McDonald Bryan 4

What Happened

• Bryan McDonald, President of Heritage Financial Corp (HFWA), was awarded 2 grants on Feb 25, 2026: a PSU grant of 7,081 units and an RSU grant of 7,081 units. Each grant is reported at $27.54 per share ($195,011 each), for a combined reported value of approximately $390,022.
• These were award/grant transactions (code A) of derivative securities — not open-market purchases. The awards represent future equity compensation that will vest according to the schedules below.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
• Grants: 7,081 PSUs (F1) and 7,081 RSUs (F4); total 14,162 units; reported per-grant value $195,011; combined ≈ $390,022.
• Per-share report price: $27.54.
• Vesting: PSUs cliff-vest after 3 years on 3/15/2029 (F3). RSUs vest ratably over 3 years with final vesting on 3/15/2029 (F5).
• Footnote F2 shows $0.00, indicating no cash purchase price for the awards (granted as compensation).
• Shares owned after the transaction are not provided in the information you supplied.

Context

• These are compensation awards (PSUs and RSUs). They do not represent an immediate cash purchase or sale and generally cannot be sold until they vest and, for PSUs, any performance conditions are met.
• Such grants are common executive compensation and are informational rather than a direct bullish/bearish market signal.