Schweihs Carl 4

What Happened

• Carl Schweihs, Executive Vice President and Chief Financial Officer of TrueBlue, was granted 112,507 restricted stock units (RSUs) on 2026-02-20 (reported at $0.00).
• On 2026-02-21, 5,974 shares were disposed/withheld to cover tax liabilities at an effective price of $3.71 per share for total proceeds/withholding of $22,164. The RSUs will convert to Common Stock on a one-for-one basis when settled.

Key Details

• Transaction dates and prices:
  • 2026-02-20: Award/grant of 112,507 RSUs (reported price $0.00). (F1)
  • 2026-02-21: Tax withholding/disposition of 5,974 shares at $3.71 = $22,164. (F = tax withholding)
• Vesting/settlement: Footnote F1 states the RSUs will settle one-for-one into common shares and vest in equal installments over 3 years.
• Shares owned after transaction: The filing does not specify a total owned-after figure; footnote F2 notes that ~9,560 shares were purchased under the company’s Employee Stock Purchase Plan and are included in the ownership total reported. (F2)
• Filing timeliness: Form 4 was filed on 2026-02-24 for transactions on 2026-02-20 and 02-21; this appears to be within the standard two-business-day reporting window.

Context

• These were RSU awards (not option exercises); RSUs are compensation grants that vest over time and do not require immediate cash outlay by the executive.
• The sale/withholding of 5,974 shares was for tax withholding — a routine administrative step that reduces the number of shares delivered upon settlement and does not necessarily indicate a separate decision to “sell” for investment reasons.