Form 4: Trimble Inc. Executive Mark David Schwartz Reports Changes in Beneficial Ownership
SEC Form 4
Mark David Schwartz, Senior VP at Trimble Inc., reports transactions involving common stock and restricted stock units on April 15, 2025.
Summary
- On April 15, 2025, Mark David Schwartz, a Senior VP at Trimble Inc., reported changes in beneficial ownership of the company's securities.
- The transactions involved the acquisition and disposition of common stock and restricted stock units.
- Schwartz acquired common stock through the vesting of restricted stock units at a price of $59.49.
- He also disposed of common stock to cover tax obligations related to the vesting of these units at a price of $59.49.
- Following these transactions, Schwartz directly owns 23,651.2667 shares of Trimble Inc. common stock.
- He also holds 0 restricted stock units that vest on 04/15/2025, 2,700 restricted stock units that vest on 04/15/2026 and 12,064 restricted stock units that vest on 04/15/2027.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting standard executive compensation practices and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 04/15/2022 | Vest commencement date for 33.3% of 1,890 restricted stock units vesting annually over 3 years. |
| 04/15/2023 | Vest commencement date for 33.3% of 2,699 restricted stock units vesting annually over 3 years. |
| 04/15/2024 | Vest commencement date for 33.3% of 6,032 restricted stock units vesting annually over 3 years. |
| 04/15/2025 | Date of earliest transaction; vesting of restricted stock units and subsequent sale of shares for tax obligations. |
| 04/15/2026 | Expiration date for 2,699 restricted stock units. |
| 04/15/2027 | Expiration date for 6,032 restricted stock units. |
| 04/17/2025 | Date of signature by Attorney-in-Fact. |
Keywords
beneficial ownership, Form 4, Trimble Inc., TRMB, Mark David Schwartz, restricted stock units, common stock, insider trading
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