Form 4: Trimble Inc. CEO Robert Painter Reports Stock Transactions
SEC Form 4 Filing
Robert G. Painter, President & CEO of Trimble Inc., reports the acquisition and disposal of common stock and restricted stock units on April 15, 2024.
Summary
- On April 15, 2024, Robert G. Painter, the President & CEO of Trimble Inc., engaged in transactions involving the company's common stock and restricted stock units.
- Painter acquired 23,406 shares of common stock at a price of $60.54 per share through the exercise of restricted stock units that vest from April 15, 2022.
- He also acquired 19,631 shares of common stock at a price of $60.54 per share through the exercise of restricted stock units that vest from April 15, 2023.
- Simultaneously, Painter disposed of 10,241 shares and 8,589 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
- Following these transactions, Painter directly owns 207,762.2039 shares of common stock and indirectly owns 45,346 shares through the Painter Family Irrevocable Trust.
- He also directly owns 39,262 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It doesn't necessarily reflect a broader industry trend but rather individual executive actions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/15/2022 | Vest commencement date for 33.3% of 23,406 restricted stock units, vesting annually over 3 years. |
| 04/15/2023 | Vest commencement date for 33.3% of 19,631 restricted stock units, vesting annually over 3 years. |
| 04/15/2024 | Date of stock transactions: acquisition and disposal of common stock and restricted stock units. |
| 04/15/2025 | Expiration date for restricted stock units. |
| 04/15/2026 | Expiration date for restricted stock units. |
| 04/17/2024 | Date of signature by Attorney-in-Fact. |
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