Deere’s board approved one-time performance-based restricted stock unit awards under the John Deere 2020 Equity and Incentive Plan, with grants expected on or about March 19, 2026. The awards are earned based on annual Shareholder Value Added targets over a five-fiscal-year period running from November 3, 2025 to October 27, 2030, with time-based vesting through October 27, 2030. For each year, payout is 0% at or below 90% of target and reaches 175% at or above 125% of target. Target award values were set at USD 25 million for John May and USD 5 million for Ryan Campbell. Deanna Kovar also received a target award value of USD 5 million.

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