Saunders Karen R 4

What Happened
Karen R. Saunders, a director of Heritage Financial Corp (HFWA), was granted a derivative award on 2026-06-17 for 1,999 shares at a reported value of $27.52 per share, totaling $55,012. This was an award/grant (acquisition) of derivative securities — typically part of board compensation — rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-17; Price/value per share: $27.52; Total value: $55,012.
• Transaction type: A = Award/Grant (derivative security).
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnotes/plan details: Filing does not specify vesting, conversion terms, or a 10b5‑1 plan.
• Timeliness: Reported and filed on 2026-06-17 (appears timely).

Context
Derivative awards commonly represent restricted stock units (RSUs) or similar instruments that convert to common shares subject to vesting/conditions. Because the filing does not specify vesting or immediate conversion, this looks like routine equity compensation for a director rather than an outright market purchase or sale and should not be interpreted as a direct buy or sell signal on its own.