Timberland Bancorp (TSBK): 2,000 Restricted Shares Granted to CTO

Breanne D. Antich, Chief Technology Officer/EVP of Timberland Bancorp (TSBK) reported a grant of 2,000 restricted shares of the company's common stock on 09/23/2025.

Rhea-AI Filing Summary

Breanne D. Antich, Chief Technology Officer/EVP of Timberland Bancorp (TSBK) reported a grant of 2,000 restricted shares of the company's common stock on 09/23/2025. The award carries a $0 per-share price and will vest equally over five years, indicating multi-year retention compensation. After the transaction the filing shows Ms. Antich beneficially owns 4,348 shares directly; she also holds 4,174 shares indirectly through the Timberland Bank KSOP and 401(k) plan. The Form 4 was signed by Cheryl Parks as Power of Attorney on 09/24/2025.

Positive

• 2,000 restricted shares granted to the CTO/EVP, indicating alignment of executive incentives
• Vesting over five years, supporting multi-year retention
• Disclosure of direct and indirect holdings: 4,348 direct and 4,174 indirect via KSOP
• Timely Form 4 reporting with signature executed by power of attorney

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive equity grant aligns leadership incentives; not a market-moving transaction.

The 2,000-share restricted stock award granted at $0 and vesting over five years is standard for retention and alignment of senior management incentives. The grant size appears modest relative to public-company equity programs and the filing shows modest existing holdings (4,348 direct; 4,174 indirect via KSOP). There is no cash exercise required and no sale or derivative activity disclosed, so immediate dilution and liquidity impact are immaterial based on information provided.

Corporate Governance Expert

TL;DR: Governance-wise this is a routine restricted stock award intended to retain the CTO/EVP.

The structure—time-based vesting over five years—reflects common long-term retention practice. Reporting is timely and signed via power of attorney. The filing does not disclose performance conditions or accelerated vesting triggers, so the award appears straightforward time-based compensation. No related-party or derivative transactions are disclosed that would raise governance concerns.

Insider Trade Summary

Grant/Award: 2,000 shares

Grant/Award 2 txns

Insider Antich Breanne D

Role Chief Technology Officer/EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $.01 par value per share	2,000	$0.00	$0.00
holding	Common Stock, $.01 par value per share	--	--	--

Holdings After Transaction: Common Stock, $.01 par value per share — 4,348 shares (Direct); Common Stock, $.01 par value per share — 4,174 shares (Indirect, By KSOP)

Footnotes (2)

1. F1. Restricted Stock Award was granted on 9/23/2025. These shares will vest equally over 5 years.
2. F2. Represents shares held in the Timberland Bank Employee Stock Ownership ad 401(k) Plan ("KSOP")

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Breanne D. Antich report on Form 4 for TSBK?

The filing reports a grant of 2,000 restricted shares on 09/23/2025 granted at $0 per share.

How will the restricted shares awarded to Breanne Antich vest?

The restricted shares will vest equally over five years according to the filing.

How many Timberland Bancorp (TSBK) shares does Breanne Antich beneficially own after the transaction?

The Form 4 shows 4,348 shares held directly and 4,174 shares held indirectly through the KSOP/401(k) plan.

Was the Form 4 for Breanne Antich signed and when?

Yes; the Form 4 was signed by Cheryl Parks, Power of Attorney for Breanne Antich on 09/24/2025.

Does the filing show any derivative transactions or exercised options for TSBK?

No. Table II for derivative securities shows no derivative transactions in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/24/2025 - 02:40 PM Learn about SEC filing dates

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).

1. Name and Address of Reporting Person^*

Antich Breanne D

(Last) (First) (Middle)

624 SIMPSON AVENUE

(Street)

HOQUIAM WA 98550

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TIMBERLAND BANCORP INC [ TSBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer/EVP

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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, $.01 par value per share(1)	09/23/2025		A		2,000	A	$0	4,348	D
Common Stock, $.01 par value per share								4,174	I	By KSOP(2)

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. Restricted Stock Award was granted on 9/23/2025. These shares will vest equally over 5 years.

2. Represents shares held in the Timberland Bank Employee Stock Ownership ad 401(k) Plan ("KSOP")

	/s/Cheryl Parks, Power of Attorney for Breanne D. Antich	09/24/2025
	** 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.
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