Form 4: Director Drugge's Timberland Bancorp Stock Vesting
Insider Transaction Report
Timberland Bancorp Director Robert A. Drugge reported the vesting of restricted stock, with a portion withheld for tax obligations.
Summary
- Robert A. Drugge, a Director of Timberland Bancorp Inc. (TSBK), reported a transaction on September 24, 2025.
- 215 shares of restricted common stock, with a par value of $0.01, vested on the transaction date.
- 50 of the vested shares were withheld by the Issuer at the Reporting Person's election to cover state and federal tax liabilities.
- Following this transaction, Robert A. Drugge directly beneficially owns 38,895 shares of common stock.
- Additionally, 6,773 shares are indirectly held through an IRA, bringing the total beneficial ownership to 45,668 shares.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock and subsequent tax withholding, which is a neutral event for the company's operational or financial performance.
Positives
- 215 shares of restricted stock vested, representing a realization of compensation for the Director.
Negatives
- 50 shares were withheld to satisfy tax obligations, resulting in a reduction of the direct share count from the vested amount.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitors.
Stakeholder Impact
- Shareholders: This routine insider transaction has minimal direct impact on the company's overall shareholder base or stock valuation.
Key Dates
| Date | Description |
|---|---|
| 09/24/2025 | Date of earliest transaction, when 215 shares of restricted stock vested and 50 shares were withheld for taxes. |
| 09/25/2025 | Date the Form 4 was signed by the Reporting Person's Power of Attorney. |
Keywords
TSBK, Timberland Bancorp, Form 4, Insider Transaction, Stock Vesting, Director, Robert A. Drugge, Restricted Stock
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