Trimble (TRMB) senior VP adds stock through RSU and performance awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trimble Inc. senior vice president of transportation Christopher F. Keating reported equity compensation activity involving restricted stock units and performance-based awards. On April 15, 2026, he exercised derivative awards covering 5,767 restricted stock units, receiving an equal number of common shares at a conversion price of $0 per share.
He also received common stock grants of 7,334 and 2,444 shares, while the company retained 5,616 shares to satisfy tax withholding obligations at $66.51 per share, a non-market, non-discretionary disposition. The filing shows he directly holds about 10,494.03 shares of Trimble common stock after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,767 shares exercised/converted
Mixed
13 txns
Insider
Keating Christopher F
Role
Sr. VP Transportation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,841 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,810 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,116 | $0.00 | -- |
| Grant/Award | Common Stock | 7,334 | $66.51 | $488K |
| Tax Withholding | Common Stock | 2,389 | $66.51 | $159K |
| Grant/Award | Common Stock | 2,444 | $66.51 | $163K |
| Tax Withholding | Common Stock | 703 | $66.51 | $47K |
| Exercise | Common Stock | 1,841 | $66.51 | $122K |
| Tax Withholding | Common Stock | 806 | $66.51 | $54K |
| Exercise | Common Stock | 1,810 | $66.51 | $120K |
| Tax Withholding | Common Stock | 792 | $66.51 | $53K |
| Exercise | Common Stock | 2,116 | $66.51 | $141K |
| Tax Withholding | Common Stock | 926 | $66.51 | $62K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 7,899.03 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
RSUs exercised: 5,767 shares
Shares withheld for taxes: 5,616 shares
Post-transaction holding: 10,494.03 shares
+5 more
8 metrics
RSUs exercised
5,767 shares
Derivative exercises (M code) on April 15, 2026
Shares withheld for taxes
5,616 shares
Tax withholding dispositions (F code) at $66.51 per share
Post-transaction holding
10,494.03 shares
Common stock directly held after all reported transactions
Award grant price reference
$66.51 per share
Price used for common stock awards and tax withholding
Combined Attainment Factor
132.83%
Determines performance right share payout
ARR performance
136.43%
Component of Combined Attainment Factor for performance rights
Total Shareholder Return
102.24%
Component of Combined Attainment Factor for performance rights
People & Planet modifier
3.87%
Component of Combined Attainment Factor for performance rights
Key Terms
Restricted Stock Unit, Performance right (ARR), Combined Attainment Factor, Annual Recurring Revenue, +2 more
6 terms
Restricted Stock Unit financial
"Each of these transactions involves a Restricted Stock Unit converting into common stock."
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."
Combined Attainment Factor financial
"Trimble's Combined Attainment Factor of 132.83% determined the performance right payout."
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
"Shares were retained by the Company to meet the tax withholding obligations of the award-holder."
FAQ
What did Trimble (TRMB) executive Christopher Keating report in this Form 4?
Christopher F. Keating reported equity compensation activity, not open-market trading. He exercised restricted stock units into common shares, received additional stock grants, and had shares withheld by Trimble to cover tax obligations related to these awards and vesting events.
How many Trimble (TRMB) restricted stock units did Christopher Keating exercise?
He exercised derivative awards covering 5,767 restricted stock units, each converting into one share of Trimble common stock at a conversion price of $0. These units reflect previously granted equity compensation that vested based on performance and time-based conditions.
How were Trimble (TRMB) performance rights for Christopher Keating determined?
Each performance right represented a contingent right to one share of common stock, based on 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%.
What are the vesting schedules for Christopher Keating’s Trimble (TRMB) restricted stock units?
Certain restricted stock units vest in equal 33.3% installments annually over three years. One award vests from a commencement date of April 15, 2023, another from April 15, 2024, and a third from April 15, 2025, subject to continued service and plan terms.