TrueBlue (NYSE: TBI) director receives 27,566-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TrueBlue, Inc. director Paul G. Reitz reported an equity award rather than an open-market trade. He acquired 27,566 shares of Common Stock through a grant of restricted stock units that will settle into shares on a one-for-one basis in the future.
These restricted stock units vest in full one year from the grant date, tying his compensation to the company’s performance over that period. After this grant, his reported direct holdings increased to 58,312 shares of Common Stock, aligning his interests more closely with other shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reitz Paul G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,566 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 58,312 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did TrueBlue (TBI) director Paul Reitz report?
Director Paul G. Reitz reported receiving an equity award, not a market trade. He acquired 27,566 shares of TrueBlue common stock through a grant of restricted stock units that will settle into shares on a one-for-one basis at a future date.
When do Paul Reitz’s TrueBlue (TBI) restricted stock units vest?
The restricted stock units granted to Paul Reitz vest in full one year from the grant date. After this one-year vesting period, the units are scheduled to be settled into shares of TrueBlue common stock on a one-for-one basis, assuming conditions are met.
Was the TrueBlue (TBI) Form 4 a stock purchase or sale by Paul Reitz?
The Form 4 does not report a stock purchase or sale in the open market. Instead, it shows a grant of 27,566 restricted stock units to director Paul Reitz as compensation, which will convert into common shares after they fully vest in one year.
What type of security was reported in the TrueBlue (TBI) Form 4?
The Form 4 reports non-derivative common stock linked to restricted stock units. These units represent a right to receive shares of TrueBlue common stock on a one-for-one basis in the future, once the full one-year vesting period from the grant date has been satisfied.