8-KLeadership ChangesRegulation FDExhibits & Filings

DEERE & CO 8-K Report, Executive Changes (May 1, 2026)

Filed May 1, 2026For Securities:DE

Summary

Deere & Company (DE) has announced a key leadership change, appointing T. Brent Norwood as its new Senior Vice President and Chief Financial Officer (CFO), effective May 1, 2026. This appointment marks a significant step in the company's financial leadership, with Mr. Norwood bringing extensive experience from within Deere, including his recent role as Vice President & Finance Director for Construction & Forestry and Power Systems. His background also includes valuable experience in investor relations and corporate development, as well as prior roles in equity research and portfolio analysis, which should provide a strong foundation for his new responsibilities. Mr. Norwood's compensation package includes an annualized salary of $925,000, a target short-term incentive of 100% of base salary, and a one-time award of performance-based and time-based restricted stock units (PSUs). The company has confirmed no family relationships or disclosable related-party transactions involving Mr. Norwood. This transition sees the previous acting CFO, Ryan D. Campbell, returning to his leadership roles in Worldwide Construction & Forestry and Power Systems, ensuring continuity in those critical business segments.

Key Highlights

  • 1T. Brent Norwood appointed as Senior Vice President and Chief Financial Officer (CFO), effective May 1, 2026.
  • 2Mr. Norwood's prior roles at Deere include Vice President & Finance Director, Director of Investor Relations, and Manager of Investor Communications.
  • 3New CFO's compensation includes a $925,000 annual salary and a target bonus of 100% of base salary.
  • 4Mr. Norwood will receive a one-time award of performance-based (PSUs) and time-based restricted stock units.
  • 5Ryan D. Campbell transitions from acting CFO back to President, Worldwide Construction & Forestry and Power Systems.
  • 6No disclosed family relationships or related-party transactions between Mr. Norwood and Deere.
  • 7The appointment was accompanied by a press release filed as Exhibit 99.1.

Frequently Asked Questions

T. Brent Norwood has been elected as the new Senior Vice President and Chief Financial Officer (CFO) of Deere & Company, effective May 1, 2026.

Mr. Norwood has a strong internal track record at Deere, having served as Vice President & Finance Director for Construction & Forestry and Power Systems since October 2023. His previous roles include Director of Investor Relations, Manager of Investor Communications, and various positions in global marketing operations and corporate business development. He also has prior experience as an equity research analyst and portfolio analyst.

Mr. Norwood will receive an annualized salary of $925,000. He is also eligible for a short-term incentive plan with a target award of 100% of his base salary. Additionally, he will receive a one-time award of 8,809 performance-based restricted stock units (PSUs) with time-based vesting.

Ryan D. Campbell, who was the acting CFO, will continue in his roles as President, Worldwide Construction & Forestry and Power Systems for the Company, ensuring continuity in those key operational areas.