Darryl R. Matthews - May 31, 2023 Form 4 Insider Report for TRIMBLE INC. (TRMB)

Role
SVP & Sector Head
Signature
/s/ Paul Rimas, as Attorney-in-Fact
Stock symbol
TRMB
Transactions as of
May 31, 2023
Transactions value $
-$240,537
Form type
4
Date filed
6/2/2023, 04:28 PM
Previous filing
May 17, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRMB Common Stock Award $0 +13.3K +27.82% $0.00 61.3K May 31, 2023 Direct F1
transaction TRMB Common Stock Tax liability -$241K -5.15K -8.41% $46.67 56.1K May 31, 2023 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 TSR performance. The Compensation Committee certified on May 31, 2023 that the payout for this award would be 162.440% 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.