Form 4: Timberland Bancorp Director's Stock Vesting & Tax Withholding

Timberland Bancorp director Kathy D. Leodler had 215 shares of vested restricted stock withheld to cover tax liabilities at a price of $34.4 per share.

Summary

• Kathy D. Leodler, a Director at Timberland Bancorp Inc. (TSBK), reported a transaction involving common stock.
• On September 24, 2025, 215 shares of restricted stock vested.
• Concurrently, 215 shares were withheld by the Issuer at the Reporting Person's election to satisfy state and federal tax obligations.
• The value of the shares withheld for tax purposes was $34.4 per share.
• Following this transaction, Kathy D. Leodler beneficially owns 1,935 shares of Timberland Bancorp common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine administrative transaction related to director compensation and tax withholding, which is neutral in its immediate impact on the company's operational or financial outlook.

Positives

• The vesting of restricted stock represents earned compensation for Director Kathy D. Leodler, reflecting a planned component of her remuneration package.

Negatives

• The transaction resulted in a direct reduction of 215 shares from Director Kathy D. Leodler's beneficial ownership due to tax withholding.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This type of insider transaction, involving the vesting of restricted stock and subsequent withholding of shares for tax obligations, is a routine and common practice across publicly traded companies as part of executive and director compensation plans.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon the vesting of restricted stock is a standard and widely accepted method for managing equity compensation in publicly traded companies, aligning with common corporate governance and compensation practices across various industries.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related transaction for a director, not indicative of broader operational or financial changes.
• Director (Kathy D. Leodler): The transaction reflects the realization of earned equity compensation, with a portion used to cover tax liabilities.

Key Dates

Keywords

TSBK, Timberland Bancorp, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Director Compensation