Heritage Financial EVP exercises RSUs, withholds shares
Heritage Financial Corp executive William Glasby, EVP and Chief Information Officer, carried out equity award transactions in company stock.
Rhea-AI Filing Summary
Heritage Financial Corp executive William Glasby, EVP and Chief Information Officer, carried out equity award transactions in company stock. On 2026-07-17 he exercised or converted awards covering 12,815 shares of common stock at an indicative $30.52 per share and had 3,379 shares withheld to satisfy tax obligations. The transactions relate to restricted stock units granted under 2023, 2024 and 2026 Omnibus Equity Plans, which vest over three years, with certain 2026 grants fully vesting by March 15, 2029, and were not marked as pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,815 shares exercised/converted
Exercise
29 txns
Insider
Glasby William
Role
EVP Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 265 | $30.52 | $8K |
| Exercise | Restricted Stock Units | 265 | $30.52 | $8K |
| Exercise | Restricted Stock Units | 264 | $30.52 | $8K |
| Exercise | Restricted Stock Units | 264 | $30.52 | $8K |
| Exercise | Restricted Stock Units | 302 | $30.52 | $9K |
| Exercise | Restricted Stock Units | 301 | $30.52 | $9K |
| Exercise | Restricted Stock Units | 301 | $30.52 | $9K |
| Exercise | Restricted Stock Units | 301 | $30.52 | $9K |
| Exercise | Restricted Stock Units F1, F2 | 1,824 | $30.52 | $56K |
| Exercise | Restricted Stock Units F3, F4 | 1,595 | $30.52 | $49K |
| Exercise | Restricted Stock Units F3, F4 | 1,595 | $30.52 | $49K |
| Exercise | Restricted Stock Units F5, F6, F7 | 1,846 | $30.52 | $56K |
| Exercise | Restricted Stock Units F5, F6, F7 | 1,846 | $30.52 | $56K |
| Exercise | Restricted Stock Units F5, F6, F7 | 1,846 | $30.52 | $56K |
| Exercise | Common Stock | 265 | $30.52 | $8K |
| Exercise | Common Stock | 265 | $30.52 | $8K |
| Exercise | Common Stock | 264 | $30.52 | $8K |
| Exercise | Common Stock | 264 | $30.52 | $8K |
| Exercise | Common Stock | 302 | $30.52 | $9K |
| Exercise | Common Stock | 301 | $30.52 | $9K |
| Exercise | Common Stock | 301 | $30.52 | $9K |
| Exercise | Common Stock | 301 | $30.52 | $9K |
| Exercise | Common Stock | 1,824 | $30.52 | $56K |
| Exercise | Common Stock | 1,595 | $30.52 | $49K |
| Exercise | Common Stock | 1,595 | $30.52 | $49K |
| Exercise | Common Stock | 1,846 | $30.52 | $56K |
| Exercise | Common Stock | 1,846 | $30.52 | $56K |
| Exercise | Common Stock | 1,846 | $30.52 | $56K |
| Exercise Price or Tax Liability | Common Stock | 3,379 | $30.52 | $103K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 22,344 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. RSU Grant February 2024
- F3. RSU Grant February 2025
- F4. 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.
- F5. RSU Grant 2026
- F6. $0.00
- F7. 3 year ratable vesting with final vesting on March 15, 2029
Key Figures
Derivative shares exercised: 12,815 shares
Shares withheld for taxes: 3,379 shares
Reported transaction price: $30.5200 per share
+2 more
5 metrics
Derivative shares exercised
12,815 shares
Total derivative exercises (code M) on 2026-07-17 per transaction summary
Shares withheld for taxes
3,379 shares
Tax-withholding disposition (code F) on 2026-07-17 per transaction summary
Reported transaction price
$30.5200 per share
Price per share reported for common stock and RSU-related transactions on 2026-07-17
RSU exercise price
$0.00 per share
Conversion or exercise price for certain RSU grants labeled RSU Grant 2026
Final vesting date for 2026 RSU grant
March 15, 2029
Three-year ratable vesting with final vesting on March 15, 2029 per footnote
Key Terms
Restricted Stock Units, Omnibus Equity Plan, tax-withholding disposition, derivative security
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" for several derivative transactions."
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.
Omnibus Equity Plan financial
"Represents award pursuant to 2024 Omnibus Equity Plan; shares vest one third per year"
An omnibus equity plan is a single company program that authorizes issuing various types of stock-based pay—such as options, restricted shares, and performance awards—to employees, officers and directors. It matters to investors because it shows how a company motivates and retains key people and also indicates the potential for share dilution; think of it as a common wallet the company can draw from to reward staff, which affects ownership and future earnings per share.
tax-withholding disposition financial
""transaction_action": "tax-withholding disposition" for the F-code transaction."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Heritage Financial (HFWA) executive William Glasby complete on 2026-07-17?
William Glasby exercised or converted equity awards into 12,815 shares of Heritage Financial common stock and had 3,379 shares withheld to cover tax obligations. Activity consisted of restricted stock unit vesting and related conversions, with no open-market purchases or sales reported.
Were William Glasby’s HFWA transactions under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox for this set of transactions was left unchecked, indicating the reported equity award exercises and tax-withholding disposition were not affirmatively designated as occurring pursuant to a pre-arranged 10b5-1 trading plan.
What are the vesting terms of HFWA restricted stock units granted to William Glasby?
Footnotes state RSU awards under the 2023 and 2024 Omnibus Equity Plans vest one third per year over three years, each unit delivering one common share. A 2026 RSU grant vests ratably over three years, with final vesting on March 15, 2029.
Which securities did William Glasby transact in Heritage Financial (HFWA)?
Transactions involved Common Stock and Restricted Stock Units. Code M entries reflect exercises or conversions of RSUs into common shares, while a single code F transaction represents a tax-withholding disposition of common stock used to satisfy related tax liabilities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
