Timberland Bancorp (TSBK) Director Robert Drugge Receives 735-Share Award

What Happened Robert A. Drugge, a director of Timberland Bancorp, received a restricted stock award of 735 shares on September 29, 2026. The shares were granted with a reported price of $0.00 (no cash paid). This is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-29; Form 4 filed 2026-10-01 (no late filing indicated).
• Grant: 735 shares at $0.00; total reported consideration $0.
• Vesting: The award vests equally over three years (per filing footnote F1) — typically 245 shares vest per year.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 = restricted stock award granted 9/29/2026, vests equally over 3 years; F2 = shares held directly through an IRA (as noted in the filing).

Context Restricted stock awards are compensation grants that typically vest over time and are not immediate cash proceeds. Because these shares are subject to a multi-year vesting schedule, this transaction is a standard compensation event rather than an immediate buy or sell that signals near-term insider sentiment.