STEVEN W. BERGLUND - 14 Feb 2022 Form 4 Insider Report for TRIMBLE INC. (TRMB)

Signature
/s/ James A Kirkland, as Attorney-in-Fact
Issuer symbol
TRMB
Transactions as of
14 Feb 2022
Transactions value $
-$5,976,833
Form type
4
Filing time
16 Feb 2022, 17:24:06 UTC
Previous filing
20 Jan 2022
Next filing
27 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRMB Comnon Stock Award $0 +168K +142.88% $0.00 286K 14 Feb 2022 Direct F1
transaction TRMB Comnon Stock Tax liability -$5.49M -83.4K -29.17% $65.85 202K 14 Feb 2022 Direct F2
transaction TRMB Common Stock Options Exercise $0 +15.1K +7.44% $0.00 218K 15 Feb 2022 Direct
transaction TRMB Comnon Stock Tax liability -$487K -7.12K -3.27% $68.36 210K 15 Feb 2022 Direct

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 -15.1K -33% $0.00 30.6K 15 Feb 2022 Common Stock 15.1K $0.00 Direct F3, F4
* 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.
F3 Each restricted stock unit represents a contingent right to receive one share of Trimble Inc common stock.
F4 33% of these restricted stock units will vest annually over a 3 year period from Vesting commencement date of February 15, 2021