Barrett (NASDAQ: BBSI) EVP reports RSU grants, vesting and tax withholding moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BARRETT BUSINESS SERVICES INC EVP Gen Counsel & Secretary James R. Potts reported routine equity compensation activity involving Restricted Stock Units (RSUs) and related tax withholding, with no open-market buying or selling.
On July 1, 2026, Potts exercised or converted equity awards into a total of 11,508 shares of common stock and had 4,531 shares withheld at $37.73 per share to cover tax liabilities. After these transactions, he directly held 34,265 shares of common stock. He also received new RSU grants, including 8,693 and 803 units, each representing a contingent right to one share of common stock, with vesting schedules running from July 1, 2023 through July 1, 2031. The filing describes these as grants and vesting events settled in unrestricted shares on each vesting date, reflecting ongoing compensation rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,508 shares exercised/converted
Mixed
17 txns
Insider
Potts James R
Role
EVP Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 428 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,696 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,256 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,299 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,829 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 803 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 8,693 | $0.00 | -- |
| Exercise | Common Stock | 428 | $0.00 | -- |
| Exercise | Common Stock | 3,696 | $0.00 | -- |
| Exercise | Common Stock | 3,256 | $0.00 | -- |
| Exercise | Common Stock | 2,299 | $0.00 | -- |
| Exercise | Common Stock | 1,829 | $0.00 | -- |
| Tax Withholding | Common Stock | 169 | $37.73 | $6K |
| Tax Withholding | Common Stock | 1,455 | $37.73 | $55K |
| Tax Withholding | Common Stock | 1,282 | $37.73 | $48K |
| Tax Withholding | Common Stock | 905 | $37.73 | $34K |
| Tax Withholding | Common Stock | 720 | $37.73 | $27K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 34,265 shares (Direct)
Footnotes (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 four annual installments beginning July 1, 2023, and will be settled by delivery of unrestricted shares of common stock on the vesting date. The Restricted Stock Units vest in four annual installments beginning July 1, 2024, and will be settled by delivery of unrestricted shares of common stock on the vesting date. The Restricted Stock Units vest in four annual installments beginning July 1, 2025, and will be settled by delivery of unrestricted shares of common stock on the vesting date. The Restricted Stock Units vest in four annual installments beginning 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, 2031, and will be settled by delivery of unrestricted shares of common stock on the vesting date The Restricted Stock Units vest in four annual installments beginning July 1, 2027, and will be settled by delivery of unrestricted shares of common stock on the vesting date.
Key Figures
Tax-withholding shares: 4,531 shares at $37.73
Options/awards exercised: 11,508 shares
Common shares held: 34,265 shares
+4 more
7 metrics
Tax-withholding shares
4,531 shares at $37.73
Shares withheld for tax obligations on July 1, 2026
Options/awards exercised
11,508 shares
Exercise or conversion of derivative securities on July 1, 2026
Common shares held
34,265 shares
Direct BBSI common stock holdings after transactions
RSU grant
8,693 units
New Restricted Stock Units granted on July 1, 2026
Additional RSU grant
803 units
Additional Restricted Stock Units granted on July 1, 2026
Tax-withholding transactions
5 entries, 4,531 shares
Code F dispositions for tax liability payment
Exercise transactions
5 entries, 11,508 shares
Code M exercises or conversions into common stock
Key Terms
Restricted Stock Units, tax-withholding disposition, Exercise or conversion of derivative security, grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"Exercise or conversion of derivative security."
grant, award, or other acquisition financial
"Grant, award, or other acquisition."
vesting in annual installments financial
"The Restricted Stock Units vest in four annual installments beginning July 1, 2025, and will be settled by delivery of unrestricted shares."
FAQ
What insider transactions did BBSI executive James R. Potts report?
James R. Potts reported RSU-related exercises and tax-withholding dispositions, not market trades. He converted awards into 11,508 common shares and had 4,531 shares withheld at $37.73 to satisfy tax obligations as part of his equity compensation.
What new RSU grants did BBSI award to James R. Potts?
He received new Restricted Stock Unit grants of 8,693 and 803 units, each convertible into one BBSI common share. These RSUs vest on schedules beginning July 1, 2026 and July 1, 2027, with settlement in unrestricted shares upon each vesting date.
How are James R. Potts’s RSUs in BBSI structured and settled?
Each RSU represents a right to one BBSI common share, vesting in single or annual installments. Footnotes state vested RSUs are settled by delivering unrestricted common shares on the vesting date, with schedules running from July 1, 2023 through July 1, 2031.
What does the tax-withholding code F mean in this BBSI Form 4?
Code F indicates shares withheld to pay exercise price or taxes, not open-market sales. Potts had 4,531 BBSI shares withheld at $37.73 as tax-withholding dispositions tied to his equity award exercises and RSU vesting, per the transaction descriptions.