Keating Christopher F 4

4 · TRIMBLE INC. · Filed Apr 17, 2026

AI-generated summary of this filing

Updated Apr 17, 2026

Trimble (TRMB) Sr. VP Christopher Keating Exercises Options, Receives Shares

What Happened

Christopher F. Keating, Senior Vice President, Transportation at Trimble (TRMB), received and converted performance-based awards and exercised/converted derivatives on April 15, 2026. In total he acquired 15,545 shares with an aggregate fair value of $1,033,897 (effective price shown $66.51 per share). To satisfy tax withholding and related payment obligations the company retained/surrendered 5,616 shares (value $373,520), leaving a net increase of about 9,929 shares to Keating’s holdings (net value ≈ $660,377).
These transactions are awards/vesting and option/derivative exercises (codes A and M) with subsequent share withholding to cover tax liabilities (code F). These are routine compensation-related transactions, not open-market purchases or sales.

Key Details

Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
Gross shares acquired: 15,545; gross value ≈ $1,033,897 (reported at $66.51/share).
Shares withheld/ disposed to cover taxes/exercise price: 5,616 shares; value ≈ $373,520.
Net new shares retained by insider: ~9,929 shares; net value ≈ $660,377.
Footnotes: Performance rights (ARR and TSR) converted based on a Combined Attainment Factor of 132.83% (ARR 136.43%, TSR 102.24%, People & Planet modifier 3.87%). Company retained shares to meet tax withholding obligations; retained amount not in excess of tax liability. Some awards are restricted stock units subject to multi-year vesting schedules (33.3% annual vesting over 3 years for certain grants).
Shares owned after the transaction: Not disclosed in the provided filing details.

Context

These were compensation-related issuances and conversions (not open-market buys or sales). The filing shows exercises/conversions of derivatives and award vesting with a net share surrender/retention to cover tax obligations — effectively a cashless settlement for tax purposes.
For retail investors: such transactions generally reflect routine employee compensation and vesting rather than direct bullish or bearish trading signals. They do, however, increase the insider’s share position if a net number of shares remains after tax withholding.

Form 4

Period: 2026-04-15

Sr. VP Transportation

Transactions

Award
Common Stock
[F1]
2026-04-15$66.51/sh+7,334$487,784→ 7,899.03 total
Tax Payment
Common Stock
[F2]
2026-04-15$66.51/sh−2,389$158,892→ 5,510.03 total
Award
Common Stock
[F3]
2026-04-15$66.51/sh+2,444$162,550→ 7,954.03 total
Tax Payment
Common Stock
[F2]
2026-04-15$66.51/sh−703$46,757→ 7,251.03 total
Exercise/Conversion
Common Stock
2026-04-15$66.51/sh+1,841$122,445→ 9,092.03 total
Tax Payment
Common Stock
2026-04-15$66.51/sh−806$53,607→ 8,286.03 total
Exercise/Conversion
Common Stock
2026-04-15$66.51/sh+1,810$120,383→ 10,096.03 total
Tax Payment
Common Stock
2026-04-15$66.51/sh−792$52,676→ 9,304.03 total
Exercise/Conversion
Common Stock
2026-04-15$66.51/sh+2,116$140,735→ 11,420.03 total
Tax Payment
Common Stock
2026-04-15$66.51/sh−926$61,588→ 10,494.03 total
Exercise/Conversion
Restricted Stock Unit
[F4]
2026-04-15−1,841→ 0 total
Exercise: $0.00Exp: 2026-04-15→ Common Stock (1,841 underlying)
Exercise/Conversion
Restricted Stock Unit
[F5]
2026-04-15−1,810→ 1,810 total
Exercise: $0.00Exp: 2027-04-15→ Common Stock (1,810 underlying)
Exercise/Conversion
Restricted Stock Unit
[F6]
2026-04-15−2,116→ 4,233 total
Exercise: $0.00Exp: 2028-04-15→ Common Stock (2,116 underlying)

Footnotes (6)

[F1]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%.
[F2]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.
[F3]. 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%.
[F4]33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2023.
[F5]33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2024.
[F6]33.3% of these restricted stock units will vest annually over a 3 year period from vest commencement date of April 15, 2025.

Signature

/s/ Paul Rimas, Attorney-in-Fact|2026-04-17

1 file