TrueBlue (TBI) CFO receives 112,507-share award and uses stock for tax

Rhea-AI Filing Summary

TrueBlue EVP and CFO Carl Schweihs reported mixed equity transactions. On February 20, he acquired 112,507 shares of TrueBlue common stock through a grant of restricted stock units that will vest in equal installments over three years. On February 21, he disposed of 5,974 shares in a tax-withholding transaction related to equity compensation. After these moves, he directly owned 276,569 common shares, including approximately 9,560 shares acquired through the company’s employee stock purchase plan.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Schweihs Carl

(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 and CFO

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		112,507(1)	A	$0	282,543(2)	D
Common Stock	02/21/2026		F		5,974	D	$3.71	276,569(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 9,560 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan.

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) CFO Carl Schweihs report?

Carl Schweihs reported one stock award and one related tax-withholding disposition. He received 112,507 TrueBlue common shares via restricted stock units and disposed of 5,974 shares to cover tax obligations, resulting in a direct holding of 276,569 shares afterward.

Was the TrueBlue (TBI) CFO’s share disposition an open-market sale?

No, the 5,974-share disposition was not an open-market sale. It was a tax-withholding transaction, using shares to satisfy tax obligations tied to equity compensation rather than selling shares for investment purposes on the open market.

What is the size and structure of the TrueBlue (TBI) CFO’s stock award?

The CFO received 112,507 restricted stock units that will settle into common shares on a one-for-one basis. These units vest over three years in equal installments, aligning compensation with longer-term company performance and continued executive service.

How many TrueBlue (TBI) shares does the CFO own after these transactions?

Following the reported award and tax-withholding disposition, Carl Schweihs directly owns 276,569 shares of TrueBlue common stock. This total includes approximately 9,560 shares that were previously purchased through the TrueBlue, Inc. Employee Stock Purchase Plan.

What does transaction code F mean in the TrueBlue (TBI) Form 4 filing?

Transaction code F indicates a tax-withholding disposition related to equity compensation. In this case, 5,974 TrueBlue shares were used to pay tax liabilities, rather than being sold as a discretionary open-market transaction by the executive.

How do the new restricted stock units affect the TrueBlue (TBI) CFO’s incentives?

The 112,507 restricted stock units tie a significant portion of the CFO’s compensation to future company performance. Because they vest in equal installments over three years, the award is structured to encourage longer-term alignment with shareholder interests and retention.