Timberland Bancorp (TSBK) Form 4: 700 Restricted Shares Awarded to Director

Rhea-AI Filing Summary

David A. Smith, a director of Timberland Bancorp Inc. (TSBK), received a restricted stock award of 700 shares on 09/23/2025. The grant was recorded at a price of $0 and increases his beneficial ownership to 18,468 shares. The restricted shares are scheduled to vest equally over three years. The Form 4 was signed by Cheryl Parks as Power of Attorney on 09/24/2025. This filing documents a non‑derivative, zero‑price grant to an insider with a time‑based vesting schedule.

Positive

• Director alignment: 700 restricted shares granted to Director David A. Smith supports alignment with shareholders through equity ownership.
• Vesting structure disclosed: Shares vest equally over three years, creating a clear retention schedule.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received time‑vesting restricted shares, aligning long‑term interests with shareholders.

The Form 4 shows a restricted stock award of 700 shares to Director David A. Smith, granted 09/23/2025 and recorded at $0. The award vests equally over three years, which creates a retention incentive tied to continued service. The disclosure is routine for insider compensation and provides transparency about director ownership changes. Impact appears procedural and governance‑focused rather than signal of material corporate change.

Securities Analyst

TL;DR: Small insider grant disclosed; increases reported beneficial ownership to 18,468 shares.

The filing reports a non‑derivative grant of 700 common shares on 09/23/2025 at a price of $0, raising the reporting person’s beneficial holdings to 18,468 shares. The certificate was executed by a Power of Attorney on 09/24/2025. For investors, this is a standard insider compensation disclosure; the filing contains specific amounts and vesting terms but no earnings, debt, or transaction counterparties to assess material financial impact.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SMITH DAVID ALAN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $.01 par value	700	$0.00	--

Holdings After Transaction: Common Stock, $.01 par value — 18,468 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

SMITH DAVID ALAN

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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(1)	09/23/2025		A		700	A	$0	18,468	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. Restricted Stock Award was granted on 9/23/2025. These shares will vest equally over three years.

	/s/Cheryl Parks, Power of Attorney for David A. Smith	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.
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

Who filed the Form 4 for TSBK insider activity?

David A. Smith, reported by Power of Attorney Cheryl Parks on 09/24/2025.

What transaction is disclosed in the TSBK Form 4 filed 09/24/2025?

A restricted stock award of 700 shares was granted on 09/23/2025 at a reported price of $0.

How many TSBK shares does the reporting person own after the transaction?

The filing shows beneficial ownership of 18,468 shares following the reported transaction.

What are the vesting terms for the restricted shares reported on the TSBK Form 4?

The restricted shares will vest equally over three years.

Was the Form 4 signed and when?

Yes; the signature is dated 09/24/2025 and executed by Cheryl Parks as Power of Attorney for David A. Smith.