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Our common stock trades on NASDAQ under the symbol “TRMB.” The following graph compares the cumulative five-year total return provided to stockholders on our common stock relative to the cumulative total returns of the S&P 500 Index, the S&P 500 Information Technology Index, and the S&P 500 Industrials Index.
−Removed: 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, 2018, and its relative performance is tracked through December 31, 2023.
+Added: 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 the last trading date of Trimble’s fiscal year 2019 .
+Added: Measurement points are the last trading day of each subsequent fiscal year.
Stock Repurchase Program
−Removed: In August 2021, our Board of Directors approved a stock repurchase program (“2021 Stock Repurchase Program”) authorizing up to $750.0 million in repurchases of our common stock.
−Removed: On January 28, 2024, our Board of Directors approved a new stock repurchase program (“2024 Stock Repurchase Program”) authorizing up to $800.0 million in repurchases of our common stock.
−Removed: The 2024 Stock Repurchase Program replaced the 2021 Stock Repurchase Program, which has been cancelled.
−Removed: Under the 2024 Stock Repurchase Program, the stock repurchase authorization does not have an expiration date.
−Removed: According to the 2024 Stock Repurchase Program, we may repurchase stocks from time to time through accelerated stock repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers or other means.
+Added: On January 28, 2024, our Board of Directors approved a new stock repurchase program (the “2024 Stock Repurchase Program”) authorizing up to $800.0 million in repurchases of our common stock.
+Added: The 2024 Stock Repurchase Program replaced the prior stock repurchase program, which was approved in August 2021 and has been cancelled.
+Added: At the end of 2024, there were remaining authorized funds of $625.0 million.
+Added: The stock repurchase authorization does not have an expiration date.
+Added: There were no stock repurchases during the fourth quarter of 2024.
+Added: During 2024, we repurchased approximate ly 2.9 million shares of common stock in open market purchases at an average price of $60.97 per share for a total of $175.0 million.
+Added: Subsequent to the end of the year 2024, the Board of Directors authorized a common stock repurchase authorization of up to $1.0 billion, which replaces the existing 2024 Stock Repurchase Program in the first quarter of 2025.
+Added: We may repurchase stock from time to time through accelerated stock repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means.
The timing and actual number of any stock repurchased will depend on a variety of factors, including market conditions, our stock price, other available uses of capital, applicable legal requirements, and other factors.
−Removed: The 2024 Stock Repurchase Program may be suspended, modified, or discontinued at any time without prior notice.
−Removed: The following table provides information relating to our purchase of equity securities for the fourth quarter of 2023;
−Removed: purchases were made under the 2021 Stock Repurchase Program:
−Removed: 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
−Removed: September 30, 2023 – November 3, 2023 — $ — — $ 215,255,003
−Removed: November 4, 2023 – December 1, 2023 2,352,860 $ 42.50 2,352,860 $ 115,255,017
−Removed: December 2, 2023 – December 29, 2023 — $ — — $ 115,255,017
−Removed: Total 2,352,860 2,352,860
−Removed: During 2023, we repurchased approximate ly 2.4 million shares of common stock in open market purchases under our 2021 Stock Repurchase Programs, at an average price of $42.50 per share, for a total of $100.0 million.
−Removed: At the end of 2023, the 2021
−Removed: Stock Repurchase Program had remaining authorized funds of $115.3 million, which amount was subsequently replaced with $800.0 million under the 2024 Stock Repurchase Program.
−Removed: As of February 20, 2024, there were approximately 499 registered holders of record of our common stock.
+Added: This program may be suspended, modified, or discontinued at any time without prior notice.
+Added: As of April 18, 2025, there were approximately 449 registered holders of record of our common stock.
Dividend Policy
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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.