Boston Partners files an Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership of 3,254,527 shares of TrueBlue, Inc. The filing states this holding represented 10.83% of TrueBlue's common stock as of 03/31/2026. The shares are held in discretionary client accounts and Boston Partners disclaims any other person holding dividend or sale rights over more than 10% of the class. The amendment is signed by a compliance officer on 05/14/2026.
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Insights
Boston Partners reports a >10% passive stake in TrueBlue as of 03/31/2026.
Boston Partners discloses beneficial ownership of 3,254,527 shares, equal to 10.83% of the common stock, held in discretionary client accounts. The Schedule 13G/A classification implies passive ownership rather than an active acquisition intent.
Key dependencies include whether the stake remains passive under Rule 13d-1; any future change in intent or additional filings would alter disclosure status. Subsequent filings would show changes in position or voting/dispositive power.
Key Figures
Beneficial ownership:3,254,527 sharesPercent of class:10.83%Filing signature date:05/14/2026
3 metrics
Beneficial ownership3,254,527 sharesAmount held by Boston Partners as of 03/31/2026
Percent of class10.83%Percent of TrueBlue common stock as of 03/31/2026
Filing signature date05/14/2026Date the Amendment No. 3 Schedule 13G/A was signed
Key Terms
Schedule 13G/A, beneficial ownership, rule 13d-3
3 terms
Schedule 13G/Aregulatory
"Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownershipfinancial
"Amount beneficially owned: 3,254,527 (b) Percent of class: 10.83 %"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
rule 13d-3regulatory
"By reason of rule 13d-3 under the act Boston Partners may be deemed to be a beneficial owner"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
TrueBlue, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
89785X101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
89785X101
1
Names of Reporting Persons
Boston Partners
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,254,527.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
3,254,527.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,254,527.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.83 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
TrueBlue, Inc.
(b)
Address of issuer's principal executive offices:
1015 A STREET, TACOMA, WASHINGTON
98402
Item 2.
(a)
Name of person filing:
Boston Partners
(b)
Address or principal business office or, if none, residence:
ONE BEACON STREET
30TH FLOOR
BOSTON, Massachusetts
02108
(c)
Citizenship:
Boston Partners - DELAWARE
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
89785X101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
3,254,527
(b)
Percent of class:
10.83 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Boston Partners - 3,254,527
(ii) Shared power to vote or to direct the vote:
Boston Partners - 0
(iii) Sole power to dispose or to direct the disposition of:
Boston Partners - 3,254,527
(iv) Shared power to dispose or to direct the disposition of:
Boston Partners - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
This Schedule is being filed with respect to 3,254,527 shares of Trueblue, Inc. (the Common Stock) held by Boston Partners on 03/31/2026 for the discretionary account of certain clients. By reason of rule 13d-3 under the act Boston Partners may be deemed to be a beneficial owner of such Common Stock. To the knowledge of Boston Partners no person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Common Stock which represents more than 10% of the outstanding shares of the Common Stock referred to in item 4(b) hereof.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake in TrueBlue (TBI) does Boston Partners report?
Boston Partners reports beneficial ownership of 3,254,527 shares, representing 10.83% of TrueBlue's common stock as of 03/31/2026. The shares are held in discretionary client accounts and reported on a Schedule 13G/A amendment.
Does the Schedule 13G/A indicate active control by Boston Partners?
No. The filing is a Schedule 13G/A, which indicates passive beneficial ownership under the securities rules. Boston Partners states the holdings are for discretionary client accounts and does not claim active control or other persons holding >10% dividend or sale rights.
What date does the reported ownership cover and when was the amendment signed?
The ownership figures are stated as of 03/31/2026. The Schedule 13G/A Amendment No. 3 is signed and dated by a Boston Partners compliance officer on 05/14/2026, which formalizes the disclosure of the March 31 position.
Who filed the Schedule 13G/A for TrueBlue and who signed it?
The Schedule 13G/A was filed by Boston Partners, a Delaware entity, reporting on behalf of discretionary client accounts. The form is signed by Ali Farooqi, Senior Compliance Manager, on 05/14/2026.
