Ferencz Garrett 4
4 · TrueBlue, Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
TrueBlue (TBI) EVP Ferencz Garrett Receives 91,092-Share Award
What Happened Ferencz Garrett, Executive Vice President and Chief Legal Officer of TrueBlue, was granted 91,092 restricted stock units (RSUs) on Feb 20, 2026 (code A). The RSUs are recorded at $0.00 (they will settle one-for-one for common shares) and will vest in equal installments over a three-year period. On Feb 21, 2026, 4,468 shares were surrendered/withheld to cover tax withholding at $3.71 per share, a disposition totaling about $16,576 (code F).
Key Details
- Transaction dates: Grant on 2026-02-20 (91,092 RSUs); tax withholding on 2026-02-21 (4,468 shares).
- Prices/values: RSU grant listed at $0.00; 4,468 shares withheld at $3.71 each ≈ $16,576.
- Vesting: RSUs vest over 3 years in equal installments (footnote F1).
- Ownership adjustments: Filing notes inclusion of ~7,611 shares purchased under the TrueBlue Employee Stock Purchase Plan (ESPP) (F2) and an administrative correction adding 2,424 shares previously omitted (F3).
- Filing: Form filed 2026-02-24 reporting transactions from 2026-02-20/21.
Context The primary event is a compensation award (RSUs), not an open-market purchase or sale; RSU grants are routine executive compensation and signal a retention/compensation action rather than an immediate market bet. The small disposition (4,468 shares) was for tax withholding of the award, a standard practice that reduces net shares issued to the insider. Footnotes clarify ESPP purchases and a prior administrative omission affecting reported beneficial ownership.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-20+91,092→ 234,083 total - Tax Payment
Common Stock
[F2]2026-02-21$3.71/sh−4,468$16,576→ 229,615 total
Footnotes (3)
- [F1]Represents a grant of restricted stock units that will be settled for shares of Common Stock on a one-for-one basis in the future. The restricted stock units will vest over a 3-year period in equal installments.
- [F2]This total includes approximately 7,611 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan.
- [F3]The number of securities beneficially owned by the reporting person has been increased by 2,424 shares due to an administrative error that omitted shares purchased under the TrueBlue, Inc. Employee Stock Purchase Plan, as previously noted in a footnote to a Form 4 filed on February 3, 2026.