Deere & Company Approves Executive Compensation Awards

Details

These PSUs are designed to incentivize long-term business results and align with the company's strategic goals. The PSUs will be earned based on the achievement of annual Shareholder Value Added (SVA) targets over a five-year period, with vesting contingent on continued employment and performance. The total target value of the PSUs granted to the named executive officers ranges from $5,000,000 to $25,000,000.

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About Deere & Company

Deere & Company is a prominent global leader in the manufacturing of agricultural, construction, and forestry machinery. Renowned for its iconic green and yellow John Deere brand, the company produces a wide array of equipment including tractors, combines, and harvesters, playing a crucial role in the agricultural sector by boosting productivity and efficiency. Additionally, Deere & Company extends its innovation into construction and forestry machinery, offering bulldozers, excavators, and forestry harvesting units that support infrastructure development and resource management. Beyond machinery, the company is involved in precision agriculture technology, integrating data-driven insights and automation to enhance farming outcomes. Established in 1837 and headquartered in Moline, Illinois, Deere & Company's products reach a global market, impacting industries vital for both food production and urban development. Its significant presence in these sectors underscores its crucial role in addressing global challenges related to agriculture, construction, and forestry, contributing to sustainable land management and infrastructure growth.