John Deere CEO Samuel Allen's 2019 pay rises 17% to $22M
John Deere reports 2019 executive compensation
By ExecPay News
Published: January 10, 2020
John Deere reported fiscal year 2019 executive compensation information on January 10, 2020.
In 2019, six John Deere executives received on average a compensation package of $8.4M, a 15% increase compared to previous year.
Average pay of disclosed executives at John Deere
Samuel R. Allen, Chief Executive Officer, received $22M in total, which increased by 17% compared to 2018. 42% of Allen's compensation, or $9.1M, was in stock awards. Allen also received $3.4M of change in pension value and nonqualified deferred compensation earnings, $3.8M in non-equity incentive plan, $3.2M in option awards, $1.6M in salary, as well as $625K in other compensation.
For fiscal year 2019, the median employee pay was $80,267 at John Deere. Therefore, the ratio of Samuel R. Allen's pay to the median employee pay was 270 to one.
James M. Field, President, Worldwide Construction Forestry and Power Systems, received a compensation package of $10M, which increased by 120% compared to previous year. 57% of the compensation package, or $5.8M, was in stock awards.
John C. May, Chief Operating Officer, earned $6M in 2019, a 41% increase compared to previous year.
Rajesh Kalathur, President, John Deere Financial and Chief Information Officer, received $5.4M in 2019, which increases by 25% compared to 2018.
Cory J. Reed, President, Worldwide Agriculture & Turf Division: Americas and Australia Global Harvesting and Turf Platforms and Ag Solutions, earned $5.1M in 2019.
Ryan D. Campbell, Chief Financial Officer, received $1.9M in 2019.
John Deere's fiscal year ends on October 31.
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Samuel Allen
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Ryan Campbell
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Chief Financial Officer
Rajesh Kalathur
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President, John Deere Financial and Chief Information Officer
James Field
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Former President, Worldwide Construction & Forestry and Power Systems
John May
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Source: SEC filing on January 10, 2020.