Timberland Bancorp (TSBK) CFO Marci Basich Receives Restricted Stock Award

What Happened

• Marci A. Basich, Chief Financial Officer of Timberland Bancorp, received a restricted stock award of 1,900 shares on 2026-09-29 (code A — acquisition/award).
• Separately, 100 shares were disposed/withheld on 2026-09-28 to cover state and federal tax liabilities (code F) at $45.41 per share, a total of $4,541. The 100-share withholding relates to 300 shares that vested on 2026-09-26, of which Basich elected withholding to fund taxes.

Key Details

• Transactions and prices:
  • 2026-09-28: Tax withholding/disposition — 100 shares @ $45.41 = $4,541 (code F).
  • 2026-09-29: Restricted stock award granted — 1,900 shares @ $0.00 (code A).
• Vesting: The restricted stock award (granted 9/29/2026) vests equally over 5 years (footnote F2).
• Tax withholding context: The 100-share withholding resulted from 300 shares that vested 9/26/2026; 100 were withheld by the issuer to pay tax obligations (footnote F1).
• Shares held: The filing notes holdings are in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP) where applicable (footnote F3). The filing does not specify total shares owned by the reporting person after these transactions.
• Filing timeliness: The Form 4 was filed on 2026-09-30 reporting transactions on 9/28 and 9/29 — within the typical two-business-day reporting window.

Context

• This is primarily an equity award (not an open-market purchase or speculative sale). Receiving restricted stock is a common form of executive compensation intended to align management with shareholders; the award will vest over time.
• The 100-share disposition was a tax-withholding action (not an independent sale on the open market) to satisfy tax liabilities from earlier vesting.
• No inference about personal trading sentiment should be drawn from routine compensation-related withholdings; purchases are generally more informative about bullish insider views.