Steven W. Berglund served as CEO of Trimble Inc. for over 20 years, turning it into a leader in leveraging technology for agriculture, construction, and transportation. His educational background includes a B.S. in chemical engineering from the University of Minnesota...

Steven W. Berglund served as CEO of Trimble Inc. for over 20 years, turning it into a leader in leveraging technology for agriculture, construction, and transportation. His educational background includes a B.S. in chemical engineering from the University of Minnesota and an MBA from the University of Rochester, giving him a solid foundation in both technical and business aspects. During his time, he executed impressive insider trades that peaked at $52.3 million in stock value in September 2021, reflecting confidence in his company’s growth. His compensation structure aligns closely with performance metrics, focusing on revenue and profitability. In 2023, his total compensation reached $14.95 million, largely centered around bonuses based on company performance. Berglund has also held significant positions in various industry groups, including the Association of Equipment Manufacturers, indicating his influence beyond Trimble. He retired as executive chairperson in June 2023, marking the end of an era at Trimble while paving the way for new leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Trimble Inc. CEOs

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Steven W. Berglund

Ex-CEO of Trimble Inc.

Education

B.S. in chemical engineering from the University of Minnesota; M.B.A. from the University of Rochester

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

November 30, 1950 - 74 years ago

CEO of Trimble Inc. for

20 years 10 months (Mar 1999 - Jan 2020)

Previous Experience

President at Spectra Precision, a group within Spectra Physics AB.

Rivals

Competitors/colleagues of Steven W. Berglund

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Harvey M. Schwartz

CEO of The Carlyle Group

2023 Compensation

Stock

$21.69M

Salary

$1.00M

Bonus

$6.00M

Other

$0.00

Total Holdings

$166.37M

K

Satish Dhanasekaran

CEO of Keysight Technologies

2023 Compensation

Stock

$0.00

Salary

$895.83K

Bonus

$0.00

Other

$33.72K

Total Holdings

$16.27M

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Terrence R. Curtin

CEO of TE Connectivity

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$2.08M

Other

$368.57K

Total Holdings

$16.53M

A

Richard Adam Norwitt

CEO of Amphenol

2023 Compensation

Stock

$9.10M

Salary

$1.46M

Bonus

$0.00

Other

$382.12K

Total Holdings

$117.28M

Z

Anders Gustafsson

CEO of Zebra Technologies

2019 Compensation

Stock

$18.97M

Salary

$1.10M

Bonus

$1.54M

Other

$0.00

Total Holdings

$72.38M

C

John P. Calamos, Sr.

Founder and CEO of Calamos Strategic Total Return

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$26.16M

Holdings

See how much did Steven W. Berglund make over time.

Berglund's insider trading activities show significant fluctuations in value, with his investments peaking at $52.3 million in September 2021. His confidence in Trimble is evident as he made multiple transactions over the years, and despite recent declines, his holdings remain...

Berglund's insider trading activities show significant fluctuations in value, with his investments peaking at $52.3 million in September 2021. His confidence in Trimble is evident as he made multiple transactions over the years, and despite recent declines, his holdings remain significant, reflecting a belief in the company's long-term prospects. His wealth has experience ups and downs, yet his ability to navigate through these fluctuations showcases his understanding of the market and his company's position.

Mar 18, 2025

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shares

TRMB @ $70.19

Total Stock Sold

$156.20M

TRMB

$156.20M

5,200,140 TRMB shares

What if they kept their stock?

If Steven W. Berglund didn't sell their stock, today they would have:
Extra TRMB5,200,140 shares worth $223.92M.
This is 43.36% and $67.72M more than what they got when they sold the stock.

Charitable Transactions

TRMB

997,636 shares

TRMB

Recent Charitable Transactions

TRMB

7,025 shares

TRMB

Dec 20, 2021

Charity

TRMB

573,611 shares

TRMB

Jan 1, 2021

Charity

TRMB

75,000 shares

TRMB

Aug 19, 2020

Charity

TRMB

70,000 shares

TRMB

Jan 3, 2020

Charity

TRMB

15,000 shares

TRMB

Dec 28, 2018

Charity

TRMB

25,000 shares

TRMB

Apr 13, 2018

Charity

Insider Trading

See recent insider trades of Steven W. Berglund.

TRMB

168,159 shares

TRMB

Feb 14, 2022

Received

TRMB

7,025 shares

TRMB

Dec 20, 2021

Charity

TRMB

$15.09M

TRMB at $93.65/share

Sep 9, 2021

Sale

TRMB

$4.74M

TRMB at $94.76/share

Sep 7, 2021

Sale

TRMB

$5.33M

TRMB at $88.84/share

Aug 17, 2021

Sale

TRMB

133,835 shares

TRMB

May 15, 2021

Received

TRMB

61,659 shares

TRMB

Feb 19, 2021

Received

TRMB

573,611 shares

TRMB

Jan 1, 2021

Charity

TRMB

$1.00M

TRMB at $50.66/share

Aug 19, 2020

Sale

TRMB

578,763 shares

TRMB

Jan 1, 2021

Charity

Compensation History

See how much did Steven W. Berglund make over time.

In 2023, Berglund earned a total compensation of $14.95 million, reflecting a structured pay approach focused on performance. His salary was $950,000, with a bonus of $1.32 million linked to the Trimble OneBonus Plan, showing that a large portion of his pay was contingent on company performance metrics, which included revenue and adjusted EBITDA. Previous years show compensation fluctuations, with his total reaching as high as $11.18 million in 2018 due to strong performance across the board. His compensation reflects the board's strategy to align executive pay with company results, ensuring that top executives have incentives to push for growth and success.

Year

2023

Total Compensation

$2.27M

Salary

$950.00K

Board Justification

The compensation philosophy is to attract and retain exceptional talent while fostering a pay-for-performance culture that aligns executive compensation with company performance and shareholder interests.

Bonus

$1.32M

Board Justification

Cash bonuses earned under the Trimble OneBonus Plan (TOP) based on performance metrics for 2023.

Other

$4.54K

Board Justification

Includes various items not reportable in other columns, such as life insurance premiums and health benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2023 as the focus is on performance-based equity awards that vest over time.

Performance Metrics

Compensation is tied to financial performance metrics including revenue, ARR, and adjusted EBITDA.

Other Trimble Inc. CEOs

Here are other CEOs of Trimble Inc.

Robert Painter

CEO of Trimble Inc.

January 2020 - Present