Form 4: Trimble Senior VP Peter Large Reports Vesting of Performance Awards and Tax-Related Stock Disposals

Trimble Inc. Senior Vice President Peter Large reported the vesting of performance-based restricted stock awards and subsequent tax-related share disposals, with a portion of the payout reduced by a 'People and Planet modifier'.

Summary

• Peter Large, Senior Vice President of Trimble Inc., reported transactions involving Trimble common stock on May 22, 2025.
• He acquired a total of 634 shares (476 + 158) through the vesting of performance-based restricted stock awards at a price of $0.00 per share.
• These awards were based on Trimble's Annual Recurring Revenue performance and Total Shareholder Return performance.
• A 'People and Planet modifier' of -3.07% was applied, resulting in a final release of 6.93% of the total shares that would have vested.
• Concurrently, 279 shares (209 + 70) were disposed of at a price of $70.76 per share to cover tax withholding obligations related to the vesting.
• Following these transactions, Peter Large beneficially owns 16,915.4966 shares of Trimble Inc. common stock.

Sentiment

Score: 6

Explanation: The filing indicates the vesting of performance-based awards for a Senior Vice President, which is generally positive as it aligns executive interests with company performance. However, a 'People and Planet modifier' resulted in a slight reduction of the payout, introducing a minor negative aspect.

Positives

• Vesting of performance-based restricted stock awards indicates the achievement of certain company performance metrics (Annual Recurring Revenue and Total Shareholder Return).
• The acquisition of 634 shares at $0.00 represents a significant gain for the Senior Vice President, aligning his interests with shareholder value.

Negatives

• A 'People and Planet modifier' of -3.07% was applied, which reduced the final payout of performance awards, indicating a slight underperformance or negative adjustment related to these specific criteria.

Risks

• No specific risks are detailed in this Form 4 filing beyond the inherent risks associated with executive compensation structures tied to performance metrics.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• No direct quotes or paraphrased statements from company management are provided in this Form 4 filing, beyond the signature of Paul Rimas as Attorney-in-Fact for Peter Large.

Industry Context

This Form 4 filing details routine executive compensation transactions and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• This document does not provide sufficient information to compare executive compensation structures or performance metrics against global industry benchmarks or specific comparable companies/projects.

Related Party Transactions

• The transactions involve the vesting of performance awards and subsequent tax-related share disposals between Trimble Inc. and its Senior Vice President, Peter Large, which are standard compensation-related related party transactions.

Stakeholder Impact

• Shareholders: The vesting of performance awards for a Senior Vice President aligns executive incentives with shareholder value, as the awards are tied to company performance metrics like Annual Recurring Revenue and Total Shareholder Return. The reduction due to the 'People and Planet modifier' might reflect specific ESG-related performance.
• Employees: No direct impact on general employees is indicated.

Next Steps

• The document does not outline any specific future actions, events, or milestones beyond the reported transactions.

Key Dates

Recommendation

Keywords

Trimble Inc., TRMB, SEC Form 4, Insider Trading, Stock Vesting, Performance Awards, Executive Compensation, Share Disposal, Tax Withholding, Peter Large, Senior Vice President, Annual Recurring Revenue, Total Shareholder Return, Restricted Stock Units