Deere Board approved one‑time performance-based RSU grants on Mar 12; to be granted ~Mar 19, 2026, subject…
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Deere Board approved one‑time performance-based RSU grants on Mar 12; to be granted ~Mar 19, 2026, subject to continued employment. PSUs vest through Oct 27, 2030 and cover a 5-year Performance Period (Nov 3, 2025–Oct 27, 2030). 📈 $DE #ExecutiveComp #SVA
PSU payouts tied to annual Shareholder Value Added (SVA) vs targets, with variable scale by net‑sales cycle. Payouts per year: 0% ≤90%, 100% at 100%, up to 175% ≥125% (straight‑line between). Annual results averaged over 5 years. 🔁 $DE #PerformancePay #Governance
Termination rules: forfeiture if employment ends within first 3 years; prorated vesting for death/disability or qualifying termination/retirement after 3 years; full service‑vesting if qualifying termination within 24 months post change‑in‑control (payout based on performance). 💼 $DE #Retention #ExecutivePay
Target 5‑year PSU values at grant (fair market value basis): John C. May $25,000,000; Ryan D. Campbell $5,000,000; Deanna M. Kovar $5,000,000. Awards under John Deere 2020 Equity & Incentive Plan to support Leap Ambitions & retention. 💵 $DE #ExecPay #DE