Form 4: TrueBlue EVP and CFO Carl Schweihs Reports Changes in Beneficial Ownership

Carl Schweihs, EVP and CFO of TrueBlue, Inc., reports acquisition and disposal of TrueBlue common stock, including a grant of restricted stock units and shares purchased through the Employee Stock Purchase Plan.

Summary

• On February 21, 2025, Carl Schweihs, the EVP and CFO of TrueBlue, Inc., acquired 61,162 shares of common stock through a grant of restricted stock units.
• These restricted stock units will vest over a 3-year period in equal installments and will be settled for shares of Common Stock on a one-for-one basis.
• On February 23, 2025, Schweihs disposed of 3,316 shares of common stock at a price of $6.34.
• Following these transactions, Schweihs beneficially owns 156,551 shares of TrueBlue common stock, which includes approximately 5,861 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reports routine transactions. The grant of stock units is a positive sign, but the disposal of shares introduces a slight element of uncertainty.

Positives

• The grant of restricted stock units to the CFO aligns his interests with the long-term performance of the company.
• Participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Negatives

• The disposal of 3,316 shares could be interpreted negatively, although the reason for disposal is not specified.

Future Outlook

The restricted stock units will vest over a 3-year period in equal installments.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may view the stock unit grant as a positive sign of management alignment.
• Employees participating in the Employee Stock Purchase Plan are also stakeholders.

Key Dates