Deere & Co. Details Executive Pay in DEF 14A Filing

Ticker: DE · Form: DEF 14A · Filed: 2024-01-10T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, corporate-governance

TL;DR

**Deere's DEF 14A details executive compensation, giving investors insight into management incentives.**

AI Summary

Deere & Co. filed a DEF 14A on January 10, 2024, outlining executive compensation details for the fiscal year ending October 29, 2023. This filing provides shareholders with crucial information regarding how the company compensates its top executives, including adjustments for stock awards, option awards, pension values, and equity awards. Understanding these compensation structures is vital for investors as it directly impacts company expenses and can signal management's alignment with shareholder interests, influencing the stock's long-term value.

Why It Matters

This filing provides transparency into how Deere & Co. compensates its executives, which can influence company performance and shareholder returns.

Risk Assessment

Risk Level: low — This is a routine proxy filing providing transparency on executive compensation, not indicating immediate financial risk.

Analyst Insight

Investors should review the full DEF 14A filing to understand the specific details of executive compensation, particularly how performance metrics are tied to equity and stock awards, to assess management's alignment with long-term shareholder value.

Key Players & Entities

DEERE & CO (company) — the filer of the DEF 14A
October 29, 2023 (date) — the end of the fiscal year covered by the compensation data
January 10, 2024 (date) — the filing date of the DEF 14A

FAQ

What type of filing is this document?

This document is a DEF 14A, which is a definitive proxy statement filed by DEERE & CO.

What is the fiscal year-end covered by the compensation information in this filing?

The compensation information in this filing covers the fiscal year ending October 29, 2023, as indicated by the CONFORMED PERIOD OF REPORT and various date ranges within the filing.

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

This DEF 14A filing was submitted to the SEC on January 10, 2024, as indicated by the FILED AS OF DATE.

What specific compensation adjustments are mentioned for the period between October 31, 2022, and October 29, 2023?

The filing mentions adjustments for 'Stock Awards And Option Awards', 'Pension Value', 'Pension Service Cost', 'Equity Values', 'Equity Awards for Year-End Fair Value of Awards Granted in Current Year', 'Equity Awards for Change in Fair Value from Prior Year-End of Awards Granted in Prior Years', and 'Equity Awards for Change in Fair Value from Prior Year-End As Of Vesting Date of Awards That Vested During Current Year' for both PEO and Non-PEO NEO members during the period from October 31, 2022, to October 29, 2023.

What is the Central Index Key (CIK) for DEERE & CO?

The Central Index Key (CIK) for DEERE & CO is 0000315189.

From the Filing

0001558370-24-000170.txt : 20240110 0001558370-24-000170.hdr.sgml : 20240110 20240110093655 ACCESSION NUMBER: 0001558370-24-000170 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 187 CONFORMED PERIOD OF REPORT: 20240228 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEERE & CO CENTRAL INDEX KEY: 0000315189 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 362382580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1029 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-04121 FILM NUMBER: 24525128 BUSINESS ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 BUSINESS PHONE: (309) 765-8000 MAIL ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 DEF 14A 1 de-20240228xdef14a.htm DEF 14A 0000315189 false DEF 14A DEERE & CO 0000315189 6 2022-10-31 2023-10-29 0000315189 5 2022-10-31 2023-10-29 0000315189 4 2022-10-31 2023-10-29 0000315189 3 2022-10-31 2023-10-29 0000315189 2 2022-10-31 2023-10-29 0000315189 1 2022-10-31 2023-10-29 0000315189 2021-11-01 2022-10-30 0000315189 2020-11-02 2021-10-31 0000315189 de:StockAwardsAndOptionAwardsAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:StockAwardsAndOptionAwardsAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:PensionValueAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:PensionValueAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:PensionServiceCostAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:PensionServiceCostAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:EquityValuesAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:EquityValuesAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:EquityAwardsAdjustmentInCompensationTableForYearEndFairValueOfAwardsGrantedInCurrentYearMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:EquityAwardsAdjustmentInCompensationTableForYearEndFairValueOfAwardsGrantedInCurrentYearMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:EquityAwardsAdjustmentInCompensationTableForChangeInFairValueFromPriorYearEndOfAwardsGrantedInPriorYearsMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:EquityAwardsAdjustmentInCompensationTableForChangeInFairValueFromPriorYearEndOfAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:EquityAwardsAdjustmentInCompensationTableForChangeInFairValueFromPriorYearEndAsOfVestingDateOfAwardsThatVestedDuringCurrentYearMember ecd:PeoMember 2022-10-31 2023-10-29 0000315189 de:EquityAwardsAdjustmentInCompensationTableForChangeInFairValueFromPriorYearEndAsOfVestingDateOfAwardsThatVestedDuringCurrentYearMember ecd:NonPeoNeoMember 2022-10-31 2023-10-29 0000315189 de:StockAwardsAndOptionAwardsAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2021-11-01 2022-10-30 0000315189 de:StockAwardsAndOptionAwardsAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2021-11-01 2022-10-30 0000315189 de:PensionServiceCostAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2021-11-01 2022-10-30 0000315189 de:PensionServiceCostAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2021-11-01 2022-10-30 0000315189 de:EquityValuesAdjustmentInCompensationTableForApplicableYearMember ecd:PeoMember 2021-11-01 2022-10-30 0000315189 de:EquityValuesAdjustmentInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2021-11-01 2022-10-30 0000315189 de:EquityAwardsAdjustmentInCompensationTableForYearEndFai