Trimble (TRMB) SVP Peter Large details stock awards and tax withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trimble Inc. Senior Vice President Peter Large reported equity compensation and related tax withholding transactions in Trimble common stock. On April 15, 2026, he exercised restricted stock units into 6,582 shares of common stock and received additional grants totaling 18,252 shares. The company retained 10,165 shares to cover tax withholding obligations rather than selling them on the market. Following these transactions, he directly holds about 31,317 shares of Trimble common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,582 shares exercised/converted
Mixed
13 txns
Insider
Large Peter
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,298 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,930 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,354 | $0.00 | -- |
| Grant/Award | Common Stock | 13,689 | $66.51 | $910K |
| Tax Withholding | Common Stock | 5,761 | $66.51 | $383K |
| Grant/Award | Common Stock | 4,563 | $66.51 | $303K |
| Tax Withholding | Common Stock | 1,677 | $66.51 | $112K |
| Exercise | Common Stock | 3,298 | $66.51 | $219K |
| Tax Withholding | Common Stock | 1,366 | $66.51 | $91K |
| Exercise | Common Stock | 1,930 | $66.51 | $128K |
| Tax Withholding | Common Stock | 800 | $66.51 | $53K |
| Exercise | Common Stock | 1,354 | $66.51 | $90K |
| Tax Withholding | Common Stock | 561 | $66.51 | $37K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 30,337.217 shares (Direct)
Footnotes (1)
- Each Performance right (ARR) represented a contingent right to receive a share of common stock based upon Trimble's Combined Attainment Factor of 132.83%. Combined Attainment Factor consists of Annual Recurring Revenue performance of 136.43%, Total Shareholder Return of 102.24% and People & Planet modifier of 3.87%. These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability. Each Performance right (TSR) represented a contingent right to receive a share of common stock based upon Trimble's Combined Attainment Factor of 132.83%. Combined Attainment Factor consists of Annual Recurring Revenue performance of 136.43%, Total Shareholder Return of 102.24% and People & Planet modifier of 3.87%. 33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2023. 33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2024. 33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2025.
Key Figures
RSU exercises: 6,582 shares
Stock grant 1: 13,689 shares
Stock grant 2: 4,563 shares
+5 more
8 metrics
RSU exercises
6,582 shares
Restricted Stock Unit exercises into Trimble common stock on April 15, 2026
Stock grant 1
13,689 shares
Common stock grant at $66.51 per share
Stock grant 2
4,563 shares
Additional common stock grant at $66.51 per share
Tax withholding shares
10,165 shares
Shares retained by Trimble to satisfy tax obligations on awards
Implied award price
$66.51 per share
Price per share used for common stock award and withholding entries
Shares held after
31,317.2166 shares
Direct Trimble common stock holding after April 15, 2026 transactions
Performance factor
132.83%
Combined Attainment Factor governing performance rights payout
ARR performance
136.43%
Annual Recurring Revenue component of Combined Attainment Factor
Key Terms
Restricted Stock Unit, Performance right (ARR), Performance right (TSR), Annual Recurring Revenue, +2 more
6 terms
Restricted Stock Unit financial
"Each of several transactions involves a security titled "Restricted Stock Unit"."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance right (ARR) financial
"Each Performance right (ARR) represented a contingent right to receive a share of common stock..."
Performance right (TSR) financial
"Each Performance right (TSR) represented a contingent right to receive a share of common stock..."
Annual Recurring Revenue financial
"Combined Attainment Factor consists of Annual Recurring Revenue performance of 136.43%..."
Annual recurring revenue is the predictable amount of money a company expects to earn each year from ongoing customer subscriptions or contracts. It helps businesses understand how much steady income they can count on, much like a subscription service that charges customers every month or year. This figure is important because it shows the company's stability and growth potential.
tax withholding obligations financial
"These shares were retained by the Company in order to meet the tax withholding obligations..."
FAQ
What insider activity did TRMB executive Peter Large report in this Form 4?
Peter Large reported equity compensation and related tax withholding transactions. He exercised restricted stock units into common shares, received additional stock grants, and had a portion of shares withheld by Trimble to satisfy tax obligations associated with these awards.
Were Peter Large’s TRMB transactions open-market buys or routine equity awards?
The Form 4 shows routine equity award activity, not open-market trading. Codes M, A, and F indicate restricted stock unit exercises, stock grants, and shares withheld by Trimble for taxes rather than discretionary purchases or sales in the open market.
What performance factors affected the Trimble (TRMB) performance rights in this Form 4?
Footnotes explain each performance right was tied to a Combined Attainment Factor of 132.83%. This factor reflects Annual Recurring Revenue performance of 136.43%, Total Shareholder Return of 102.24%, and a People & Planet modifier of 3.87% used for determining shares earned.