Trimble (TRMB) Chief Accounting Officer Kenneth Bement Exercises Options

What Happened
Kenneth Bement, Chief Accounting Officer of Trimble (TRMB), exercised stock options on September 2, 2026 to acquire 4,056 shares at an exercise price of $58.94 per share (gross value $239,061). To cover tax withholding, 1,167 of those shares were surrendered (reported as disposed) with a value of $68,783. The exercise also shows the derivative instrument converted/terminated as part of the exercise.

Key Details

• Transaction date: 2026-09-02 (filed with the SEC on 2026-09-04).
• Primary codes: M = option exercise/conversion; F = tax withholding/payment.
• Exercise: 4,056 shares at $58.94 = $239,061 (gross value).
• Tax withholding: 1,167 shares withheld at $58.94 = $68,783.
• Net shares retained after withholding: 4,056 − 1,167 = 2,889 shares.
• Footnotes:
  • F1: Includes 182.722 shares acquired Aug 31, 2026 under the company’s ESPP.
  • F2: 33.3% of certain restricted stock units vest annually over 3 years from Sept 2, 2025.
• Filing timeliness: Report filed two days after the transaction date (within the usual two-business-day window for Form 4s).

Context and what it means for investors

• This was an option exercise (code M), not an open-market purchase or sale. The withholding (code F) is a routine tax-satisfaction action and is common when executives exercise options.
• Such exercises are often administrative (converting options to shares and meeting tax obligations) and do not by themselves indicate a bullish or bearish view. However, net share increases (here +2,889 shares) add to the insider’s equity position.