DEERE & CO 8-K

What Happened Deere & Company (DE) filed an 8-K (Item 5.02) reporting that on April 28, 2026 its board elected T. Brent Norwood, age 44, as Senior Vice President and Chief Financial Officer (principal financial and accounting officer), effective May 1, 2026. Mr. Norwood replaces Ryan D. Campbell, who was acting CFO and will continue as President, Worldwide Construction & Forestry and Power Systems. The company also issued a press release on May 1, 2026 announcing the appointment (Item 7.01).

Key Details

• Effective date: May 1, 2026; board election occurred April 28, 2026.
• Compensation: annualized salary of $925,000 and continued participation in the short-term incentive plan with a 100% target award.
• Equity award: one-time grant of 8,809 performance-based restricted stock units (PSUs) on May 1, 2026, earned subject to performance goals and time-based vesting through October 27, 2030.
• Background: Norwood has been with Deere since 2013 and served as VP & Finance Director, Construction & Forestry and Power Systems since October 2023; prior Deere roles include Director, Investor Relations (2022–2023) and Manager, Investor Communications (2018–2022). No related-party transactions or family relationships requiring disclosure were reported.

Why It Matters A permanent CFO appointment matters for financial leadership and investor confidence. Norwood is an internal hire with multi-year Deere finance and investor-relations experience, suggesting continuity in financial reporting and investor communications. The compensation package (salary, incentive target, and PSU grant) signals alignment with company performance goals and will have standard dilution and long-term incentive implications disclosed in prior filings. The former acting CFO, Ryan Campbell, returns full-time to operational leadership in Construction & Forestry and Power Systems.