TrueBlue (TBI) legal chief granted 91,092 RSUs and disposes shares for taxes

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.

SEC Form 4

FORM 4

UNITED 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

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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^*

Ferencz Garrett

(Last) (First) (Middle)

1015 A STREET

(Street)

TACOMA WA 98402

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TrueBlue, Inc. [ TBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		A		91,092(1)	A	$0	234,083(2)(3)	D
Common Stock	02/21/2026		F		4,468	D	$3.71	229,615(2)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. This total includes approximately 7,611 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan.

3. 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.

Remarks:

	/s/ Todd N. Gilman, Attorney-in-fact	02/24/2026
	** Signature of Reporting Person	Date
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.

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.

Why were 4,468 TrueBlue (TBI) shares disposed of in this Form 4?

The 4,468 TrueBlue common shares were disposed of to satisfy tax withholding obligations related to the equity award. This tax-withholding disposition at $3.71 per share is a non-open-market transaction commonly used to cover income taxes owed on stock-based compensation.

How do the new awards affect Garrett Ferencz’s TrueBlue (TBI) share ownership?

The Form 4 shows updated beneficial ownership totals after the 91,092 restricted stock unit grant and the 4,468-share tax withholding. It also reflects additional shares from the employee stock purchase plan that had previously been omitted due to an administrative error.

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.