Giacobbe Gail B. 4

What Happened

• Gail B. Giacobbe, a director of Heritage Financial Corp. (HFWA), was granted/received a derivative award covering 1,999 shares on June 17, 2026. The award is reported at $27.52 per share, for a total reported value of $55,012. The filing classifies the transaction as an "A" (award/grant/other acquisition) and as a derivative.

Key Details

• Transaction date: 2026-06-17; reported price per share: $27.52; total reported value: $55,012.
• Shares received: 1,999 (derivative award). The filing indicates the instrument is a derivative; specifics on vesting or conversion were not included in the provided excerpt.
• Shares owned after transaction: not specified in the provided details.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the summary provided — the report was filed the same day as the transaction.
• Transaction code: A = award/grant/other acquisition; derivative treatment may mean the award vests or settles into common shares later.

Context

• This is an equity award to a director (common as part of director compensation). Unlike an open-market purchase or sale, awards are typically compensation-related and may vest over time or convert into stock upon settlement. Such grants provide information about compensation but do not, by themselves, confirm the insider’s immediate buying or selling sentiment.