Timberland Bancorp CEO Brydon Dean J Receives 1,900 Restricted Shares

What Happened

• Brydon Dean J, CEO and director of Timberland Bancorp, received a grant of 1,900 restricted shares on 2026-09-29 (no cash price). Separately, 130 shares were withheld on 2026-09-28 to cover state and federal tax withholding related to a prior restricted stock vesting; those withheld shares were disposed at $45.41 each for a total of $5,903.

Key Details

• Transaction dates and amounts:
  • 2026-09-28: 130 shares withheld for tax payment at $45.41 — proceeds $5,903 (tax withholding, code F).
  • 2026-09-29: 1,900 restricted shares granted at $0.00 (award, code A).
• Vesting: The 1,900 restricted shares will vest equally over 5 years (footnote F2).
• Tax withholding: The 130-share disposition was withholding from a previously reported 350-share vesting on Sept 26, 2026; 130 shares were withheld to pay taxes (footnote F1).
• Plan holdings: Some shares are held in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP) per the filing (footnote F3).
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Report filed 2026-09-30 for transactions on 9/28–9/29; no late filing indicator in the report.

Context

• The 130-share action is a routine tax-withholding disposition following a vesting event and does not represent an open-market sale for investment purposes. The 1,900-share award is restricted stock that vests over time; such grants are compensation, not an immediate purchase signal.