Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-08

TrueBlue (TBI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,614,104
Taryn Owen total, FY2025
14th
CEO pay percentile vs peers
389:1
CEO-to-median pay ratio
73.86%
Say-on-pay support, latest vote
Companies that benchmark against TBI
6 companies name TBI as a compensation peer

Each company listed discloses TBI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TBI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Taryn Owen$950,000$0$2,545,479$0$1,118,625$0$0$4,614,104
President, Chief Executive Officer
Kristy Willis460,0000554,6540207,0000592,4241,814,078
Former Executive Vice President, TrueBlue and President, PeopleReady
Carl Schweihs550,0000859,6690365,063001,774,732
Executive Vice President, Chief Financial Officer
Garrett Ferencz495,0000773,6990328,556001,597,255
Executive Vice President, Chief Legal Officer
Richard Betori455,0000548,6280242,287001,245,915
Executive Vice President, TrueBlue and President, PeopleScout

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Taryn Owen$4,614,104
Kristy Willis1,814,078
Carl Schweihs1,774,732
Garrett Ferencz1,597,255
Richard Betori1,245,915

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Sonita LontohDirector2026-06-05D2,186$7$14,712CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kristy WillisPSU2025-03-147,96915,93823,907$87,659
Garrett FerenczRSU2025-02-2155,046348,992
Garrett FerenczPSU2025-03-1411,11622,23233,348122,276
Taryn OwenPSU2025-03-1436,57273,144109,716402,292
Taryn OwenRSU2025-02-21181,1021,148,187
Carl SchweihsRSU2025-02-2161,162387,767
Carl SchweihsPSU2025-03-1428,82057,63986,459336,035
Richard BetoriPSU2025-03-147,88315,76523,64886,708
Richard BetoriRSU2025-02-2139,033247,469
Carl SchweihsPSU2025-03-1412,35224,70337,055135,867
Taryn OwenPSU2025-03-1485,335170,669256,004995,000
Garrett FerenczPSU2025-03-1425,93851,87577,813302,431
Richard BetoriPSU2025-03-1418,39236,78455,176214,451
Kristy WillisRSU2025-02-2139,462250,189
Kristy WillisPSU2025-03-1418,59437,18855,782216,806
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kristy Willis$250,189$304,465$054.9%
Garrett Ferencz348,992424,707054.9%
Taryn Owen1,148,1871,397,292054.9%
Carl Schweihs387,767471,902054.9%
Richard Betori247,469301,159054.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Taryn OwenRSU181,102$842,124
Taryn OwenPSU85,335396,808
Garrett FerenczRSU55,046255,964
Taryn OwenPSU40,987190,590
Richard BetoriRSU39,033181,503
Richard BetoriRSU14,44067,146
Taryn OwenRSU11,14551,824
Kristy WillisPSU10,51948,913
Richard BetoriPSU9,75945,379
Carl SchweihsPSU6,55430,476
Garrett FerenczPSU5,89827,426
Garrett FerenczRSU5,14923,943
Carl SchweihsRSU4,57721,283
Taryn OwenRSU3,23615,047
Richard BetoriRSU1,7648,203
Carl SchweihsPSU15,29171,103
Taryn OwenPSU73,144340,120
Taryn OwenPSU17,56681,682
Richard BetoriPSU15,76573,307
Kristy WillisPSU9,86645,877
Carl SchweihsPSU24,703114,869
Carl SchweihsRSU22,627105,216
Richard BetoriPSU18,39285,523
Garrett FerenczPSU13,76263,993
Carl SchweihsRSU7,71135,856
Kristy WillisPSU12,27257,065
Taryn OwenRSU60,652282,032
Carl SchweihsRSU61,162284,403
Carl SchweihsPSU28,820134,013
Garrett FerenczPSU25,938120,612
Garrett FerenczPSU22,232103,379
Garrett FerenczRSU20,36494,693
Taryn OwenRSU10,57349,164
Richard BetoriRSU4,64321,590
Kristy WillisPSU4,22819,660
Richard BetoriRSU3,47316,149
Richard BetoriPSU4,18319,451
Richard BetoriRSU1,2775,938
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee designs our annual executive compensation program with the goal of achieving the following objectives: Attracting and retaining the NEOs needed to achieve our long-term business strategies; Motivating NEOs to create long-term shareholder value; Reflecting the role, scope, and complexity of each NEO's position relative to other NEOs; Balancing the need to be competitive with our industry peers with our commitment to control costs; Targeting total direct compensation near the median of our peers; Balancing each NEO's annual compensation opportunity between Company and individual performance; and Establishing performance targets for incentive compensation that align with both our short- and long-term business strategies.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantMercer (US) LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1118,365,2586,501,30774,29673.86%Passed
20252025-05-1421,414,9983,270,13365,73586.75%Passed
20242024-05-1524,590,1772,410,11146,80891.07%Passed
20232023-05-1125,477,4003,528,04337,71587.84%Passed
20222022-05-1130,720,6971,055,93634,41396.68%Passed
20212021-05-1230,113,2441,243,69128,73996.03%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1173.86%a
20252025-05-1486.75%b
20242024-05-1591.07%c

