Robert G. Painter - Feb 14, 2022 Form 4 Insider Report for TRIMBLE INC. (TRMB)

Role
President & CEO, Director
Signature
James A. Kirkland, as Attorney-in-Fact
Stock symbol
TRMB
Transactions as of
Feb 14, 2022
Transactions value $
-$923,085
Form type
4
Date filed
2/16/2022, 05:21 PM
Previous filing
Jan 20, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRMB Common Stock Award $0 +33K +34.23% $0.00 129K Feb 14, 2022 Direct F1
transaction TRMB Common Stock Tax liability -$923K -14K -10.84% $65.85 115K Feb 14, 2022 Direct F2
* 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 on February 14, 2022 that the payout for this award would be 123.39% 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.