Heritage Financial (HFWA) director converts 2,218 RSUs into common stock holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heritage Financial Corp. director Trevor D. Dryer exercised restricted stock units into common shares. On May 1, 2026, he converted 2,218 RSUs at a stated value of $27.61 per share into the same number of common shares, bringing his direct holdings to 9,977 common shares. No open-market buy or sell was reported in this filing; the activity reflects equity compensation vesting rather than trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,218 shares exercised/converted
Mixed
2 txns
Insider
Dryer Trevor D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,218 | $27.61 | $61K |
| Exercise | Common Stock | 2,218 | $27.61 | $61K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 9,977 shares (Direct, null)
Footnotes (1)
Key Figures
RSUs exercised: 2,218 units
Stated value per share: $27.61 per share
Common shares received: 2,218 shares
+1 more
4 metrics
RSUs exercised
2,218 units
Restricted Stock Units converted on May 1, 2026
Stated value per share
$27.61 per share
Value used for RSU-to-common conversion
Common shares received
2,218 shares
Common stock acquired via RSU exercise
Shares held after transaction
9,977 shares
Direct common stock holdings post-transaction
Key Terms
Restricted Stock Units, derivative security, Form 4
3 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" in the derivative transaction"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did HFWA director Trevor D. Dryer report?
Trevor D. Dryer reported exercising restricted stock units into Heritage Financial common stock. He converted 2,218 RSUs at a stated value of $27.61 per share on May 1, 2026, receiving 2,218 common shares as part of his equity compensation.
Were any derivative or option positions left after the HFWA Form 4 transaction?
The Form 4 data show no remaining derivative positions after the transaction. The restricted stock unit position dropped to zero following the conversion of 2,218 RSUs into Heritage Financial common shares, indicating this specific RSU award was fully settled.