Steven W. Berglund - 15 May 2021 Form 4 Insider Report for TRIMBLE INC. (TRMB)

Role
Director
Signature
/s/ James A Kirkland, as Attorney-in-Fact
Issuer symbol
TRMB
Transactions as of
15 May 2021
Net transactions value
-$5,063,626
Form type
4
Filing time
18 May 2021, 20:14:44 UTC
Next filing
01 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRMB Common Stock Award $0 +133,835 +188% $0.000000 205,051 15 May 2021 Direct F1
transaction TRMB Common Stock Tax liability $5,063,626 -66,356 -32% $76.31 138,695 15 May 2021 Direct F2
holding TRMB Common Stock 75,000 15 May 2021 Steven W. Berglund Grantor Retained Annuity Trust.
holding TRMB Common Stock 395,902 15 May 2021 The Berglund Family 1991 Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance right represented a contingent right to receive a share of common stock based upon Trimble's financial performance. The Compensation Committee certified that the payout for this award would be 138.23% (out of a possible 200%) of the target to the reporting person based on the degree to which Trimble performed.
F2 These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.