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

Role
Senior Vice President
Signature
/s/ Paul Rimas, as Attorney-in-Fact
Stock symbol
TRMB
Transactions as of
May 15, 2021
Transactions value $
-$593,387
Form type
4
Date filed
5/18/2021, 08:16 PM
Previous filing
May 12, 2021
Next filing
Aug 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRMB Common Stock Award $0 +10.7K +18.3% $0.00 69.4K May 15, 2021 Direct F1, F2
transaction TRMB Common Stock Tax liability -$406K -5.32K -7.67% $76.31 64.1K May 15, 2021 Direct F3
transaction TRMB Common Stock Options Exercise $0 +5.19K +8.11% $0.00 69.2K May 15, 2021 Direct
transaction TRMB Common Stock Tax liability -$187K -2.45K -3.54% $76.31 66.8K May 15, 2021 Direct F3
holding TRMB Common Stock 1.17K May 15, 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 -5.19K -33% $0.00 10.5K May 15, 2021 Common Stock 5.19K $0.00 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.