PAINTER ROBERT G 4

What Happened

• Robert G. Painter, President & CEO of Trimble (TRMB), received a large grant/award and exercised/converted performance rights/options on April 14–15, 2026, resulting in the acquisition of 238,746 shares with an aggregate value of about $15.88M.
• Concurrently he disposed of 111,953 shares (mostly to satisfy tax withholding) valued at roughly $6.95M, and sold 7,500 shares in an open‑market 10b5‑1 plan transaction for $502,050. Net effect: Painter acquired ~126,793 shares (net value increase ≈ $8.43M).

Key Details

• Transaction dates and prices:
  • 2026-04-14: Open-market sale of 7,500 shares @ $66.94 = $502,050 (F1: executed under a 10b5‑1 plan).
  • 2026-04-15: Grants/awards and exercises totaling 238,746 shares @ ~$66.51 average = ≈ $15,878,997.
  • 2026-04-15: Tax withholding/other dispositions of 111,953 shares @ $66.51 = ≈ $6,947,168 (company retained shares to cover tax obligations; F3).
• Footnotes of note:
  • Performance rights (ARR and TSR) vested based on a Combined Attainment Factor of 132.83% (ARR 136.43%, TSR 102.24%, People & Planet modifier 3.87%) (F2, F4).
  • Several restricted stock units vest 33.3% annually over 3 years from vest commencement dates of April 15, 2023, 2024 and 2025 (F5–F7).
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Form 4 filed April 16, 2026 for trades on April 14–15, 2026 — appears timely (no late‑filing flag).

Context

• These transactions reflect awards and the exercise/conversion of derivative awards (performance rights/RSUs/options). Many shares were retained by the company to cover tax withholding (i.e., net settlement), and a small portion was sold under a pre‑existing 10b5‑1 plan.
• For retail investors: awards/exercises increase insider shareholdings and may reflect vested compensation paid out after performance metrics were met; the small open‑market sale was pre‑arranged under a 10b5‑1 plan and is routine.