Deere CEO Compensation Up 35% In 2011

Deere & Co. said Chairman and Chief Executive Samuel Allen’s compensation for the company’s 2011 fiscal year rose 35% from increases in stock grants and performance-based awards. Allen’s base salary, executive perks, stock and options and other types of compensation totaled $16.57 million for the year ended Oct. 31, 2011, compared with $12.29 million for the previous year, according to a regulatory filing with the U.S. Securities and Exchange Commission.

Allen’s base salary increased 4.6% to $1.25 million, while his performance-based cash awards increased nearly 15% to $6.04 million, as the company recorded a record profit last year.