John Deere CEO John May's 2020 pay jumps 160% to $16M
John Deere reports 2020 executive compensation
By ExecPay News
Published: January 8, 2021
John Deere reported fiscal year 2020 executive compensation information on January 8, 2021.
In 2020, six John Deere executives received on average a compensation package of $7.9M, a 6% decrease compared to previous year.
Average pay of disclosed executives at John Deere
John C. May, Chief Executive Officer, received $16M in total, which increased by 160% compared to 2019. 44% of May's compensation, or $6.9M, was in stock awards. May also received $835K of change in pension value and nonqualified deferred compensation earnings, $3.7M in non-equity incentive plan, $2.6M in option awards, $1.2M in salary, as well as $310K in other compensation.
For fiscal year 2020, the median employee pay was $70,743 at John Deere. Therefore, the ratio of John C. May's pay to the median employee pay was 220 to one.
James M. Field, Former President, Worldwide Construction & Forestry and Power Systems, received a compensation package of $6.8M, which decreased by 32% compared to previous year. 35% of the compensation package, or $2.4M, was in non-equity incentive plan.
Rajesh Kalathur, President, John Deere Financial and Chief Information Officer, earned $6.5M in 2020, a 20% increase compared to previous year.
Mary K. W. Jones, General Counsel, received $6.4M in 2020.
Cory J. Reed, President, Worldwide Agriculture & Turf Division, Production & Precision Agriculture, Americas and Australia, earned $6.2M in 2020, a 22% increase compared to previous year.
Ryan D. Campbell, Chief Financial Officer, received $5.6M in 2020, which increases by 192% compared to 2019.
John Deere's fiscal year ends on October 31.
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Source: SEC filing on January 8, 2021.