TrueBlue, Inc. (NASDAQ:TBI) disclosed an insider purchase by Garrett Ferencz, the company’s Executive Vice President and Chief Legal Officer. On February 25, 2026, Ferencz acquired 7,000 shares of common stock at $3.61 per share, representing a total transaction value of $25,270.
The acquisition occurred while TrueBlue shares were trading near a 52-week low of $3.44 and after a 38.5% decline in the stock’s market price over the prior six months. InvestingPro analysis included in the company’s public reporting indicates that TBI appears undervalued at current levels and lists the company among the platform’s Most Undervalued stocks.
Post-transaction holdings
Following this purchase, Ferencz directly owns 234,135 shares of TrueBlue. That total incorporates approximately 7,611 shares he acquired through the TrueBlue, Inc. Employee Stock Purchase Plan. The company’s filings note these figures as direct ownership.
TrueBlue’s recent reporting also highlights the company’s financial trajectory. The firm was not profitable over the last twelve months, but InvestingPro Tips referenced in the disclosure indicate analysts project the company will return to profitability this year. For investors seeking more detailed analysis, TBI is the subject of a Pro Research Report on the InvestingPro platform, one of more than 1,400 reports available covering U.S. equities.
Leadership and board updates
In separate personnel news, TrueBlue has made several changes to its leadership ranks and board composition. Mike Kruszewski has been named President of PeopleReady On-Demand; he joined PeopleReady in November 2025 as Head of Sales and will assume responsibility for strategy, sales, and operational performance in the expanded role.
The company also received director nominations from EHS Management, LLC, and has appointed William Greenblatt and William Seward to its board. TrueBlue characterized these appointments as part of a strategic plan intended to improve financial results and support sustainable growth.
As part of the board transition, two current directors are scheduled to step down at or before the 2026 Annual Meeting of Shareholders. In addition, TrueBlue announced the departure of Kristy Willis, Executive Vice President of PeopleReady, effective Tuesday. The company stated that Willis’s departure was not due to any disagreement with its operations, policies, or practices. No further details about her exit or about a successor were provided.
Where details remain limited - The company did not disclose additional specifics regarding the timing of the director departures or provide information about Willis’s replacement, leaving those points open in the public filings and announcements.