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Barrett Business (NASDAQ: BBSI) director reports RSU grant and share exercise

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BARRETT BUSINESS SERVICES INC director Thomas B. Cusick reported equity compensation activity involving company stock. He exercised 2,344 Restricted Stock Units into 2,344 shares of common stock, bringing his direct holdings to 30,120 common shares. He also received a new award of 2,782 Restricted Stock Units.

Each Restricted Stock Unit represents a right to receive one share of common stock. One set of Restricted Stock Units vests in a single installment on July 1, 2026, and another set vests in a single installment on July 1, 2027, with settlement in unrestricted common shares on the respective vesting dates.

Positive

  • None.

Negative

  • None.
Insider Cusick Thomas B.
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 2,344 $0.00 --
Grant/Award Restricted Stock Unit 2,782 $0.00 --
Exercise Common Stock 2,344 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Restricted Stock Unit — 2,782 shares (Direct, null); Common Stock — 30,120 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock. The Restricted Stock Units vest in one installment on July 1, 2026, and will be settled by delivery of unrestricted shares of common stock on the vesting date. The Restricted Stock Units vest in one installment on July 1, 2027, and will be settled by delivery of unrestricted shares of common stock on the vesting date.
RSUs exercised 2,344 units Converted into 2,344 common shares on July 1, 2026
New RSU grant 2,782 units Restricted Stock Unit award reported as of July 1, 2026
Common shares held after transactions 30,120 shares Direct ownership following Form 4 transactions
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
unrestricted shares of common stock financial
"will be settled by delivery of unrestricted shares of common stock on the vesting date."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cusick Thomas B.
(Last)(First)(Middle)
8100 NE PARKWAY DRIVE, SUITE 200
(Street)
VANCOUVER WASHINGTON 98662
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BARRETT BUSINESS SERVICES INC [ BBSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/01/2026M2,344A$0.0030,120D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/01/2026M2,344 (2) (2)Common Stock2,344$0.000.00D
Restricted Stock Unit(1)07/01/2026A2,782 (3) (3)Common Stock2,782$0.002,782D
Explanation of Responses:
1. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock.
2. The Restricted Stock Units vest in one installment on July 1, 2026, and will be settled by delivery of unrestricted shares of common stock on the vesting date.
3. The Restricted Stock Units vest in one installment on July 1, 2027, and will be settled by delivery of unrestricted shares of common stock on the vesting date.
Remarks:
/s/ Anthony Harris, as attorney-in-fact07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did BBSI director Thomas B. Cusick report in this Form 4 filing?

Thomas B. Cusick reported equity compensation activity involving BARRETT BUSINESS SERVICES INC stock. He exercised 2,344 Restricted Stock Units into common shares and received a new grant of 2,782 Restricted Stock Units, updating his direct ownership and future vesting schedule.

How many BBSI common shares does Thomas B. Cusick hold after these transactions?

After the reported transactions, Thomas B. Cusick directly holds 30,120 shares of BARRETT BUSINESS SERVICES INC common stock. This reflects the conversion of 2,344 Restricted Stock Units into common shares as part of his ongoing equity compensation from the company.

What Restricted Stock Unit awards did BBSI’s Thomas B. Cusick receive or exercise?

Thomas B. Cusick exercised 2,344 Restricted Stock Units into an equal number of BBSI common shares and received a new grant of 2,782 Restricted Stock Units. Each unit represents a contingent right to receive one share of the company’s common stock at vesting.

When do Thomas B. Cusick’s BBSI Restricted Stock Units vest and settle?

One set of Thomas B. Cusick’s Restricted Stock Units vests in a single installment on July 1, 2026, and another set vests on July 1, 2027. Each award will be settled by delivering unrestricted shares of BARRETT BUSINESS SERVICES INC common stock on the applicable vesting date.

Does this BBSI Form 4 show any open-market stock purchases or sales by Thomas B. Cusick?

The Form 4 shows no open-market purchases or sales. It reports the exercise of 2,344 Restricted Stock Units into common stock and the grant of 2,782 new Restricted Stock Units, both categorized as acquisition-related equity compensation transactions rather than market trading activity.