Deere grants one-time performance stock units to executives tied to SVA targets
Deere & Company's board approved one-time performance-based restricted stock unit awards to named executive officers and other senior officers, with grants expected on or about March 19, 2026. The awards pay out based on Shareholder Value Added results over a five-year period from November 3, 2025 to October 27, 2030, so executive pay is tied to equipment operations returns above cost of capital.
Key points
- Board approved the awards on March 12, 2026, under the John Deere 2020 Equity and Incentive Plan.
- John C. May target value is $25,000,000; Ryan D. Campbell and Deanna M. Kovar are each $5,000,000.
- No payout unless SVA exceeds 90% of target; maximum payout is 175% of target at 125% of SVA target.
- Awards are forfeited if employment ends in the first three years of the Performance Period, with exceptions for death, disability and certain other terminations.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 16, 2026.
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