Deere & Co. DEF 14A: Executive Pay & Shareholder Meeting Details

Ticker: DE · Form: DEF 14A · Filed: Jan 10, 2025 · CIK: 315189

Deere & CO DEF 14A Filing Summary
FieldDetail
CompanyDeere & CO (DE)
Form TypeDEF 14A
Filed DateJan 10, 2025
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$5.0 million, $10.0 million, $51.72 billion, $61.25 billion, $407.93
Sentimentneutral

Sentiment: neutral

Topics: executive-compensation, annual-meeting, proxy-statement

Related Tickers: DE

TL;DR

Deere's DEF 14A is out, detailing exec pay & shareholder meeting info. Focus on stock options and pension costs for FY24.

AI Summary

Deere & Co. filed its DEF 14A on January 10, 2025, detailing executive compensation and annual meeting information for the period ending February 26, 2025. The filing includes compensation details for key executives such as Ryan D. Campbell, Rajesh Kalathur, Joshua Jepsen, John C. May, and Cory J. Reed, with stock options granted on December 13, 2023. It also provides financial data related to equity awards and pension costs for the fiscal year ending October 27, 2024.

Why It Matters

This filing provides crucial transparency into how Deere & Co. compensates its top executives and outlines the agenda for its annual shareholder meeting, impacting investor decisions and corporate governance.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that primarily discloses executive compensation and meeting details, not typically indicative of immediate financial risk.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation, and to provide information about the annual meeting of shareholders.

Who are the key executives mentioned in relation to stock option grants?

The key executives mentioned in relation to stock option grants are Ryan D. Campbell, Rajesh Kalathur, Joshua Jepsen, John C. May, and Cory J. Reed, with grants dated December 13, 2023.

What is the fiscal year end for Deere & Co. as indicated in this filing?

The fiscal year end for Deere & Co. is October 27, 2024, as indicated by the financial data presented for the period.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on January 10, 2025.

What types of financial data related to compensation are highlighted?

The filing highlights data related to the year-end fair value of equity awards granted in covered years outstanding and unvested, as well as pension adjustment service costs for both PEO (Principal Executive Officer) and Non-PEO NEO (Non-Principal Executive Officer Named Executive Officer) categories.

Filing Stats: 4,442 words · 18 min read · ~15 pages · Grade level 13 · Accepted 2025-01-10 11:43:32

Key Financial Figures

Filing Documents

Forward-Looking Statements

Forward-Looking Statements 10

Executive Compensation Highlights

Executive Compensation Highlights 6 Website References 10 Proposal 01—Election of Directors Compensation of Directors 20 Sustainability and Human Capital 31 Corporate Governance 22

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 33 Board Oversight of Risk Management 28 Review and Approval of Related Person Transactions 35 Proposal 02—Advisory Vote on Executive Compensation Compensation Discussion and Analysis 38 Risk Assessment of Compensation Policies and Practices 68

Executive Compensation Table of Contents

Executive Compensation Table of Contents 39 Compensation Committee Report 69 Key Aspects of the 2024 Compensation Program 42

Executive Compensation Tables

Executive Compensation Tables 70 2024 Compensation Overview 45 Pay Ratio Disclosure 81 Direct Compensation Elements 50 Pay Versus Performance Disclosure 82 Indirect Compensation Elements 63 Option Award Disclosure 85 Compensation Methodology and Process 65 Equity Compensation Plan Information 86 Proposal 03—Ratification of INDePendent Registered Public Accounting Firm Audit Review Committee Report 90 Other Matters for Vote Proposal 04—Shareholder Proposal Regarding a Report on Racial and Gender Hiring Statistics 94 Proposal 07—Shareholder Proposal Regarding a Civil Rights Audit 100 Proposal 05—Shareholder Proposal Regarding a Report on the Effectiveness of Efforts to Create a Meritocratic Workplace 96 Proposal 08—Shareholder Proposal Regarding a Report on Charitable Giving 102 Proposal 06—Shareholder Proposal Regarding a Corporate Financial Sustainability Report 98 Additional Information Voting and Meeting Information 104 Other Matters 108 Annual Report 107 2026 Shareholder Proposals and Nominations 108 Electronic Delivery of Deere's Proxy Solicitation Materials 107 Cost of Solicitation 109 Householding Information 108 APPENDIX Appendix A—Director Independence Categorical Standards of Deere & Company Corporate Governance Policies 110 2025 PROXY STATEMENT 1 Table of Contents 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 Proxy summary This summary highlights selected information contained in this Proxy Statement, but it does not contain all the information you should consider. We urge you to read the whole Proxy Statement before you vote. You should also review Deere's Annual Report on Form 10-K for the fiscal year ended October 27, 2024. Deere uses a 52/53 week f

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