Form 4: Trimble Inc. Executive Peter Large Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Peter Large of Trimble Inc. reports the acquisition and disposal of common stock and restricted stock units on April 15, 2024.
Summary
- On April 15, 2024, Peter Large, a Senior Vice President at Trimble Inc., engaged in transactions involving the company's stock.
- Large acquired 3,435 shares of common stock at a price of $60.54.
- He also acquired 2,926 shares of common stock at a price of $60.54.
- Concurrently, Large disposed of 1,336 shares and 1,076 shares for tax purposes at $60.54.
- These transactions involved the vesting of restricted stock units, with 33.3% vesting annually over three years from April 15, 2023, and April 15, 2022, respectively.
- Following these transactions, Large directly owns 9,666.8751 shares of Trimble Inc. common stock and 2,926 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The vesting of restricted stock units indicates that the executive is meeting performance or time-based milestones set by the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/15/2022 | Vest commencement date for 33.3% of 2,926 restricted stock units vesting annually over 3 years. |
| 04/15/2023 | Vest commencement date for 33.3% of 3,435 restricted stock units vesting annually over 3 years. |
| 04/15/2024 | Date of stock transactions: acquisition and disposal of common stock and vesting of 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 for the Form 4 filing. |
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