance-based restricted stock units (PSUs) under the John Deere 2020 Equity and Incentive Plan, to be earned contingent on the achievement of performance goals, and time-based vesting through October 27, 2030.
As part of his appointment package, Norwood will receive 8,809 performance-based restricted stock units that vest based on achieving performance goals and time-based vesting through October 2030. This equity award aligns the new CFO's compensation with long-term company performance and shareholder interests over a multi-year period.
Event · Item 7.01 — Regulation FD Disclosure
Deere issued a press release regarding an election event; details provided in attached exhibit.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 1, 2026, the Company issued a press release relating to the election described above, which press release is attached hereto and incorporated herein by reference as Exhibit 99.1.
Deere disclosed that it issued a press release on May 1, 2026 regarding an election event. The specific details of the election are contained in the attached press release exhibit, which is not included in this 8-K body text.
Event · Item 9.01 — Financial Statements and Exhibits
Deere & Company filed an 8-K attaching a press release as Exhibit 99.1; no material business event disclosed in the filing body.
Added in current filing · view on EDGAR →
99.1
Press Release (furnished herewith)
The 8-K furnishes a press release as Exhibit 99.1. The filing body provides no details about the press release content, so the nature and materiality of the disclosure cannot be determined from this document alone.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify