Trimble (NASDAQ: TRMB) SVP sells 16,725 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trimble Inc. Senior VP Mark David Schwartz reported multiple equity transactions in April 2026. On April 16, he completed open-market sales of 16,725 shares of Trimble common stock at $67.01 per share under a Rule 10b5-1 sale plan, leaving 19,667.7522 shares held directly.
On April 15, several restricted stock unit awards vested and were converted into common stock at a $0.00 exercise price, with 14,728 shares exercised. As part of these vestings, 12,345 shares were withheld by Trimble to cover tax obligations related to the awards, while additional common shares were granted as compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,725 shares ($1,120,742)
Net Sell
15 txns
Insider
SCHWARTZ MARK DAVID
Role
Senior VP, AECO
Sold
16,725 shs ($1.12M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,442 | $67.01 | $566K |
| Sale | Common Stock | 8,283 | $67.01 | $555K |
| Exercise | Restricted Stock Unit | 2,700 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 6,032 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 5,996 | $0.00 | -- |
| Grant/Award | Common Stock | 10,757 | $66.51 | $715K |
| Tax Withholding | Common Stock | 4,582 | $66.51 | $305K |
| Grant/Award | Common Stock | 3,585 | $66.51 | $238K |
| Tax Withholding | Common Stock | 1,318 | $66.51 | $88K |
| Exercise | Common Stock | 2,700 | $66.51 | $180K |
| Tax Withholding | Common Stock | 1,182 | $66.51 | $79K |
| Exercise | Common Stock | 6,032 | $66.51 | $401K |
| Tax Withholding | Common Stock | 2,639 | $66.51 | $176K |
| Exercise | Common Stock | 5,996 | $66.51 | $399K |
| Tax Withholding | Common Stock | 2,624 | $66.51 | $175K |
Holdings After Transaction:
Common Stock — 27,950.752 shares (Direct);
Restricted Stock Unit — 0 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%. The sale was effected by Mr. Schwartz to a rule 10b5-1 sale plan effective November 7, 2025. 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
Shares sold: 16,725 shares
Sale price: $67.01 per share
Post-transaction holdings: 19,667.7522 shares
+4 more
7 metrics
Shares sold
16,725 shares
Open-market sales on April 16, 2026 at $67.01 per share
Sale price
$67.01 per share
Trimble common stock sold on April 16, 2026
Post-transaction holdings
19,667.7522 shares
Direct common stock held after reported transactions
RSU exercises
14,728 units
Restricted stock units exercised at $0.00 on April 15, 2026
Tax withholding shares
12,345 shares
Shares retained by Trimble to meet award-holder tax obligations
RSU grant
10,757 shares
Common stock acquired via grant/award on April 15, 2026
Additional RSU grant
3,585 shares
Common stock acquired via second grant/award on April 15, 2026
Key Terms
Rule 10b5-1 sale plan, Performance right (ARR), Restricted stock units, Combined Attainment Factor, +1 more
5 terms
Rule 10b5-1 sale plan financial
"The sale was effected by Mr. Schwartz to a rule 10b5-1 sale plan effective November 7, 2025."
Performance right (ARR) financial
"Each Performance right (ARR) represented a contingent right to receive a share of common stock..."
Restricted stock units financial
"33.3% of these restricted stock units will vest annually over a 3 year period..."
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.
Combined Attainment Factor financial
"Trimble's Combined Attainment Factor of 132.83% consists of Annual Recurring Revenue performance..."
FAQ
What insider transactions did Trimble (TRMB) report for Mark David Schwartz?
Trimble reported that Senior VP Mark David Schwartz sold 16,725 shares of common stock at $67.01 per share, following the vesting and conversion of multiple restricted stock unit awards and related tax-withholding share dispositions in April 2026.
What restricted stock unit activity did Trimble (TRMB) disclose for Mark David Schwartz?
Trimble disclosed that several restricted stock unit awards for Mark David Schwartz vested on April 15, 2026, resulting in exercises of 14,728 units at a $0.00 exercise price and creating corresponding shares of common stock, some of which were then withheld for taxes.