Breanne D. Antich, who serves as Chief Technology Officer and Executive Vice President at Timberland Bancorp Inc (NASDAQ: TSBK), reported a sale of 800 shares of common stock at a per-share price of $40.05 on February 6, 2026. The transaction totaled $32,039, according to a Form 4 filing with the Securities and Exchange Commission.
In the same filing, Antich disclosed the exercise of options that resulted in the acquisition of 800 shares of Timberland Bancorp common stock. The options were exercised at strike prices of $27.4 and $28.23, with the combined exercise resulting in the acquisition of 800 shares for a total cash outlay of $22,252, per the Form 4 report.
Separately, Timberland Bancorp held its virtual Annual Meeting of Shareholders, during which several governance and leadership items were resolved. Shareholders elected Dean J. Brydon, Michael J. Stoney, and Kelly A. Suter to the Board of Directors, each to serve three-year terms. The filing notes that these nominees were elected with overwhelming support from the votes cast.
The company also announced a leadership transition in its credit function. Timberland Bancorp and Todd Van Cise mutually agreed to terminate his employment agreement, a change the company said allows him to pursue other career opportunities. Following that departure, Kevin Sakamoto was named chief credit officer.
Timberland Bancorp indicated that Mr. Sakamoto joined the company in 2023 and brings over 30 years of commercial banking experience to the role. His prior positions include vice president of credit administration and special assets at Timberland Bancorp and chief credit officer at Bank Reale.
Key points
- Insider transaction: Breanne D. Antich sold 800 shares at $40.05 on February 6, 2026, totaling $32,039.
- Option exercise: Antich exercised options at prices of $27.4 and $28.23 to acquire 800 shares for $22,252.
- Corporate governance and leadership: Three directors were elected to three-year terms; a mutual separation occurred with the prior chief credit officer and Kevin Sakamoto was appointed to that role.
Risks and uncertainties
- Insider sales and option exercises can create short-term share supply changes that may affect trading dynamics in the bank and regional banking sector.
- Leadership changes in the credit function introduce uncertainty in credit oversight and portfolio management until the new chief credit officer's strategies are implemented.
- Shareholder votes resolved governance matters, but operational outcomes from executive transitions remain to be observed by investors and market participants in the financial services sector.
This article reports the transactions and corporate updates exactly as disclosed in Timberland Bancorp's filings and shareholder meeting announcements. No additional assumptions or extrapolations have been made beyond the information contained in those disclosures.