ProxyMiner / Company

DEERE & CODE

Latest proxy: 2026 · view on SEC ↗ · CIK 0000315189

CEO total pay

$27,925,424

John C. May · 2025

Say on pay

Not disclosed

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CEO pay ratio

Not in CD&A

Item 402(u) section may live outside the CD&A

Compensation committee

CD&A

Compensation Committee

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
John C. May2025 compensation
Chairman, Chief Executive Officer and President
$27,925,424→ 0%
89% at-risk
$1,694,507$13,950,239$5,450,551$1,137,833
Joshua A. Jepsen2025 compensation
Senior Vice President and Chief Financial Officer
$7,393,638↑ 2%
83% at-risk
$940,724$3,393,182$1,512,966$275,890
Ryan D. Campbell2025 compensation
President, Worldwide Construction
$7,694,729↑ 2%
82% at-risk
$989,700$3,393,182$1,591,735$288,866
Rajesh Kalathur2025 compensation
President, John Deere Financial and Chief Information Officer
$7,655,324↓ 2%
82% at-risk
$982,523$3,244,822$1,580,192$285,315
Deanna M. Kovar2025 compensation
Named executive officer
$7,444,443
80% at-risk
$932,635$3,244,822$1,499,957$494,069

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

The following section provides a detailed description of our compensation programs, including the underlying philosophy and strategy, the specific metrics, the relationship between our performance and compensation earned in fiscal 2025, and the Board’s and the Committee’s methodology and processes used to make compensation decisions. For fiscal 2025, our NEOs were as follows: ​ ​ ​John C. MayJoshua A. JepsenChairman, Chief Executive Officer, and President​Senior Vice President and Chief Financial Officer ​ ​ ​ ​ ​ ​Ryan D. Campbell​Rajesh Kalathur​Deanna M. KovarPresident, Worldwide Construction & Forestry and Power Systems​President, John Deere Financial, and Chief Information Officer​President, Worldwide Agriculture & Turf Division: Production & Precision Ag, Sales and Marketing Regions of the Americas and Australia ​​342026 PROXY STATEMENT ​​​​​​​​​​​​​PROXY SUMMARY ​ ​PROPOSAL 1: ELECTION OF DIRECTORS ​ ​PROPOSAL 2: ADVISORY VOTE ON EXECUTIVE COMPENSATION ​ ​PROPOSAL 3: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ​ ​OTHER MATTERS FOR VOTE ​ ​ADDITIONAL INFORMATION ​ ​APPENDICES Executive summary Business strategy overview Deere & Company is a global leader in …

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

  • hedging

    ANTI-HEDGING AND ANTI-PLEDGING POLICIES

    “ANTI-HEDGING AND ANTI-PLEDGING POLICIES”

  • pledging

    prohibited

    “Our Insider Trading Policy also prohibits our directors and officers from holding Deere stock in margin accounts or pledging Deere stock as collateral for loans or other obligations.”

  • clawback

    present

    “RECOUPMENT OF PREVIOUSLY PAID INCENTIVE COMPENSATION”

  • stock ownership guidelines

    present

    “ownership requirements that are designed to motivate our management team to focus on Deere’s long-term sustainable growth, a Recovery Policy designed to require recoupment of incentive compensation in the event of a fina…”

  • change in control

    Potential Payments upon Change in Control

    “Potential Payments upon Change in Control”

  • compensation consultant

    independent

    “independent compensation consultant, reviewed the risk assessment and concurred with that conclusion”

  • compensation committee

    Compensation Committee

    “To illustrate the alignment between compensation and performance, we present realizable pay for our Chairman and CEO compared to the target compensation established by the Board and recommended by the Compensation Commit…”

Performance markers

Metric facts

  • relative tsr

    23rd percentile

    “However, the relative total shareholder return (rTSR) modifier—based on Deere’s percentile ranking versus its performance peer group (made up of a subset of the S&P 500 Industrials as described in the “Performance Peer G…”

  • revenue

    $1 million

    “or exclusion from future incentive compensation awards, both of which are permitted by the terms of the John Deere 2020 Equity and Incentive Plan and the John Deere Short-Term Incentive Bonus Plan, and other forms of dis…”

  • annual incentive payout

    2.0%

    “Awards under the John Deere Short-Term Incentive Bonus Plan are paid in cash based on annual performance metrics.”

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