Form 4: TrueBlue Director Kreidler Receives Stock Grant and Reports Beneficial Ownership Changes

Director Robert C. Kreidler reports changes in beneficial ownership of TrueBlue, Inc. stock, including the grant of restricted stock units.

Summary

• Robert C. Kreidler, a director of TrueBlue, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction date of February 21, 2025.
• Kreidler acquired 17,158 shares of Common Stock through a grant of restricted stock units.
• These restricted stock units will vest in full one year from the grant date and will be settled for shares of Common Stock on a one-for-one basis.
• Delivery of the vested shares will occur 90 days after Kreidler's separation from service on the Board of Directors.
• Kreidler's total beneficial ownership following the reported transaction is 57,815 shares, which includes 44,098 shares deferred pursuant to the Equity Retainer and Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the Board of Directors.

Future Outlook

The restricted stock units will vest in full one year from the grant date, contingent on continued service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the director.
• The grant does not have an immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• The restricted stock units will vest one year from the grant date.
• Delivery of vested shares will occur 90 days after separation from service.

Key Dates