TrueBlue, Inc. (TBI) SEC Filings, Jan-Feb 2026

TrueBlue, Inc. executive Garrett Ferencz reported a small stock disposition. On 02/03/2026, he disposed of 1,527 shares of TrueBlue common stock in a transaction coded "F" at a price of $5.50 per share.

Following this transaction, he beneficially owned 140,567 shares directly, including approximately 7,611 shares acquired through the TrueBlue Employee Stock Purchase Plan.

TrueBlue, Inc. amended its main bank credit agreement, converting its revolving credit facility from a cash-flow based structure to an asset-based lending facility. Borrowing capacity now depends on a borrowing base tied to eligible customer accounts, with advance rates of 90%, 85%, and 80% for different account types.

The total committed line is reduced from $255 million to $175 million, though TrueBlue can still request up to an additional $150 million with lender approval. Interest pricing, sub-limits, and maturity remain unchanged, and the facility continues to be secured by company collateral and equity in key domestic subsidiaries.

TrueBlue, Inc. insider filing shows no securities owned by new officer. On the Form 3, Brian Capone, identified as Senior Vice President and Chief Accounting Officer of TrueBlue, Inc. (TBI), reports that as of January 12, 2026, he holds zero TrueBlue securities. The filing explicitly states that no securities are beneficially owned by Mr. Capone, meaning he reports no direct or indirect ownership in the company’s stock or derivative securities at this time.

TrueBlue, Inc. received an amended ownership report showing that Royce & Associates LP, a New York investment adviser, beneficially owns 1,637,359 shares of TrueBlue common stock, representing 5.47% of the class as of 12/31/2025. Royce & Associates has sole power to vote and to dispose of these shares, with no shared voting or dispositive power.

The shares are held in investment management accounts of clients of Royce & Associates, which is an indirect majority-owned subsidiary of Franklin Resources, Inc. Royce & Associates states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of TrueBlue. The firm disclaims any pecuniary interest and does not consider itself part of a group with Franklin Resources, its affiliates, or their principal shareholders for this ownership.

EHS Management LLC and affiliated investors have launched a proxy solicitation effort focused on TrueBlue, Inc. They state that they intend to file a preliminary proxy statement and use a WHITE universal proxy card to seek votes for their own slate of director nominees at TrueBlue’s 2026 annual meeting of stockholders.

The participant group, referred to collectively as “EHS,” is anticipated to include EHS Management, EHS Azure Opportunity Fund, LP, Eric H. Su, David Fleischman and Wayne Larkin. According to the disclosure, EHS Azure directly beneficially owns 190,131 shares of TrueBlue common stock, and Eric H. Su directly beneficially owns 535,073 shares. Through their roles, EHS Management and Mr. Su may be deemed to beneficially own the shares held by EHS Azure. The filing emphasizes that stockholders are strongly advised to read the proxy statement and related materials when they become available.

Boston Partners, an investment adviser organized in Delaware, reported beneficial ownership of 2,217,444 shares of TrueBlue, Inc. common stock, representing 7.41% of the class as of 12/31/2025. These shares are held in discretionary accounts for certain clients, with Boston Partners having sole power to vote and dispose of the shares and no shared voting or dispositive power.

Boston Partners states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of TrueBlue. To its knowledge, no other person has rights to dividends or sale proceeds on more than 5% of the outstanding common stock referenced.

TrueBlue, Inc. director William Greenblatt has reported that he does not own any company securities. As of January 5, 2026, the filing states that he holds zero TrueBlue, Inc. securities and that no securities are beneficially owned by him. The form is filed as a standalone Form 3 for one reporting person in his capacity as a director.

The document also notes that a power of attorney (Exhibit 24) is attached, authorizing an attorney-in-fact to sign on his behalf.

TrueBlue, Inc. director Seward William J. filed an initial Form 3 indicating that, as of January 5, 2026, he holds zero TrueBlue securities. The filing further states that no securities of TrueBlue, Inc. are beneficially owned by him, meaning he reports no direct or indirect ownership in the company’s stock or derivative securities at this time.

TrueBlue, Inc. reported a leadership change in its finance organization. The company appointed Brian Capone as Senior Vice President and Chief Accounting Officer, effective January 12, 2026, succeeding Carl Schweihs in the role of principal accounting officer. Mr. Schweihs will continue as Executive Vice President and Chief Financial Officer.

Capone brings prior chief accounting officer and controller experience from Avaya, embecta Corp., and Cantel Medical Corporation, along with earlier finance roles at Stryker and Quest Diagnostics. Under his employment agreement, he will receive a base salary of $315,000, eligibility starting in 2027 for annual equity awards equal to 30% of base salary and a cash bonus of up to 30% of base salary tied to performance, and a one-time cash award equal to 40% of base salary that vests over four years. He will also enter into standard indemnification and noncompetition agreements with the company.