a. Approved under the standard stated in the filing — “Abstentions and Broker Non-Votes are not considered "votes cast" and will therefore have no effect on the outcome of this proposal.”.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)389 : 1
CEO total compensation$4,614,104
Median employee compensation$11,855
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jeffrey B. SakaguchiIndependent · Board Chair · Audit · Corporate Governance · Innovation & Technology · Not standing for re-election$143,250$141,008$0$0$0$284,258
Kim Harris JonesIndependent · Audit (Chair) · Corporate Governance · Innovation & Technology113,250116,834000230,084
William C. GoingsIndependent · Compensation (Chair) · Corporate Governance · Innovation & Technology113,250116,834000230,084
Colleen B. BrownIndependent · Compensation · Corporate Governance (Chair) · Innovation & Technology113,250114,824000228,074
Kristi A. SavacoolIndependent · Compensation · Corporate Governance · Innovation & Technology (Chair)109,500114,824000224,324
Paul G. ReitzIndependent · Compensation · Corporate Governance · Innovation & Technology98,250108,782000207,032
R. Chris KreidlerIndependent · Audit · Corporate Governance · Innovation & Technology98,250108,782000207,032
Sonita LontohIndependent · Audit · Corporate Governance · Innovation & Technology98,250108,782000207,032
William GreenblattIndependent · Audit · Newly elected000000
William J. SewardIndependent · Compensation · Newly elected000000
Taryn R. OwenEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$887,250
Equity awards (grant-date value)$930,670
All other compensation$0
Total cost of the board$1,817,920

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies TrueBlue names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including TrueBlue.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Equifax, Inc2025Mark Begor$1,500,000$14,993,110$3,420,130$2,737,634$23,420,134
2Gartner, Inc2025Eugene Hall985,18511,619,4774,979,9321,483,65519,226,580
3ASGN, Inc2025Theodore Hanson1,100,0007,787,11801,566,06610,475,672
4Robert Half, Inc.2025M. Keith Waddell500,0004,532,9480839,3306,073,178
5Perficient, Inc.2023Thomas Hogan553,5425,237,064005,809,472
6Barrett Business Services2025Gary Kramer887,2582,524,72301,359,2895,002,291
7TrueBlue2025Taryn Owen950,0002,545,47901,118,6254,614,104
8Resources Connection2025Kate Duchene825,0001,832,485002,673,316

