Heritage Financial director exercises 2,218 RSUs
Heritage Financial Corp director Karen R. Saunders exercised restricted stock units into common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Heritage Financial Corp director Karen R. Saunders exercised restricted stock units into common shares. On May 1, 2026, she converted 2,218 Restricted Stock Units into 2,218 shares of Common Stock at a reference price of $27.61 per share. All shares are held directly, and this filing shows an exercise-and-hold transaction with no reported share sale.
Insider Trade Summary
2,218 shares exercised/converted
Exercise
2 txns
Insider
Saunders Karen R
Role
Director
| 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 contracts (Direct);
Common Stock — 2,218 shares (Direct)
Key Figures
RSUs exercised: 2,218 units
Common shares acquired: 2,218 shares
Reference price: $27.61 per share
+1 more
4 metrics
RSUs exercised
2,218 units
Restricted Stock Units converted on May 1, 2026
Common shares acquired
2,218 shares
Common Stock received from RSU exercise
Reference price
$27.61 per share
Price associated with 2,218-share transaction
Shares held after transaction
2,218 shares
Direct ownership following the exercise
Key Terms
Restricted Stock Units, derivative security, Common Stock, Form 4
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HFWA director Karen R. Saunders report?
Karen R. Saunders reported exercising 2,218 Restricted Stock Units into 2,218 shares of Heritage Financial common stock. The transaction, dated May 1, 2026, reflects a derivative exercise, not an open-market purchase or sale, and results in directly held shares.
What does the $27.61 price in the HFWA Form 4 represent?
The Form 4 lists a $27.61 per share figure associated with the 2,218-share transaction. This amount functions as the reference price for the derivative exercise, indicating the value used when Restricted Stock Units converted into common stock.
Were any derivative positions left after Karen R. Saunders’ HFWA RSU exercise?
The filing shows that the specific block of 2,218 Restricted Stock Units was fully exercised, leaving zero units from that award. The derivative summary in this report is empty, indicating no remaining derivative positions disclosed in this particular filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates