Heritage Financial (HFWA) director converts 2,218 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERITAGE FINANCIAL CORP (HFWA) director Kimberly T. Ellwanger exercised restricted stock units into common stock. On May 1, 2026, 2,218 restricted stock units converted into 2,218 shares of common stock at an indicated value of $27.61 per share. Following this derivative exercise, Ellwanger directly owns 35,037 shares of common stock. The filing shows no open-market sales, only the conversion of a derivative security into common shares, with no remaining derivative position reported in this Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,218 shares exercised/converted
Mixed
2 txns
Insider
Ellwanger Kimberly T
Role
null
| 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 shares (Direct, null);
Common Stock — 35,037 shares (Direct, null)
Footnotes (1)
Key Figures
RSUs exercised: 2,218 units
Implied share price: $27.61 per share
Shares received: 2,218 shares
+2 more
5 metrics
RSUs exercised
2,218 units
Restricted Stock Units converted on May 1, 2026
Implied share price
$27.61 per share
Transaction price per share for 2,218 RSUs
Shares received
2,218 shares
Common stock received from RSU conversion
Post-transaction holdings
35,037 shares
Direct common stock ownership after exercise
Conversion price
$0.00 per unit
RSU conversion or exercise price
Key Terms
Restricted Stock Units, derivative security, Common Stock
3 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.
FAQ
What insider transaction did HFWA director Kimberly Ellwanger report?
Kimberly T. Ellwanger reported exercising 2,218 restricted stock units into common stock. The transaction converted derivative securities into 2,218 HFWA common shares at an indicated value of $27.61 per share, with no open-market buying or selling reported.
Was the HFWA Form 4 transaction a purchase or an exercise?
The HFWA Form 4 shows an exercise of derivative securities, not an open-market purchase. Ellwanger converted 2,218 restricted stock units into 2,218 shares of common stock, classified as a derivative exercise/conversion rather than a traditional stock market buy.
What price is associated with the HFWA restricted stock unit exercise?
The restricted stock unit exercise is associated with a transaction price of $27.61 per share. This value applies to the 2,218 units converted into 2,218 shares of Heritage Financial common stock as disclosed in the Form 4 transaction details.