On March 12, 2026, Deere & Company announced the approval of one-time awards of performance-based restricted stock units (PSUs) to its named executive officers and certain senior officers. This decision was made by the Board of Directors upon the recommendation of the Compensation Committee. The grants are set to be executed on or about March 19, 2026, contingent upon the continued employment of the grantees through that date. The PSUs are designed to incentivize long-term business results aligned with the company's strategic goals, particularly the refined Leap Ambitions initiative. The performance metrics for these PSUs will be based on the achievement of pre-established annual Shareholder Value Added (SVA) targets over a five-fiscal year period, commencing November 3, 2025, and concluding on October 27, 2030. The awards will vest based on performance metrics, with no payout unless SVA performance exceeds 90% of the target. The maximum performance level is set at 125% of the target, with a payout percentage ranging from 0% to 175% based on actual performance. This initiative reflects Deere's commitment to aligning executive compensation with shareholder interests and long-term company performance. The PSUs will be forfeited if employment is terminated within the first three years of the performance period, except in cases of death or disability. The announcement is expected to have a small positive effect on the stock price as it demonstrates the company's focus on incentivizing leadership to achieve long-term goals.

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