Henning Thomas J 4

What Happened

Thomas J. Henning, Executive Vice President & Chief Risk Officer of Heritage Financial Corp. (HFWA), received an award of 5,225 restricted stock units (RSUs) on February 25, 2026. The grant is reported at a per-unit value of $27.54, for a total reported value of $143,897. The transaction is recorded as an award/grant (transaction code A).

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (appears timely under Section 16 rules).
• Award: 5,225 RSUs @ $27.54 each; total reported value $143,897.
• Transaction type: A (Grant/Award of derivative securities — RSUs).
• Vesting: 3-year ratable vesting with final vesting on March 15, 2029 (per footnote).
• Purchase price / cash paid: $0.00 (footnote indicates no cash paid at grant).
• Shares owned after transaction: Not specified in this filing.

Context

Restricted stock units are a form of deferred compensation that convert to actual shares only as they vest; they do not represent immediately tradable shares. This award is a typical form of executive compensation and does not by itself indicate an immediate purchase or sale of stock.