Timberland Bancorp (TSBK) President Jonathan Fischer Receives 1,900-Share Award

What Happened
Jonathan Arthur Fischer, President and COO of Timberland Bancorp (TSBK), had 112 vested restricted shares withheld on 2026-09-28 to cover state and federal tax obligations (disposal) and was granted 1,900 restricted shares on 2026-09-29 (acquisition). The withheld shares were recorded at $45.41 each (total $5,086). The 1,900-share grant was issued at $0.00 and will vest equally over five years.

Key Details

• Transactions: 9/28/2026 — 112 shares withheld (code F) at $45.41/share; 9/29/2026 — 1,900 restricted shares granted (code A) at $0.00.
• Total value of withheld shares: $5,086. Grant had no immediate cash cost in the filing.
• Vesting: The 1,900 restricted shares vest equally over 5 years (footnote F2).
• Source of withheld shares: 112 of 350 restricted shares that vested on 9/26/2026 were withheld at the reporting person's election to cover taxes (footnote F1).
• Shares held after transaction: Not specified in the Form 4 filing.
• Holdings note: Some shares are held in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP) per the filing (footnote F3).
• Filing timeliness: Form filed 2026-09-30 for transactions on 9/28 and 9/29 — appears timely (not listed as late).

Context
Tax-withholding disposals (code F) are routine: the company withheld vested shares to satisfy tax obligations rather than a market sale. The 1,900-share entry is a restricted stock award (not an open-market purchase) and is subject to forfeiture until vested, so those shares are not immediately liquid. These entries are administrative and grant-related rather than clear buy/sell signals about the insider’s market view.