Form 4: Trimble Inc. CEO Transfers Shares to Family Trust
SEC Form 4 Filing
Robert G. Painter, CEO of Trimble Inc., transferred 45,346 shares of common stock to the Painter Family Irrevocable Trust on March 4, 2024.
Summary
- On March 4, 2024, Robert G. Painter, the President and CEO of Trimble Inc., transferred 45,346 shares of Trimble Inc. common stock to the Painter Family Irrevocable Trust.
- The transfer was made for no consideration.
- Following the transaction, Mr. Painter directly owns 190,555.2039 shares of Trimble Inc. common stock.
- The Painter Family Irrevocable Trust now holds 45,346 shares of Trimble Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transfer of shares to a family trust, which is neither particularly positive nor negative from an investment perspective.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a strategic shift or material event for Trimble Inc.
Related Party Transactions
- The transfer of shares to the Painter Family Irrevocable Trust constitutes a related party transaction.
Stakeholder Impact
- The transfer of shares is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/22/2021 | Effective date of the Painter Family Irrevocable Trust |
| 03/04/2024 | Date of share transfer to the Painter Family Irrevocable Trust |
| 03/06/2024 | Date of signature on the Form 4 filing |
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