TrueBlue (TBI) legal chief granted 91,092 RSUs and disposes shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TrueBlue, Inc. EVP and Chief Legal Officer Garrett Ferencz reported both an equity award and a related tax share disposition. On February 20, 2026, he received a grant of 91,092 restricted stock units, which will convert into the same number of common shares in the future and vest in three equal annual installments.
On February 21, 2026, 4,468 common shares were disposed of at $3.71 per share to cover tax obligations, a non-open-market transaction. After these updates and corrections for previously omitted employee stock purchase plan shares, his reported direct beneficial ownership reflects these changes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ferencz Garrett
Role
EVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,468 | $3.71 | $17K |
| Grant/Award | Common Stock | 91,092 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 229,615 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock units that will be settled for shares of Common Stock on a one-for-one basis in the future. The restricted stock units will vest over a 3-year period in equal installments. This total includes approximately 7,611 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan. The number of securities beneficially owned by the reporting person has been increased by 2,424 shares due to an administrative error that omitted shares purchased under the TrueBlue, Inc. Employee Stock Purchase Plan, as previously noted in a footnote to a Form 4 filed on February 3, 2026.
FAQ
What insider transactions did TrueBlue (TBI) report for Garrett Ferencz?
TrueBlue reported that EVP and Chief Legal Officer Garrett Ferencz received a grant of 91,092 restricted stock units and had 4,468 common shares withheld to cover taxes. Both transactions involved company equity compensation rather than open-market buying or selling.
How many TrueBlue (TBI) restricted stock units were granted to Garrett Ferencz?
Garrett Ferencz was granted 91,092 restricted stock units, each convertible into one share of TrueBlue common stock. The award vests over three years in equal installments, providing a long-term equity incentive tied to the company’s share performance and his continued service.
How do the Ferencz restricted stock units at TrueBlue (TBI) vest over time?
The restricted stock units granted to Garrett Ferencz vest over a three-year period in equal installments. Each year, one-third of the 91,092-unit award becomes vested, and future settlement will deliver one share of common stock for each vested unit.
What administrative correction was disclosed in this TrueBlue (TBI) Form 4?
The Form 4 notes that the number of securities beneficially owned was increased by 2,424 shares. This correction addressed an administrative error that had omitted certain TrueBlue employee stock purchase plan shares reported in a prior Form 4 footnote.