TrueBlue (TBI) director Kreidler receives 27,566 RSU grant and reports 85,381 shares
Rhea-AI Filing Summary
Kreidler Robert C. reported acquisition or exercise transactions in this Form 4 filing.
TrueBlue, Inc. director Robert C. Kreidler reported an equity award of 27,566 shares of common stock in the form of restricted stock units. These units will vest in full one year from the grant date and will be settled on a one-for-one basis in common shares.
Delivery of the vested shares to Kreidler will occur 90 days after his separation from service on the Board of Directors. Following this award, his directly held and deferred holdings total 85,381 shares, including 71,664 shares deferred under the company’s Equity Retainer and Deferred Compensation Plan for Non-Employee Directors.
Positive
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Insights
Routine director RSU grant increases reported holdings without cash purchase.
Robert C. Kreidler, a director of TrueBlue, Inc., received an award of 27,566 restricted stock units that convert into common stock on a one-for-one basis after vesting. This is characterized as a grant, award, or other acquisition, rather than an open-market share purchase.
The restricted stock units vest in full one year from the grant date, and the shares will be delivered 90 days after his separation from the Board. After this award, his reported total, including 71,664 shares deferred under a board compensation plan, is 85,381 shares. This reflects standard non-employee director compensation structure, so the directional impact on the investment thesis is neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,566 | $0.00 | -- |
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 in full one (1) year from the grant date. Delivery of the vested shares to the Reporting Person will be made ninety (90) days after his separation from service on the Board of Directors. This total includes 71,664 shares deferred pursuant to the Equity Retainer and Deferred Compensation Plan for Non-Employee Directors.