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
TrueBlue79%RSU 50 · PSU 50NoMercer (US) LLC
ASGN, Incnot disclosedPSU 60 · RSU 40NoSemler Brossy
Barrett Business Services164%not disclosedNoMercer
Equifax, Inc152.1%PSU 60 · Options 20 · RSU 20Yes — Relative TSRFrederic W. Cook & Co., Inc.
Gartner, Inc119.6%PSU 70 · Options 30NoExequity
Perficient, Inc.not disclosedRSU 84 · PSU 16NoLockton Companies LLC
Resources Connectionnot disclosedPSU 50 · RSU 50Nonot disclosed
Robert Half, Inc.59.1%PSU 100NoFrederic W. Cook & Co., Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Taryn OwenDEF 14A2026-04-140001999371-26-008266Section “2025 Summary Compensation Table” · page 76. As printed: 4,614,104. Filing ↗machine: t383 · r2 · c24 · span 1124603–1124612
2Section 01, Kristy WillisDEF 14A2026-04-140001999371-26-008266Section “2025 Summary Compensation Table” · page 76. As printed: 1,814,078. Filing ↗machine: t383 · r18 · c24 · span 1153418–1153427
3Section 01, Carl SchweihsDEF 14A2026-04-140001999371-26-008266Section “2025 Summary Compensation Table” · page 76. As printed: 1,774,732. Filing ↗machine: t383 · r6 · c24 · span 1131811–1131820
4Section 01, Garrett FerenczDEF 14A2026-04-140001999371-26-008266Section “2025 Summary Compensation Table” · page 76. As printed: 1,597,255. Filing ↗machine: t383 · r10 · c24 · span 1138998–1139007
5Section 01, Richard BetoriDEF 14A2026-04-140001999371-26-008266Section “2025 Summary Compensation Table” · page 76. As printed: 1,245,915. Filing ↗machine: t383 · r14 · c24 · span 1146203–1146212
6Section 03, Kristy Willis PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r27 · c25 · span 1337988–1337994
7Section 03, Garrett Ferencz RSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r15 · c33 · span 1259477–1259483
8Section 03, Garrett Ferencz PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r17 · c25 · span 1271268–1271274
9Section 03, Taryn Owen PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r7 · c25 · span 1204543–1204549
10Section 03, Taryn Owen RSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r5 · c33 · span 1192747–1192754
11Section 03, Carl Schweihs RSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r10 · c33 · span 1226114–1226120
12Section 03, Carl Schweihs PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r11 · c25 · span 1231345–1231351
13Section 03, Richard Betori PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r22 · c25 · span 1304629–1304635
14Section 03, Richard Betori RSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r20 · c33 · span 1292839–1292845
15Section 03, Carl Schweihs PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r12 · c25 · span 1237905–1237911
16Section 03, Taryn Owen PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r6 · c25 · span 1197981–1197988
17Section 03, Garrett Ferencz PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r16 · c25 · span 1264708–1264714
18Section 03, Richard Betori PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r21 · c25 · span 1298070–1298076
19Section 03, Kristy Willis RSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r25 · c33 · span 1326198–1326204
20Section 03, Kristy Willis PSUDEF 14A2026-04-140001999371-26-008266Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t388 · r26 · c25 · span 1331429–1331435
21Section 07, pay ratioDEF 14A2026-04-140001999371-26-008266Section “CEO Pay Ratio”. As printed: 389 : 1. Filing ↗machine: span 1584353–1584359
22Section 08, Jeffrey B. SakaguchiDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 284,258. Filing ↗machine: t122 · r7 · c3 · span 498958–498971
23Section 08, Kim Harris JonesDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 230,084. Filing ↗machine: t122 · r3 · c3 · span 494934–494947
24Section 08, William C. GoingsDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 230,084. Filing ↗machine: t122 · r2 · c3 · span 493936–493949
25Section 08, Colleen B. BrownDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 228,074. Filing ↗machine: t122 · r1 · c3 · span 492937–492944
26Section 08, Kristi A. SavacoolDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 224,324. Filing ↗machine: t122 · r8 · c3 · span 499958–499971
