Form 4: Trimble Inc. Corporate VP, General Counsel, Jennifer Allison, Reports Stock Option and Restricted Stock Unit Grant
SEC Form 4 Filing
Jennifer Allison, Corporate VP and General Counsel of Trimble Inc., reports the acquisition of stock options and restricted stock units.
Summary
- On March 19, 2024, Jennifer Allison, Corporate VP and General Counsel of Trimble Inc., reported the acquisition of 4,825 Restricted Stock Units and 4,825 Employee Stock Options.
- The restricted stock units vest in three equal annual installments starting April 15, 2024.
- The options also vest in three equal annual installments starting April 15, 2024.
- The options expire on April 15, 2034.
- The exercise price of the employee stock options is $63.47.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock-based compensation to a company executive, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The grant of stock options and restricted stock units incentivizes the executive to improve company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: acquisition of restricted stock units and employee stock options |
| 03/21/2024 | Date of signature on the report |
| 04/15/2024 | Vesting commencement date for restricted stock units and employee stock options |
| 04/15/2027 | Expiration date for restricted stock units |
| 04/15/2034 | Expiration date for employee stock options |
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