Boston Partners (TBI) discloses 3.25M-share, 10.83% position in TrueBlue (TBI)

Rhea-AI Filing Summary

Boston Partners filed an amendment on Schedule 13G/A disclosing beneficial ownership of 3,254,527 shares of TrueBlue, Inc. common stock, representing 10.83% of the class as of 03/31/2026. The filing states the shares are held in discretionary client accounts and that, by reason of Rule 13d-3, Boston Partners may be deemed a beneficial owner. The filing reports Boston Partners has sole voting power over 3,254,527 shares and no dispositive power. The amendment was signed on 04/03/2026.

Insights

Institutional Ownership Analyst

Large passive stake disclosed: 3,254,527 shares (10.83%) held for discretionary clients.

Boston Partners reports sole voting power on 3,254,527 shares, equaling 10.83% of TrueBlue's common stock as of 03/31/2026. The position is presented as holdings for client accounts rather than an operating or strategic stake.

Key dependencies: voting direction by the manager and any future amendments changing percent ownership. Subsequent filings will show whether this is stable or adjusted.

Compliance Counsel (SEC)

Schedule 13G/A amendment properly attributes ownership and voting power under Rule 13d-3.

The filing identifies Boston Partners as the reporting person, cites discretionary client accounts, and notes potential beneficial ownership under Rule 13d-3. It specifies voting and dispositive powers separately, with dispositive power reported as zero.

Filing formalities appear satisfied by the signed amendment dated 04/03/2026; any change in intent or control would require an updated filing.

Key Figures

Shares beneficially owned: 3,254,527 shares Percent of class: 10.83% Filing type: Schedule 13G/A +4 more

7 metrics

Shares beneficially owned 3,254,527 shares Amount held by Boston Partners as of 03/31/2026

Percent of class 10.83% Ownership percentage of TrueBlue common stock as of 03/31/2026

Filing type Schedule 13G/A Amendment reporting beneficial ownership

Sole voting power 3,254,527 shares Voting power reported by Boston Partners

Dispositive power 0.00 shares Boston Partners reports no power to dispose as of 03/31/2026

Reporting date 03/31/2026 Date to which ownership figures apply

Signature date 04/03/2026 Date the amendment was signed

Key Terms

Schedule 13G/A, beneficial owner, Rule 13d-3, sole voting power

4 terms

Schedule 13G/A regulatory

"This Schedule is being filed with respect to 3,254,527 shares"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial owner regulatory

"By reason of rule 13d-3 Boston Partners may be deemed to be a beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Rule 13d-3 regulatory

"By reason of rule 13d-3 under the act Boston Partners may be deemed"

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

sole voting power other

"Sole Voting Power 3,254,527.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

TrueBlue, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

89785X101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 89785X101

1

Names of Reporting Persons

Boston Partners

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,254,527.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.83 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TrueBlue, Inc.
(b)	Address of issuer's principal executive offices: 1015 A STREET, TACOMA, WASHINGTON 98402
Item 2.
(a)	Name of person filing: Boston Partners
(b)	Address or principal business office or, if none, residence: ONE BEACON STREET 30TH FLOOR BOSTON, Massachusetts 02108
(c)	Citizenship: Boston Partners - DELAWARE
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 10.83 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Boston Partners - 3,254,527
	(ii) Shared power to vote or to direct the vote: Boston Partners - 0
	(iii) Sole power to dispose or to direct the disposition of: Boston Partners - 0
	(iv) Shared power to dispose or to direct the disposition of: Boston Partners - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. This Schedule is being filed with respect to 3,254,527 shares of Trueblue, Inc. (the Common Stock) held by Boston Partners on 03/31/2026 for the discretionary account of certain clients. By reason of rule 13d-3 under the act Boston Partners may be deemed to be a beneficial owner of such Common Stock. To the knowledge of Boston Partners no person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Common Stock which represents more than 10% of the outstanding shares of the Common Stock referred to in item 4(b) hereof.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Boston Partners

Signature:	/s/Ali Farooqi
Name/Title:	Senior Compliance Manager
Date:	04/03/2026

FAQ

What stake in TrueBlue (TBI) does Boston Partners report?

Boston Partners reports ownership of 3,254,527 shares, representing 10.83% of TrueBlue's common stock as of 03/31/2026. The shares are held in discretionary client accounts and reported on Schedule 13G/A.

Does Boston Partners control the shares of TrueBlue (TBI)?

The filing states Boston Partners has sole voting power for 3,254,527 shares but reports no sole or shared dispositive power. Shares are held for client accounts; voting authority is exercised by Boston Partners per the filing.

Why is Rule 13d-3 mentioned in the TBI filing?

Rule 13d-3 is cited because Boston Partners' management of discretionary client accounts means it may be deemed a beneficial owner of the reported shares under that rule, prompting the Schedule 13G/A disclosure.

When was the Schedule 13G/A amendment for TBI signed?

The amendment was signed by a Boston Partners representative on 04/03/2026. The ownership figures are reported as of 03/31/2026 in the filing.

Does the filing indicate Boston Partners will sell TrueBlue shares?

The Schedule 13G/A describes current holdings and voting power; it does not state any intent to sell or plans for disposition. The filing only reports ownership as of 03/31/2026.