TRIMBLE INC.
For the period ended Jun 17, 2025. Filed Apr 30, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 17, 2025 · Filed Apr 30, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐
| Check the appropriate box: | |
|---|---|
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material under Rule 14a-12 |
| Trimble Inc. | |
| (Name of registrant as specified in its charter) | |
| (Name of person(s) filing proxy statement, if other than the registrant): N/A | |
| Payment of Filing Fee (Check the appropriate box): | |
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
Transformingthe Way theWorld Works
NOTICE OFANNUAL MEETING OFSTOCKHOLDERS ANDPROXY STATEMENT
Trimble – Transforming the Way the World Works
Trimble is transforming the way people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical worlds to improve our customers’ productivity, quality, safety, transparency and sustainability.
TRIMBLE INC.
Notice of Annual Meeting of Stockholders
| When: | Where: | Who Can Vote: |
|---|---|---|
| Tuesday, June 17, 2025 | Virtually via the internet at | Stockholders of record at the close of business on: |
| 5:00 p.m. Mountain time | www.virtualshareholdermeeting.com/TRMB2025 | |
| Online check-in: 4:45 p.m. Mountain time | April 21, 2025 |
Items of Business and Board Voting Recommendations
| 1 | Election of directors | FOR each of the nominees |
| 2 | Advisory vote to approve executive compensation (“Say on Pay”) | FOR |
| 3 | Ratification of appointment of independent registered public accounting firm | FOR |
Your Vote is Important
All stockholders are cordially invited to attend the annual meeting via the internet. Instructions on how to participate in the meeting are posted at the internet link shown above. However, to ensure your representation at the meeting, you are urged to vote in advance of the meeting via the internet or by telephone or, if you requested to receive printed proxy materials, by mailing a proxy.
Thank you for being a stockholder of Trimble.
For the Board of Directors,
Börje Ekholm, Chairperson of the Board
April 30, 2025
TRIMBLE INC.
Proxy Statement
for the 2025 Annual Meeting of Stockholders
Table of Contents
| Introduction | Executive Compensation | |||||
|---|---|---|---|---|---|---|
| Information Regarding the Meeting | 1 | Named Executive Officers | 24 | |||
| Executive Overview | 2 | Proposals | Compensation Discussion and Analysis | 25 | ||
| Our Business | 2 | Introduction | 25 | |||
| Company Performance Highlights | 2 | Overview of Executive Compensation | 28 | |||
| Sustainability | 5 | Details of 2024 Executive Compensation | 34 | |||
| Executive Compensation Philosophy, Policies and Practices | 9 | Other Executive Compensation Matters | 41 | |||
| Compensation Committee Report | 44 | |||||
| Corporate Governance | 7 | Executive Compensation Tables | 45 | |||
| Corporate Governance Highlights | 7 | Post-Employment Compensation | 51 | |||
| Stockholder Communications with the Board | 9 | CEO Pay Ratio | 55 | |||
| Stockholder Engagement | 9 | Pay versus Performance | 56 | |||
| Director Independence | 9 | |||||
| Certain Relationships and Related Transactions | 10 | Proposals | ||||
| Item 1. Election of Directors | 59 | |||||
| Board Matters | Item 2. Advisory Vote to Approve Executive Compensation | 60 | ||||
| Board and Committee Structure | 11 | |||||
| Board Leadership Structure; Oversight and Risk Management | 11 | Item 3. Ratification of Appointment of Independent Registered Public Accounting Firm | 61 | |||
| Board Meetings and Attendance | 11 | |||||
| Committee Membership | 12 | Other Information | ||||
| Audit Committee | 12 | Information Regarding Previous Independent Registered Public Accounting Firm | 62 | |||
| People & Compensation Committee | 13 | |||||
| Nominating and Corporate Governance Committee | 14 | Audit Committee Report | 63 | |||
| Security Ownership | 64 | |||||
| Directors | 16 | Section 16(a) Reports | 66 | |||
| Nominees for Election | 16 | Equity Compensation Plan Information | 66 | |||
| Non-Employee Director Compensation | 22 | General Information | 67 | |||
| Non-Employee Director Stock Ownership Guidelines | 23 | Information Concerning Solicitation and Voting | 67 | |||
| Internet Availability of Proxy Materials | 68 | |||||
| Deadline for Receipt of Stockholder Proposals | 68 | |||||
| Additional Information | 69 | |||||
| Appendix A: Reconciliation of GAAP to Non‑GAAP Financial Measures · A-1 | ||||||
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