Bisio Ronald 4

What Happened

• Ronald Bisio, Senior Vice President of Trimble Inc. (TRMB), converted/exercised performance rights and received a total of 32,556 shares on April 15, 2026. The reported per-share value used in the filing is $66.51, giving a gross value of about $2,165,299.
• To satisfy tax withholding obligations, the company retained/withheld 13,642 of those shares (reported disposals labeled “F”) with a cash-equivalent of roughly $907,330. The net shares retained by Bisio after withholding are about 18,914 shares (net value roughly $1.26M).
• Transactions include awards/grants (code A), exercise/conversion of derivative securities (code M), and share disposals for tax withholding (code F). Several derivative interests were surrendered/converted (shown as disposals at $0), consistent with conversion of performance rights/RSUs into common stock.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely).
• Price/value used in filing: $66.51 per share.
• Shares received (gross): 32,556 shares; value ≈ $2,165,299.
• Shares withheld for taxes (disposed): 13,642 shares; value ≈ $907,330.
• Net shares retained after withholding: ~18,914 shares; net value ≈ $1,257,969.
• Relevant footnotes: Performance rights converted based on a Combined Attainment Factor of 132.83% (ARR 136.43%, TSR 102.24%, People & Planet modifier 3.87%) — F1/F3. Some awards are restricted stock units that vest 33.3% annually over three years from respective vest commencement dates (F4–F6). F2 confirms shares were retained only to cover tax withholding.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was not an open-market sale by the insider; the “disposals” were share retentions by the company to cover tax withholding on vesting awards — a routine administrative action rather than a market sale.
• Several entries show conversion or exercise of derivative securities (performance rights/RSUs) into common stock; some derivative interests were surrendered (reported at $0) as part of the conversion.
• These entries reflect compensation-related vesting/conversion and withholding, not a directional trade signal by the insider.