John Deere reports 2018 executive compensation

CEO Samuel R. Allen receives $18.5M

John Deere reported fiscal year 2018 executive compensation information on January 11, 2019.

In 2018, five John Deere executives received on average a compensation package of $7,269,975, a 9% increase compared to previous year.

Average pay of disclosed executives at John Deere

Samuel R. Allen, Chief Executive Officer, received $18,525,667 in total, which increased by 15% compared to 2017. 49.92% of Allen's compensation, or $9,247,170, was in stock awards. Allen also received $286,516 of change in pension value and nonqualified deferred compensation earnings, $3,722,861 in non-equity incentive plan, $3,191,963 in option awards, $1,500,000 in salary, as well as $577,157 in other compensation.

Jean H. Gilles, Senior Vice President, John Deere Power Systems, Worldwide Parts Services, Advanced Technology & Engineering, and Global Supply Management & Logistics, received a compensation package of $4,633,762, which decreased by 1% compared to previous year. 37.55% of the compensation package, or $1,739,879, was in stock awards.

James M. Field, President, Worldwide Ag & Turf Division Global Harvesting & Turf Platforms, Americas & Australia, earned $4,579,597 in 2018, a 4% increase compared to previous year.

Rajesh Kalathur, Chief Financial Officer, received $4,336,851 in 2018, which increases by 7% compared to 2017.

John C. May, President, Agricultural Solutions and Chief Information Officer, earned $4,273,996 in 2018, a 6% increase compared to previous year.

John Deere's fiscal year ends on October 28.