HFWA EVP exercises 4,516 RSUs into shares
Rhea-AI Filing Summary
Heritage Financial Corp EVP Chief Lending Officer Matthew T. Ray exercised restricted stock units into common shares of HFWA. On March 16, 2026, he converted a total of 4,516 RSUs into the same number of common shares at a stated value of $24.89 per share. 749 of these shares were withheld to cover tax obligations, and he now directly owns 26,427 shares of Heritage Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,767 shares
Net Buy
13 txns
Insider
Ray Matthew T.
Role
EVP Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 504 | $24.89 | $13K |
| Exercise | Restricted Stock Units | 155 | $24.89 | $4K |
| Exercise | Restricted Stock Units | 662 | $24.89 | $16K |
| Exercise | Restricted Stock Units | 530 | $24.89 | $13K |
| Exercise | Restricted Stock Units | 1,664 | $24.89 | $41K |
| Exercise | Restricted Stock Units | 1,001 | $24.89 | $25K |
| Exercise | Common Stock | 504 | $24.89 | $13K |
| Exercise | Common Stock | 155 | $24.89 | $4K |
| Exercise | Common Stock | 662 | $24.89 | $16K |
| Exercise | Common Stock | 530 | $24.89 | $13K |
| Exercise | Common Stock | 1,664 | $24.89 | $41K |
| Exercise | Common Stock | 1,001 | $24.89 | $25K |
| Exercise Price or Tax Liability | Common Stock | 749 | $24.89 | $19K |
Holdings After Transaction:
Restricted Stock Units — 8,544 shares (Direct);
Common Stock — 26,427 shares (Direct)
Footnotes (6)
- F1. RSU award granted 03/01/2018
- F2. RSU award granted 02/22/2022
- F3. RSU Grant February 2024
- F4. Represents award pursuant to 2024 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.
- F5. RSU Grant February 2025
- F6. Represents award pursuant to 2023 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.
FAQ
What insider transaction did HFWA executive Matthew T. Ray report on March 16, 2026?
Matthew T. Ray reported exercising restricted stock units into common shares. He converted 4,516 RSUs into Heritage Financial common stock at a stated value of $24.89 per share, reflecting routine equity compensation rather than an open-market stock purchase or sale.
Were any of Matthew T. Ray’s HFWA transactions open-market buys or sells?
No, the filing shows no open-market purchases or sales. All activity involves RSU exercises coded “M” and a single “F” transaction for tax withholding, meaning shares were generated from equity awards and a portion was delivered back to cover tax obligations.
What does the tax-withholding transaction in Matthew T. Ray’s HFWA Form 4 mean?
The Form 4 reports an “F” code disposition of 749 shares for tax withholding. This indicates Heritage Financial withheld shares to satisfy tax liabilities on vested RSUs, a common non-market mechanism that does not represent an open-market sale decision by the executive.
How many RSUs did Matthew T. Ray exercise in this Heritage Financial (HFWA) filing?
He exercised 4,516 restricted stock units into an equal number of HFWA common shares. The RSUs relate to prior equity grants, some under the company’s 2023 and 2024 Omnibus Equity Plans, which vest in installments over a three-year period according to the disclosed footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
