VANCE BRIAN L 4

What Happened

• Brian L. Vance, a director of Heritage Financial Corp (HFWA), exercised stock options on May 1, 2026. He acquired 2,218 shares at an exercise price of $27.61 per share (total cost/value $61,239). The filing also shows a contemporaneous disposition of the same 2,218 shares (derivative), indicating the shares were sold or transferred immediately after exercise.

Key Details

• Transaction date: 2026-05-01; Exercise price: $27.61; Shares involved: 2,218; Total value: $61,239.
• Transaction codes: M = option exercise (acquisition); disposition recorded as derivative (contemporaneous sale/transfer).
• Shares owned after the transaction: not specified in the provided filing excerpt — see the full Form 4 for total holdings.
• No 10b5-1 plan, tax-withholding footnote, or late-filing flag was noted in the excerpt provided.

Context

• This is an option exercise with an immediate disposition of the same shares (commonly a cashless exercise or sale-to-cover), which is a routine liquidity/tax-management action and not a standalone signal of insider sentiment.
• For a complete picture of Vance’s holdings and any related plan terms, consult the full Form 4 filing (Accession 0001628280-26-029626).