Heritage Financial (HFWA) EVP Tony Chalfant Exercises Options

What Happened

• Tony Chalfant, Executive Vice President & Chief Credit Officer at Heritage Financial (HFWA), exercised stock options on 2026-06-15 to acquire 1,316 shares at an exercise price of $28.44 per share, resulting in a gross value of $37,427. The filing also shows 135 shares were withheld to satisfy tax liabilities (value $3,839). The report includes a derivative disposition line associated with the same 1,316-share option exercise.

Key Details

• Transaction date: 2026-06-15
• Exercise price and reported value: 1,316 shares @ $28.44 = $37,427 (code M = option exercise/conversion)
• Tax withholding: 135 shares @ $28.44 = $3,839 (code F = payment of exercise price or tax liability via share withholding)
• Shares owned after the transactions: not specified in the filing
• Filing timeliness: filed same day (no late filing reported)
• Notes: Code M indicates option exercise/conversion; code F indicates shares were used to cover taxes. The separate derivative-disposition line reflects the option/derivative being converted/exercised.

Context

• This is an option exercise rather than an open-market purchase or a sale. The withholding of 135 shares for taxes is a routine administrative step common in option exercises and does not by itself indicate a change in insider sentiment. The filing does not state whether remaining shares were sold or retained.