Large Peter 4

What Happened

• Peter Large, Senior Vice President at Trimble, received a mix of equity awards and converted/exercised derivative awards on April 15, 2026. In total he acquired 24,834 shares at an implied price of $66.51 (total value ≈ $1,651,709) through grants and exercise/conversion events. To satisfy tax withholding obligations, 10,165 shares were surrendered/withheld by the company (total value ≈ $676,074). These transactions reflect issuance/conversion of performance rights and vesting installments of restricted stock units rather than open-market purchases or sales.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely within the 2-business-day window).
• Prices and amounts (selected):
  • Grants/awards: 13,689 shares @ $66.51 = $910,455; 4,563 shares @ $66.51 = $303,485.
  • Exercises/conversions (acquired): 3,298 @ $66.51 = $219,350; 1,930 @ $66.51 = $128,364; 1,354 @ $66.51 = $90,055.
  • Tax withholding (disposals): 5,761 @ $66.51 = $383,164; 1,677 @ $66.51 = $111,537; 1,366 @ $66.51 = $90,853; 800 @ $66.51 = $53,208; 561 @ $66.51 = $37,312.
• Net activity summary: 24,834 shares acquired ($1.65M gross) and 10,165 shares withheld/turned over for taxes ($676K).
• Shares owned after the transaction: not specified in the supplied data — see the full Form 4 for total holdings.
• Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price or tax withholding.
• Notable footnotes:
  • F1/F3: Some awards were performance rights (ARR and TSR) that converted based on a Combined Attainment Factor of 132.83% (ARR 136.43%, TSR 102.24%, People & Planet modifier 3.87%).
  • F2: Shares were retained by the company to meet the award-holder’s tax withholding; the number withheld did not exceed the tax liability.
  • F4–F6: Restricted stock units vest in three equal annual installments starting on April 15 of 2023, 2024, and 2025, respectively.

Context

• These transactions are largely issuance/conversion and routine tax-withholding activity rather than open-market selling. The exercise/conversion of performance rights and RSU vesting are common forms of executive compensation; withholding shares to cover taxes is a typical administrative step (not necessarily a signal of insider sentiment).
• For derivative-related entries: “M” indicates conversion/exercise of derivative awards (performance rights or options). Several conversion lines show shares acquired at $66.51 and matching withholding disposals; other conversion lines show $0 in proceeds which reflect conversion mechanics rather than open-market sales.