Hinson Donald 4

What Happened

• Donald Hinson, Chief Financial Officer of Heritage Financial Corp (HFWA), was granted two equity awards on 2026-02-25: 3,269 performance stock units (PSUs) and 3,269 restricted stock units (RSUs). Each award is reported at $27.54 per share (grant-date value $90,028), for a combined grant value of approximately $180,056. These are awards (derivative transactions), not open-market purchases.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27.
• Awards: 3,269 PSUs and 3,269 RSUs; grant value $27.54/share → $90,028 each, ~$180,056 total.
• Cash paid: $0.00 (award/compensation grant, per filing footnote).
• Vesting: PSUs = 3-year cliff vesting on 2029-03-15; RSUs = 3-year ratable vesting with final vesting on 2029-03-15 (footnotes F1–F5).
• Shares owned after transaction: not specified in the Form 4 provided.
• Filing timeliness: transaction dated Feb 25 and Form 4 filed Feb 27 (as reported).

Context

• PSUs are performance-based units and only convert to shares if performance/time conditions are met; RSUs convert to shares as they vest. Because these are compensation awards (code A), they reflect company pay practices rather than an open-market buy or sell by the insider.