HFWA (HFWA) CFO converts RSUs and PSUs, ends with 45,083 shares
Rhea-AI Filing Summary
HERITAGE FINANCIAL CORP (HFWA) EVP and CFO Donald Hinson exercised equity awards into common stock. On March 16, 2026, he converted a total of 3,685 restricted stock units and performance share units into shares of common stock, reflecting vesting of prior grants under the company’s omnibus equity plans.
Following these exercises and a related tax-withholding transaction of 689 shares, Hinson directly owned 45,083 shares of common stock. The underlying awards include grants from 2023 and 2024 that vest over three years or upon meeting performance metrics, highlighting compensation tied to multi‑year performance and service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,685 shares exercised/converted
Mixed
9 txns
Insider
Hinson Donald
Role
EVPand Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 850 | $24.89 | $21K |
| Exercise | Restricted Stock Units | 1,455 | $24.89 | $36K |
| Exercise | Performance Share Units | 203 | $24.89 | $5K |
| Exercise | Restricted Stock Units | 1,177 | $24.89 | $29K |
| Exercise | Common Stock | 850 | $24.89 | $21K |
| Exercise | Common Stock | 1,455 | $24.89 | $36K |
| Exercise | Common Stock | 203 | $24.89 | $5K |
| Exercise | Common Stock | 1,177 | $24.89 | $29K |
| Tax Withholding | Common Stock | 689 | $24.89 | $17K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Share Units — 0 shares (Direct);
Common Stock — 42,937 shares (Direct)
Footnotes (1)
- 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. RSU Grant February 2024 PSU Grant 02/22/23 Represents stock performance unit granted pursuant to the 2014 Omnibus Equity Plan. Units vest after three years contingent on meeting performance metrics. RSU Grant February 2025 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HFWA CFO Donald Hinson report on March 16, 2026?
Donald Hinson reported exercising equity awards into common stock. He converted 3,685 restricted stock units and performance share units into HERITAGE FINANCIAL CORP common shares as previously granted awards vested under the company’s omnibus equity plans tied to service and performance conditions.
What types of equity awards did HFWA grant to CFO Donald Hinson that vested here?
The awards were restricted stock units and performance share units under the 2014, 2023, and 2024 omnibus equity plans. Restricted units generally vest one-third per year over three years, while performance units vest after three years if specified performance metrics are met, then convert into common stock.
What do the exercise details reveal about remaining HFWA derivative positions for Donald Hinson?
The data show 3,685 derivative shares exercised and a derivative summary with no remaining positions listed. This indicates the reported restricted stock units and performance share units were fully converted into common stock as of the transaction date, with no additional derivative awards detailed in this filing.