Timberland Bancorp (TSBK) Director Receives 700 Restricted Shares Vesting Over 3 Years
Rhea-AI Filing Summary
Michael J. Stoney, a director of Timberland Bancorp Inc. (TSBK), received a restricted stock award of 700 shares on 09/23/2025 at a reported price of $0. Following the grant, his beneficial ownership increased to 9,195 shares. The award is described as restricted stock that will vest equally over three years. The Form 4 was signed on behalf of Mr. Stoney by Cheryl Parks as Power of Attorney on 09/24/2025.
Positive
- 700 restricted shares granted to a director, increasing insider alignment with shareholders
- Vesting schedule disclosed: shares vest equally over three years, indicating time‑based retention
- Beneficial ownership updated: holdings reported as 9,195 shares following the grant
Negative
- None.
Insights
TL;DR: Director received a time‑based restricted stock award that increases alignment with shareholders without immediate cash cost.
The filing documents a standard restricted stock grant of 700 shares to a director, vesting equally over three years. Time‑based vesting is a common governance mechanism to retain directors and align long‑term interests with shareholders. The award is reported at $0, indicating a grant rather than an open‑market purchase. No additional compensation details or performance conditions are provided.
TL;DR: Insider ownership rose to 9,195 shares after a 700‑share restricted grant; no derivative activity reported.
The Form 4 shows only a non‑derivative restricted stock award on 09/23/2025 and no sales or option exercises. The filing provides the new total beneficial holdings and the vesting schedule but does not disclose grant fair value or rationale. This is a routine disclosure for Section 16 reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 par value | 700 | $0.00 | -- |
Footnotes (1)
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