James A. Kirkland - 15 May 2021 Form 4 Insider Report for TRIMBLE INC. (TRMB)

Role: Senior Vice President
Signature: /s/ Paul Rimas, as Attorney-in-Fact
Issuer symbol: TRMB
Transactions as of: 15 May 2021
Net transactions value: -$593,387
Form type: 4
Filing time: 18 May 2021, 20:16:15 UTC
Previous filing: 12 May 2021
Next filing: 20 Aug 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	+10,734	+18%	$0.000000	69,376	15 May 2021	Direct	F1, F2
transaction	TRMB	Common Stock	Tax liability	$406,122	-5,322	-7.7%	$76.31	64,054	15 May 2021	Direct	F3
transaction	TRMB	Common Stock	Options Exercise	$0	+5,194	+8.1%	$0.000000	69,248	15 May 2021	Direct
transaction	TRMB	Common Stock	Tax liability	$187,265	-2,454	-3.5%	$76.31	66,794	15 May 2021	Direct	F3
holding	TRMB	Common Stock						1,167	15 May 2021	As Custodian

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TRMB	Restricted Stock Units	Options Exercise	$0	-5,194	-33%	$0.000000	10,546	15 May 2021	Common Stock	5,194	$0.000000	Direct	F4, F5

* 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	Includes 234.040 shares acquired under the Employee Stock Purchase Plan on February 28, 2021.
F3	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.
F4	Each restricted stock unit represents a contingent right to receive one share of Trimble Inc. common stock.
F5	33.3% of these restricted stock units will vest annually over a 3-year period from vest commencement date.