Trimble (NASDAQ: TRMB) general counsel gets stock awards; shares withheld for taxes
Rhea-AI Filing Summary
Trimble Inc. Corporate VP and General Counsel Jennifer Allison reported equity compensation activity involving performance-based and time-based stock units. On April 15, 2026, she exercised restricted stock units covering 4,798 shares of common stock and received additional common shares from stock awards.
To cover tax obligations on these vesting events, 6,191 shares were retained by Trimble at a price of $66.51 per share, a non-market tax-withholding disposition. Following these transactions, she directly holds 10,940.889 shares of Trimble common stock.
Footnotes state that certain performance rights paid out based on a Combined Attainment Factor of 132.83%, reflecting Annual Recurring Revenue performance of 136.43%, Total Shareholder Return of 102.24%, and a People & Planet modifier of 3.87%. Some restricted stock units vest in equal annual installments over three years starting on April 15 of 2023, 2024, and 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,779 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,608 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,411 | $0.00 | -- |
| Grant/Award | Common Stock | 7,089 | $66.51 | $471K |
| Tax Withholding | Common Stock | 2,950 | $66.51 | $196K |
| Grant/Award | Common Stock | 2,363 | $66.51 | $157K |
| Tax Withholding | Common Stock | 959 | $66.51 | $64K |
| Exercise | Common Stock | 1,779 | $66.51 | $118K |
| Tax Withholding | Common Stock | 846 | $66.51 | $56K |
| Exercise | Common Stock | 1,608 | $66.51 | $107K |
| Tax Withholding | Common Stock | 765 | $66.51 | $51K |
| Exercise | Common Stock | 1,411 | $66.51 | $94K |
| Tax Withholding | Common Stock | 671 | $66.51 | $45K |
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.