Robison Sabrina C 4

What Happened

• Sabrina C. Robison, Executive Vice President & Chief HR Officer of Heritage Financial Corp (HFWA), had restricted stock units (RSUs) convert into 4,038 shares on March 16, 2026. The shares are reported at $24.89 each for a gross value of approximately $100,506.
• As part of the settlement, 744 shares were surrendered/withheld to cover tax liabilities (payment of tax withholding reported as 744 shares at $24.89 = ~$18,518). This is a routine vesting/settlement event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date and price: March 16, 2026; reported price $24.89 per share.
• Shares converted/acquired: 4,038 shares (aggregate value ≈ $100,506).
• Shares withheld for taxes (disposed under code F): 744 shares (≈ $18,518).
• Transaction codes: M = exercise/conversion of derivative (used here for RSU-to-share conversion); F = payment of exercise price or tax liability (share withholding for taxes).
• Footnotes: These shares relate to RSU awards (Feb 2024 and Feb 2025 grants) under the company’s Omnibus Equity Plans; awards generally vest one-third per year over three years (each RSU = right to one share on vesting).
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing timeliness: Form 4 filed March 18, 2026 for a March 16, 2026 transaction — appears timely (not marked late).

Context

• This filing reflects RSU vesting/settlement (reported as derivative conversion) with tax-withholding; it does not indicate an open-market sale by the insider. Such routine vesting events are common compensation settlements and are not a direct bullish or bearish signal by themselves.