Heritage Financial (HFWA) EVP exercises RSUs, holds 12,908 common shares
Rhea-AI Filing Summary
Heritage Financial Corp (HFWA) executive William Glasby exercised restricted stock units into common shares. On March 16, 2026, he converted 5,291 RSUs into the same number of shares of common stock at a reference price of $24.89 per share.
Of these shares, 1,338 were withheld to cover tax obligations, a non-market disposition, leaving Glasby with 12,908 shares of common stock held directly. The RSUs were granted under the company’s omnibus equity plans and vest over three years, reflecting routine equity-based compensation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,953 shares
Net Buy
9 txns
Insider
Glasby William
Role
EVP Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 302 | $24.89 | $8K |
| Exercise | Restricted Stock Units | 1,824 | $24.89 | $45K |
| Exercise | Restricted Stock Units | 1,571 | $24.89 | $39K |
| Exercise | Restricted Stock Units | 1,594 | $24.89 | $40K |
| Exercise | Common Stock | 302 | $24.89 | $8K |
| Exercise | Common Stock | 1,824 | $24.89 | $45K |
| Exercise | Common Stock | 1,571 | $24.89 | $39K |
| Exercise | Common Stock | 1,594 | $24.89 | $40K |
| Exercise Price or Tax Liability | Common Stock | 1,338 | $24.89 | $33K |
Holdings After Transaction:
Restricted Stock Units — 6,219 shares (Direct);
Common Stock — 12,908 shares (Direct)
Footnotes (4)
- 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HFWA executive William Glasby report?
William Glasby reported exercising restricted stock units into Heritage Financial (HFWA) common shares. He converted 5,291 RSUs at a reference price of $24.89, receiving shares as part of his equity compensation rather than through an open-market purchase.
Was there an open-market sale in William Glasby’s HFWA Form 4 filing?
No open-market sale occurred in this HFWA Form 4. The only disposition was 1,338 shares withheld for tax obligations, coded “F,” which reflects payment of taxes on vested equity rather than a discretionary sale into the market.
What type of awards did HFWA’s William Glasby exercise in this transaction?
Glasby exercised restricted stock units (RSUs) in Heritage Financial (HFWA). Each RSU converts into one share of common stock upon vesting, under the company’s omnibus equity plans, with awards typically vesting one-third per year over three years.
Which equity plans governed the RSU awards in HFWA’s insider transaction?
The RSU awards exercised by Glasby were granted under Heritage Financial’s 2023 and 2024 Omnibus Equity Plans. Footnotes explain that these RSUs vest over three years, one-third each year, and each vested unit delivers one share of common stock.
What is William Glasby’s role at Heritage Financial (HFWA) in this Form 4?
In this Form 4, William Glasby is identified as Executive Vice President and Chief Information Officer of Heritage Financial (HFWA). The reported RSU exercises and resulting common stock holdings relate to his executive equity compensation.