Heritage Financial (NASDAQ: HFWA) director receives 1,999 RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERITAGE FINANCIAL CORP director Brian L. Vance received a grant of 1,999 Restricted Stock Units on June 17, 2026. The RSUs have a stated value of $27.52 per unit and convert into 1,999 shares of common stock, with an exercise/vesting date of May 3, 2027. Following this compensation-related award, he holds 1,999 derivative units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VANCE BRIAN L
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)
Key Figures
RSUs granted: 1,999 units
Grant reference price: $27.52 per unit
Underlying common shares: 1,999 shares
+2 more
5 metrics
RSUs granted
1,999 units
Restricted Stock Units granted on June 17, 2026
Grant reference price
$27.52 per unit
Transaction price per RSU at grant
Underlying common shares
1,999 shares
Common stock underlying the RSU award
Holdings after grant
1,999 derivative units
Total RSUs following the reported transaction
Vesting/expiration date
May 3, 2027
Exercise and expiration date of RSUs
Key Terms
Restricted Stock Units, transaction code "A", underlying security, derivative
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.
transaction code "A" regulatory
"transaction_code_description: "Grant, award, or other acquisition""
underlying security financial
"underlying_security_title: "Common Stock""
derivative financial
"transaction_type: "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did HFWA director Brian L. Vance report?
Brian L. Vance reported receiving 1,999 Restricted Stock Units as a compensation-related award. These RSUs were granted on June 17, 2026 and are tied to Heritage Financial common stock on a one-for-one basis, increasing his derivative holdings to 1,999 units.
What is the value per unit of the RSU grant reported by HFWA?
The Restricted Stock Units were valued at $27.52 per unit at grant. This reference price helps indicate the award’s notional value for compensation purposes, although RSUs themselves do not involve a cash purchase by the director at the time of grant.
When do the granted HFWA Restricted Stock Units vest or become exercisable?
The RSUs carry an exercise and expiration date of May 3, 2027. This date reflects when the units are scheduled to vest or settle under the award terms, potentially delivering Heritage Financial common shares to the director at that time.
Does the HFWA Form 4 show a stock purchase or sale by Brian Vance?
The Form 4 shows an acquisition through a grant, not a market trade. The transaction code “A” indicates a grant or award of 1,999 Restricted Stock Units as compensation, with no open-market buying or selling reported in this filing.