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

Role
Director
Signature
/s/ James A Kirkland, as Attorney-in-Fact
Stock symbol
TRMB
Transactions as of
May 15, 2021
Transactions value $
-$5,063,626
Form type
4
Date filed
5/18/2021, 08:14 PM
Next filing
Jun 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRMB Common Stock Award $0 +134K +187.93% $0.00 205K May 15, 2021 Direct F1
transaction TRMB Common Stock Tax liability -$5.06M -66.4K -32.36% $76.31 139K May 15, 2021 Direct F2
holding TRMB Common Stock 75K May 15, 2021 Steven W. Berglund Grantor Retained Annuity Trust.
holding TRMB Common Stock 396K May 15, 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.