Timberland Bancorp (TSBK) CFO Marci Basich Sells 235 Shares

What Happened

• Marci A. Basich, Chief Financial Officer of Timberland Bancorp (TSBK), had a total of 235 shares disposed via tax-withholding related to restricted stock vesting. On 2026-09-23, 135 shares were withheld at $44.82 each ($6,051). On 2026-09-24, 100 shares were withheld at $45.10 each ($4,510). The combined value of the withheld shares is $10,561.
• These were tax-withholding dispositions (transaction code F), not open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 2026-09-23: 135 shares @ $44.82 = $6,051 (withheld for taxes)
  • 2026-09-24: 100 shares @ $45.10 = $4,510 (withheld for taxes)
• Footnotes: 400 restricted shares vested on 9/23 (135 withheld) and 320 restricted shares vested on 9/24 (100 withheld) at the reporting person's election to have the issuer pay taxes on their behalf.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-09-25 covering transactions on 9/23 and 9/24 — this appears to be timely (not flagged as late).

Context

• These dispositions are routine tax-withholding events tied to restricted stock vesting (code F). They reflect share retention mechanics to satisfy tax obligations rather than a deliberate market sale signaling sentiment.
• For retail investors, such withholding transactions are generally neutral informationally compared with open-market purchases or voluntary sales.