Form 4: Trimble Inc. Executive Peter Large Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Peter Large reports acquisition and disposal of Trimble Inc. common stock related to performance rights and tax obligations.
Summary
- Peter Large, a Senior Vice President at Trimble Inc., reported transactions involving the company's common stock.
- On April 10, 2025, Large acquired 6,181 shares of common stock related to performance rights based on Trimble's Annual Recurring Revenue performance.
- These performance rights resulted in a payout rate of 156.5% of the target, with 90% currently released to the reporting person.
- Also on April 10, 2025, Large acquired 2,044 shares of common stock related to performance rights based on Trimble's Total Shareholder Return performance.
- These performance rights resulted in a payout rate of 51.8% of the target, with 90% currently released to the reporting person.
- 2,272 shares were disposed of to cover tax withholding obligations at a price of $61.49.
- An additional 784 shares were disposed of to cover tax withholding obligations at a price of $61.49.
- Following these transactions, Large beneficially owns 14,673.4966 shares of Trimble Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. The vesting of performance rights suggests the company met certain performance targets, which is mildly positive.
Positives
- The vesting of performance rights indicates that Trimble achieved certain performance targets related to Annual Recurring Revenue and Total Shareholder Return.
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 have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | 140.0790 shares acquired under the Amended and Restated Employee Stock Purchase Plan. |
| 02/28/2025 | 144.5425 shares acquired under the Amended and Restated Employee Stock Purchase Plan. |
| 04/08/2025 | Date of signature by Attorney-in-Fact. |
| 04/10/2025 | Date of stock transactions: acquisition and disposal of shares. |
Keywords
Trimble Inc., Peter Large, Form 4, Stock Transactions, Beneficial Ownership, Performance Rights, Tax Withholding, TRMB
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