Form 4: Trimble Inc. Executive Mark David Schwartz Reports Stock Transactions
SEC Form 4 Filing
Senior VP Mark David Schwartz of Trimble Inc. reports acquisition and disposal of common stock and restricted stock units on May 15, 2024.
Summary
- On May 15, 2024, Mark David Schwartz, Senior VP of Trimble Inc., engaged in transactions involving the company's stock.
- Schwartz acquired 1,413 shares of common stock upon the vesting of restricted stock units at a price of $57.09.
- Concurrently, Schwartz disposed of 520 shares to cover tax obligations at the same price of $57.09.
- Following these transactions, Schwartz directly owns 11,158.2648 shares of Trimble Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It's a neutral disclosure.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock. It reflects standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine stock activity by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/15/2021 | Vest commencement date for restricted stock units, with 33.3% vesting annually over 3 years. |
| 05/15/2024 | Date of stock acquisition and disposal transactions. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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