Form 4: TrueBlue Legal Officer Disposes Shares for Tax

TrueBlue's EVP, Chief Legal Officer, Garrett Ferencz, disposed of 1,527 shares of common stock for tax withholding purposes.

Summary

• Garrett Ferencz, Executive Vice President and Chief Legal Officer of TrueBlue, Inc. (TBI), reported a disposition of common stock.
• On February 3, 2026, Ferencz disposed of 1,527 shares of TrueBlue common stock.
• The disposition was made at a price of $5.5 per share and was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Ferencz beneficially owns 140,567 shares of TrueBlue common stock directly.
• The reported beneficial ownership includes approximately 7,611 shares purchased through the TrueBlue, Inc. Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition is a routine tax-related transaction and does not reflect a change in the executive's investment thesis or the company's operational performance.

Positives

• The executive continues to hold a substantial number of shares (140,567), indicating ongoing alignment with shareholder interests.
• Inclusion of 7,611 shares from the Employee Stock Purchase Plan demonstrates continued participation in company equity programs.

Negatives

• A reduction in direct insider ownership, even for tax purposes, slightly decreases the total stake held by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that dispositions of shares to cover tax withholding obligations are a routine and common occurrence for executives receiving equity-based compensation across various industries. This type of transaction is typically not indicative of a change in management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the executive retains a significant stake, maintaining alignment of interests.

Key Dates

Recommendation

A single, routine disposition of shares for tax withholding purposes by an executive typically does not warrant a change in investment recommendation. The executive maintains a substantial beneficial ownership, and this transaction is a common administrative event related to equity compensation.

Keywords

TrueBlue, TBI, Garrett Ferencz, Insider Transaction, Form 4, Stock Disposition, Executive Compensation, Tax Withholding