Management ChangeMar 29, 2026, 07:52 PM
Deere & Company Grants Performance-Based Restricted Stock Units to Named Executive Officers
AI Summary
Deere & Company's Board of Directors approved one-time grants of performance-based restricted stock units (PSUs) to named executive officers and certain other senior officers. The PSUs are designed to incentivize long-term business results aligned with the company's Leap Ambitions and promote retention, with vesting contingent on performance against Shareholder Value Added (SVA) targets over a five-year period.
Key Highlights
- PSUs are earned based on performance and subject to time-based vesting through October 27, 2030.
- Performance is measured against annual Shareholder Value Added (SVA) targets during a five-fiscal year period.
- Payout percentage for each Performance Year will range from zero to 125% of the applicable SVA target.
Price Impact
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