Trimble (NASDAQ: TRMB) CEO sells 7,500 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trimble Inc. President & CEO Robert G. Painter reported a mix of stock awards, vesting, and a small planned share sale. On April 14, 2026, he sold 7,500 shares of common stock at $66.94 per share under a Rule 10b5-1 sale plan.
On April 15, 2026, multiple restricted stock unit awards vested and were converted into common shares, while the company retained shares to cover tax withholding obligations. After these transactions, he directly held 146,190.2039 common shares and indirectly held 210,846 shares through the Painter Family Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,500 shares ($502,050)
Net Sell
15 txns
Insider
PAINTER ROBERT G
Role
President & CEO
Sold
7,500 shs ($502K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 19,631 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 16,085 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 15,284 | $0.00 | -- |
| Grant/Award | Common Stock | 140,809 | $66.51 | $9.37M |
| Tax Withholding | Common Stock | 61,604 | $66.51 | $4.10M |
| Grant/Award | Common Stock | 46,937 | $66.51 | $3.12M |
| Tax Withholding | Common Stock | 20,535 | $66.51 | $1.37M |
| Exercise | Common Stock | 19,631 | $66.51 | $1.31M |
| Tax Withholding | Common Stock | 8,589 | $66.51 | $571K |
| Exercise | Common Stock | 16,085 | $66.51 | $1.07M |
| Tax Withholding | Common Stock | 7,038 | $66.51 | $468K |
| Exercise | Common Stock | 15,284 | $66.51 | $1.02M |
| Tax Withholding | Common Stock | 6,687 | $66.51 | $445K |
| Sale | Common Stock | 7,500 | $66.94 | $502K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 152,706.204 shares (Direct);
Common Stock — 210,846 shares (Indirect, Painter Family Irrevocable Trust)
Footnotes (1)
- The sale was effected by Mr. Painter pursuant to a rule 10b5-1 sale plan effective February 20, 2025. 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
Open-market sale: 7,500 shares at $66.94
Tax withholding shares: 104,453 shares
RSU grant acquisition: 140,809 shares at $66.51
+5 more
8 metrics
Open-market sale
7,500 shares at $66.94
Common stock sold on April 14, 2026 under Rule 10b5-1 plan
Tax withholding shares
104,453 shares
Common shares retained by company to satisfy tax obligations
RSU grant acquisition
140,809 shares at $66.51
Common stock grant/award acquisition on April 15, 2026
Additional RSU grant
46,937 shares at $66.51
Second common stock grant/award acquisition on April 15, 2026
Direct holdings after transactions
146,190.2039 shares
Common stock directly owned by CEO following reported activity
Indirect trust holdings
210,846 shares
Common stock held via Painter Family Irrevocable Trust
Combined Attainment Factor
132.83%
Performance right payout factor based on ARR, TSR, People & Planet metrics
Annual Recurring Revenue performance
136.43%
Component of Combined Attainment Factor for performance rights
Key Terms
Rule 10b5-1 sale plan, restricted stock units, Performance right (ARR), Performance right (TSR), +2 more
6 terms
Rule 10b5-1 sale plan financial
"The sale was effected by Mr. Painter pursuant to a rule 10b5-1 sale plan effective February 20, 2025."
restricted stock units financial
"33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2023."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance right (ARR) financial
"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%."
Performance right (TSR) financial
"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 financial
"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%."
tax withholding obligations financial
"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."
FAQ
What insider transactions did Trimble (TRMB) CEO Robert G. Painter report?
Robert G. Painter reported RSU vesting, related tax withholding, and a small open-market sale. He sold 7,500 Trimble shares at $66.94 each and received common shares from vested restricted stock units, with part of those shares withheld to satisfy tax obligations.
What happened to the Trimble (TRMB) restricted stock units reported in this Form 4?
Several restricted stock unit awards converted into common shares on April 15, 2026. The company retained 104,453 shares to meet the CEO’s tax withholding obligations, while the remaining shares from those awards increased his direct common stock holdings.
What is the Combined Attainment Factor referenced in the Trimble (TRMB) Form 4 footnotes?
The Combined Attainment Factor of 132.83% determines payout for certain performance rights. It is based on Annual Recurring Revenue performance of 136.43%, Total Shareholder Return of 102.24%, and a People & Planet modifier of 3.87%, as described in the footnotes.