27Section 08, Paul G. ReitzDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 207,032. Filing ↗machine: t122 · r6 · c3 · span 497956–497969
28Section 08, R. Chris KreidlerDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 207,032. Filing ↗machine: t122 · r4 · c3 · span 495944–495957
29Section 08, Sonita LontohDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 207,032. Filing ↗machine: t122 · r5 · c3 · span 496950–496963
30Section 08, William GreenblattDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, William J. SewardDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 0. Filing ↗
32Section 08, Taryn R. OwenDEF 14A2026-04-140001999371-26-008266Section “Director Compensation”. As printed: 0. Filing ↗
33Section 02, Sonita Lontoh 2026-06-05Form 42026-06-080001865256-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
34Section 06, 2026 voteForm 8-K2026-05-150000768899-26-000022Item 5.07 · say-on-pay result. As reported: 73.86% (votes for as printed: 18,365,258). Filing ↗
35Section 06, 2025 voteForm 8-K2025-05-160001628280-25-026292Item 5.07 · say-on-pay result. As reported: 86.75% (votes for as printed: 21,414,998). Filing ↗
36Section 06, 2024 voteForm 8-K2024-05-160000768899-24-000090Item 5.07 · say-on-pay result. As reported: 91.07% (votes for as printed: 24,590,177). Filing ↗
37Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)ComputedcomputedCash 887,250 + equity 930,670 + all other 0 = 1,817,920, summed across the director compensation table rows.machine: formula: Σ = 1,817,920
39Equifax, Inc, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127556CEO total compensation as printed in Equifax, Inc's own proxy. As printed: 23,420,134. Filing ↗machine: r2 · c44 · span 1228991–1229001
40Gartner, Inc, Section 10b CEO totalDEF 14A2026-04-150000749251-26-000159CEO total compensation as printed in Gartner, Inc's own proxy. As printed: 19,226,580. Filing ↗machine: r2 · c21 · span 686397–686407
41ASGN, Inc, Section 10b CEO totalDEF 14A2026-04-270000890564-26-000031CEO total compensation as printed in ASGN, Inc's own proxy. As printed: 10,475,672. Filing ↗machine: t64 · r2 · c7 · span 641233–641243
42Robert Half, Inc., Section 10b CEO totalDEF 14A2026-04-100000315213-26-000010CEO total compensation as printed in Robert Half, Inc.'s own proxy. As printed: 6,073,178. Filing ↗machine: r4 · c21 · span 645431–645440
43Perficient, Inc., Section 10b CEO totalDEF 14A2024-04-170001085869-24-000065CEO total compensation as printed in Perficient, Inc.'s own proxy. As printed: 5,809,472. Filing ↗machine: span 393487–393496
44Barrett Business Services, Section 10b CEO totalDEF 14A2026-04-200001193125-26-163963CEO total compensation as printed in Barrett Business Services's own proxy. As printed: 5,002,291. Filing ↗machine: span 513664–513673
45TrueBlue (subject), Section 10b CEO totalDEF 14A2026-04-140001999371-26-008266CEO total compensation as printed in TrueBlue's own proxy. As printed: 4,614,104. Filing ↗machine: t383 · r2 · c24 · span 1124603–1124612
46Resources Connection, Section 10b CEO totalDEF 14A2025-09-040001084765-25-000144CEO total compensation as printed in Resources Connection's own proxy. As printed: 2,673,316. Filing ↗machine: r5 · c30 · span 794481–794490
47Section 10a, Perficient, Inc. reciprocityDEF 14A0001085869-24-000065Perficient, Inc.'s most recent proxy was read; its disclosed peer group does not include TrueBlue. Filing ↗
48Section 10a, ASGN, Inc reciprocityDEF 14A0000890564-26-000031ASGN, Inc's most recent proxy was read; its disclosed peer group does not include TrueBlue. Filing ↗
49Section 10a, Resources Connection reciprocityDEF 14A0001084765-25-000144Resources Connection's most recent proxy was read; its disclosed peer group does not include TrueBlue. Filing ↗
50Section 10a, Barrett Business Services reciprocityDEF 14A0001193125-26-163963Barrett Business Services names TrueBlue in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Gartner, Inc reciprocityDEF 14A0000749251-26-000159Gartner, Inc's most recent proxy was read; its disclosed peer group does not include TrueBlue. Filing ↗