Sawarynski Phillip 4

What Happened

• Phillip Sawarynski, Trimble’s Chief Financial Officer, received and converted performance-based awards on April 15, 2026. The filing shows 14,982 shares were acquired (aggregate reported value ~$996,453 at $66.51/share) through a mix of an award/grant and conversions of derivative rights. The company withheld 6,558 shares (reported value ~$436,173) to cover tax withholding, leaving a net increase of 8,424 shares (net value ~$560,280).
• Transactions include award/grant (code A), exercises/conversions of derivative rights (code M), and shares retained by the company to satisfy tax withholding (code F). Several derivative items are reported as disposed at $0.00 — these reflect the conversion/cancellation of performance rights rather than an open‑market sale.

Key Details

• Transaction date: April 15, 2026; Form filed April 17, 2026 (timely filing).
• Prices reported: $66.51 per share for value calculations; some derivative conversions shown at $0.00 (no cash proceeds).
• Aggregate acquisitions: 14,982 shares acquired / ~$996,453 reported value.
• Shares withheld for taxes: 6,558 shares / ~$436,173 retained by the company (tax withholding).
• Net change to holdings: +8,424 shares (approx. $560,280 in value).
• Footnotes: Performance rights converted based on a Combined Attainment Factor of 141.70% (ARR performance 136.43% plus People & Planet modifier 3.87%). Retention of shares was to satisfy tax withholding and was not in excess of the tax liability. Vesting schedules for related RSUs occur in annual 33.3% installments (vesting commencement dates: Apr 15, 2023; Apr 15, 2024; Apr 15, 2025).
• Shares owned after transaction: not disclosed in the filing.

Context

• These transactions are largely non‑market purchases (conversion/vesting of awards and performance rights). Shares withheld to cover taxes are routine and do not represent an open‑market sale.
• For retail investors: exercises/conversions and award vesting increase insider ownership generally; tax‑withholding retentions are administrative and common. The filing contains no evidence of open‑market sales by the CFO in this event.