1 unchanged sentence
Company Stock Performance
−Removed: Our common stock trades on NASDAQ under the symbol “TRMB.” The following graph compares the cumulative five-year total return provided stockholders on our common stock relative to the cumulative total returns of the NASDAQ Composite Index and the S&P 500 Information Technology Index.
+Added: Our common stock trades on NASDAQ under the symbol “TRMB.” The following graph compares the cumulative five-year total return provided stockholders on our common stock relative to the cumulative total returns of the S&P 500 Index, the S&P 500 Information Technology Index, the S&P 500 Industrials Index, and the NASDAQ Composite Index.
An investment of $100 (with reinvestment of all dividends) is assumed to have been made in our common stock and in each of the indexes on December 31, 2016, and its relative performance is tracked through December 31, 2021.
+Added: Trimble was added to the S&P 500 during 2021.
+Added: We also added the S&P 500 Industrials Index, as both S&P 500 Information Technology and S&P 500 Industrials provide a better comparison with Trimble’s stock than either index individually.
Stock Repurchase Program
−Removed: The following table provides information relating to our purchase of equity securities for the fourth quarter of fiscal 2020 :
−Removed: Purchased Average
−Removed: per Share Total Number of Shares
−Removed: Purchased as Part of
−Removed: Publicly Announced
−Removed: Program Maximum Approximate Dollar Value of Shares that May Yet Be
−Removed: Purchased Under the
+Added: The following table provides information relating to our purchase of equity securities for the fourth quarter of 2021 :
+Added: Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
October 2, 2021 – November 5, 2021 — $ — — $ 649,995,416
November 6, 2021 – December 3, 2021 459,372 $ 87.08 459,372 $ 610,000,115
−Removed: December 5, 2020 – January 1, 2021 21,666 $ 61.97 21,666 $ 90,728,167
+Added: December 4, 2021 – December 31, 2021 — $ — — $ 610,000,115
Total 459,372 459,372
−Removed: In November 2017, our Board of Directors approved a stock repurchase program (“2017 Stock Repurchase Program”), authorizing us to repurchase up to $600.0 million of our common stock.
−Removed: The 2017 Stock Repurchase Program does not have an expiration date.
−Removed: The timing and amount of repurchase transactions is determined by our management based on the evaluation of market conditions, share price, legal requirements, and other factors.
−Removed: The program may be suspended, modified, or discontinued at any time without public notice.
−Removed: During fiscal 2020, we repurchased approximately 1.9 million shares of common stock in open market purchases under the 2017 Stock Repurchase Program, at an average price of $43.40 per share, for a total of $81.6 million.
−Removed: At the end of fiscal 2020, the 2017 Stock Repurchase Program had remaining authorized funds of $90.7 million.
+Added: In August 2021, our Board of Directors approved a new share repurchase program (“2021 Stock Repurchase Program”) authorizing up to $750.0 million in repurchases of our common stock.
+Added: Under the 2021 Stock Repurchase Program, the share repurchase authorization does not have an expiration date and supersedes and replaces the $600.0 million share repurchase authorization approved by our Board of Directors in November 2017 (“2017 Stock Repurchase Program”), of which $50.7 million was remaining and has been cancelled.
+Added: Under the 2021 Stock Repurchase Program, we may repurchase shares from time to time, subject to business and market conditions and other investment opportunities, through open market transactions, privately-negotiated transactions, accelerated stock repurchase plans, or by other means.
+Added: The timing and actual number of any shares repurchased will depend on a variety of factors, including market conditions, our share price, other available uses of capital, applicable legal requirements, and other factors.
+Added: The 2021 Stock Repurchase Program may be suspended, modified, or discontinued at any time at without prior notice.
+Added: During 2021, we repurchased approximately 2.1 million shares of common stock in open market purchases under our 2017 and 2021 Stock Repurchase Programs, at an average price of $85.75 per share, for a total of $180.0 million.
+Added: At the end of 2021, the 2021 Stock Repurchase Program had remaining authorized funds of $610.0 million.
As of February 18, 2022, there were approximately 520 holders of record of our common stock.
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At this time, we intend to retain future earnings, if any, to fund the development and growth of our business and do not anticipate paying any cash dividends on our common stock in the foreseeable future.
−Removed: Selected Financial Data
−Removed: Not applicable.
−Removed: Financial information related to fiscal 2017 and 2016 may be found in Part II, Item 6.
−Removed: Selected Financial Data in our fiscal 2019 Form 10-K filed with the SEC on February 28, 2020.
−Removed: Please refer to the consolidated financial statements included herein in Part II- Item 8 Financial Statements and Supplementary Data for fiscal year 2020, 2019 and 2018 information.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.