Ferencz Garrett 4

What Happened

• Ferencz Garrett, Executive Vice President and Chief Legal Officer of TrueBlue (TBI), had 1,527 shares withheld to satisfy tax withholding related to an Employee Stock Purchase Plan (ESPP) purchase. The withheld shares were disposed at $5.50 each, totaling $8,399.
• The filing’s footnote indicates the transaction is part of a larger ESPP purchase of approximately 7,611 shares; after withholding, roughly 6,084 shares from that purchase were retained.

Key Details

• Transaction date: 2026-02-03
• Withheld/disposed: 1,527 shares at $5.50 per share (total $8,399)
• ESPP purchase: ~7,611 shares purchased (footnote)
• Net shares retained from this purchase: ~6,084 (7,611 purchased − 1,527 withheld)
• Shares owned after transaction: Not specified in the filing
• Transaction code: F (payment of exercise price or tax liability — here, tax withholding)
• Filing date: 2026-02-05 (filed within the typical 2-business-day Form 4 window)

Context

• This was not an open-market sale signaling a bearish view; rather, it’s routine tax withholding associated with an ESPP purchase. Such share surrenders are common when companies or plans cover taxes by retaining a portion of newly acquired shares.
• Purchases (net increases in holdings) can be more informative about insider sentiment; here the underlying ESPP purchase increased Garrett’s holdings net of the withheld shares.