John Deere CEO John May's 2021 pay jumps 28% to $20M
John Deere reports 2021 executive compensation
By ExecPay News
Published: January 7, 2022
John Deere reported fiscal year 2021 executive compensation information on January 7, 2022.
In 2021, five John Deere executives received on average a compensation package of $9.2M, a 18% increase compared to previous year.
Average pay of disclosed executives at John Deere
John C. May, Chief Executive Officer, received $20M in total, which increased by 28% compared to 2020. 40% of May's compensation, or $8.1M, was in non-equity incentive plan. May also received $742K of change in pension value and nonqualified deferred compensation earnings, $3.3M in option awards, $1.4M in salary, $6M in stock awards, as well as $396K in other compensation.
For fiscal year 2021, the median employee pay was $82,240 at John Deere. Therefore, the ratio of John C. May's pay to the median employee pay was 242 to one.
Marc A. Howze, Chief Administrative Officer, received a compensation package of $6.8M. 46% of the compensation package, or $3.1M, was in non-equity incentive plan.
Ryan D. Campbell, Chief Financial Officer, earned $6.7M in 2021, a 20% increase compared to previous year.
Cory J. Reed, President, Worldwide Agriculture & Turf Division, Production & Precision Agriculture, Americas and Australia, received $6.4M in 2021, which increases by 4% compared to 2020.
Rajesh Kalathur, President, John Deere Financial and Chief Information Officer, earned $6.3M in 2021, a 3% decrease compared to previous year.
John Deere's fiscal year ends on October 31.
Related executives
John May
John Deere
Chief Executive Officer
Ryan Campbell
John Deere
Chief Financial Officer
Marc Howze
John Deere
Chief Administrative Officer
Rajesh Kalathur
John Deere
President, John Deere Financial and Chief Information Officer
Cory Reed
John Deere
President, Worldwide Agriculture & Turf Division, Production & Precision Agriculture, Americas and Australia
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Source: SEC filing on January 7, 2022.