Form 4: Trimble Inc. CEO Robert Painter Reports Stock Transactions
SEC Form 4 Filing
Robert G. Painter, President & CEO of Trimble Inc., reports the vesting and subsequent sale of restricted stock units on May 15, 2024.
Summary
- On May 15, 2024, Robert G. Painter, the President & CEO of Trimble Inc., executed transactions involving the company's common stock and restricted stock units.
- Specifically, 16,872 restricted stock units vested and were converted into common stock.
- Following the vesting, 7,382 shares were disposed of to cover tax obligations at a price of $57.09 per share.
- After these transactions, Painter directly owns 217,252.2039 shares of Trimble Inc. common stock and indirectly owns 45,346 shares through the Painter Family Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2021 | Vest commencement date for restricted stock units, vesting 33.3% annually over 3 years. |
| 05/15/2024 | Date of transaction: vesting of restricted stock units and subsequent sale of shares. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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