Timberland Bancorp (TSBK) EVP Matthew DeBord Receives Award

What Happened

• Matthew J. DeBord, Chief Lending Officer and Executive Vice President of Timberland Bancorp (TSBK), received a grant of 1,900 restricted shares on 2026-09-29. The Form 4 reports the acquisition price as $0.00, indicating these were awarded restricted shares rather than an open‑market purchase.

Key Details

• Transaction date: 2026-09-29; filing date: 2026-10-01 (filed timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,900 restricted shares; reported acquisition value: $0.00.
• Vesting: Shares will vest equally over 5 years (i.e., 380 shares per year) (Footnote F1).
• Shares held in company plans: filing notes shares held in the Timberland Bank Employee Stock Ownership and 401(k) Plan (KSOP) (Footnote F2).
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a compensation award (restricted stock) with a multi‑year vesting schedule—common for employee retention. Because the award was granted (not purchased or sold), it does not directly signal a near‑term trading decision. The filing appears timely under Form 4 rules.