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Heritage Financial (HFWA) director awarded 1,999 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Saunders Karen R reported acquisition or exercise transactions in this Form 4 filing.

Heritage Financial Corp. director Karen R. Saunders received a grant of 1,999 restricted stock units linked to the company’s common stock. Each unit references a share at $27.52. The award is scheduled to settle on May 3, 2027, and she now directly holds 1,999 units.

Positive

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Negative

  • None.
Insider Saunders Karen R
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,999 $27.52 $55K
Holdings After Transaction: Restricted Stock Units — 1,999 shares (Direct, null)
Footnotes (1)
Restricted stock units granted 1,999 units Grant to director Karen R. Saunders on June 17, 2026
RSU reference price $27.52 per share Value per underlying Heritage Financial common share
Underlying common shares 1,999 shares Common stock underlying the granted restricted stock units
Post-grant RSU holdings 1,999 units Total restricted stock units held directly after this transaction
Settlement date May 3, 2027 Scheduled settlement and expiration date for the RSUs
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
underlying security title financial
"underlying_security_title: "Common Stock""
Common Stock financial
"underlying_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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Saunders Karen R
(Last)(First)(Middle)
201 5TH AVE SW
(Street)
OLYMPIA WASHINGTON 98501
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HERITAGE FINANCIAL CORP /WA/ [ HFWA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$006/17/2026A1,99905/03/202705/03/2027Common Stock1,999$27.521,999D
Explanation of Responses:
Remarks:
/s/ Kaylene Lahn Attorney in Fact for Karen R Saunders06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did the HFWA Form 4 report for director Karen R. Saunders?

The Form 4 reports that director Karen R. Saunders received a grant of 1,999 restricted stock units. These units reference Heritage Financial common stock at $27.52 per share, settling into the same number of shares on May 3, 2027, if award conditions are satisfied.

How many Heritage Financial (HFWA) restricted stock units were granted?

Karen R. Saunders was granted 1,999 restricted stock units. Each unit corresponds to one share of Heritage Financial common stock, with a reference price of $27.52 per share, giving her a direct derivative holding of 1,999 units after this compensation-related award.

What is the reference price of the HFWA restricted stock units granted?

The restricted stock units granted to Karen R. Saunders carry a reference price of $27.52 per share. This price reflects the value used for the award, and each of the 1,999 units is tied to one share of Heritage Financial common stock at that value.

When do Karen R. Saunders’ HFWA restricted stock units settle into common stock?

The 1,999 restricted stock units granted to Karen R. Saunders are scheduled to settle on May 3, 2027. On that date, subject to applicable conditions, they are designed to convert into 1,999 shares of Heritage Financial common stock, reflecting the underlying security relationship.

Is the HFWA Form 4 transaction a market purchase or a compensation grant?

The HFWA Form 4 reflects a compensation grant, not a market purchase. Karen R. Saunders acquired 1,999 restricted stock units coded as an “A” transaction, described as a grant, award, or other acquisition, with no open-market buying or selling reported in this filing.