Glasby William 4

What Happened
William Glasby, Executive Vice President & Chief Information Officer of Heritage Financial Corp (HFWA), was granted 5,538 restricted stock units (RSUs) on February 25, 2026. The award is recorded at $27.54 per share for a total reported value of $152,517. This was an equity award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant (Form 4 code A); derivative RSU grant.
• Date and value: 2026-02-25; 5,538 RSUs @ $27.54 each; total $152,517.
• Vesting: Footnote indicates 3-year ratable vesting with final vesting on March 15, 2029.
• Footnotes: F1 = "RSU Grant 2026"; F2 = "$0.00" (filing provides no additional explanation); F3 = vesting schedule noted above.
• Shares owned after transaction: Not specified in this Form 4.
• Timeliness: Report filed 2026-02-27 for a 2026-02-25 transaction (filed within the typical two-business-day Form 4 window).

Context
RSU grants are time-based equity awards that vest into company shares over the stated schedule and are not an immediate buy or sell signal. Because these units vest over three years, they represent future potential share issuance to the executive rather than an immediate change in market-held shares.