Keating Christopher F 4

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.