Heritage Financial (HFWA) EVP exercises 5,040 RSUs, 918 shares withheld for taxes

Rhea-AI Filing Summary

Heritage Financial Corp executive Amy E. Curran reported routine equity compensation activity. On March 16, 2026, she exercised and converted restricted stock units into 5,040 shares of Heritage Financial common stock, at a reference price of $24.89 per share as disclosed in the filing.

These transactions reflect vesting and settlement of multiple restricted stock unit awards granted under the company’s omnibus equity plans, where each unit converts into one common share upon vesting. As part of the same event, 918 common shares were withheld to cover tax obligations, a non-market disposition that does not represent an open-market sale. After these transactions, Curran directly held 29,453 shares of Heritage Financial common stock, indicating that the withholding was a relatively small portion of her overall position and that she retained the majority of the newly acquired shares.

Insights

Equity compensation analyst

Routine RSU vesting and tax withholding, no open-market trades.

The activity centers on restricted stock units converting into common stock, a standard form of executive compensation. Amy E. Curran exercised awards covering 5,040 RSUs, receiving the same number of common shares at a disclosed reference price of $24.89 per share.

An additional 918 shares were used to satisfy tax obligations, coded as an F transaction. This is a mechanical tax-withholding disposition rather than an open-market sale, so it carries limited informational value about her view of the stock. Following these transactions, she directly holds 29,453 shares, suggesting the overall action is routine and not thesis-changing for investors.

Insider Trade Summary

5,040 shares exercised/converted

Mixed 11 txns

Insider Curran Amy E.

Role EVP Director Commercial Lend

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	155	$24.89	$4K
Exercise	Restricted Stock Units	776	$24.89	$19K
Exercise	Restricted Stock Units	1,061	$24.89	$26K
Exercise	Restricted Stock Units	1,619	$24.89	$40K
Exercise	Restricted Stock Units	1,429	$24.89	$36K
Exercise	Common Stock	155	$24.89	$4K
Exercise	Common Stock	776	$24.89	$19K
Exercise	Common Stock	1,061	$24.89	$26K
Exercise	Common Stock	1,619	$24.89	$40K
Exercise	Common Stock	1,429	$24.89	$36K
Tax Withholding	Common Stock	918	$24.89	$23K

Holdings After Transaction: Restricted Stock Units — 155 shares (Direct); Common Stock — 25,486 shares (Direct)

Footnotes (1)

1. RSU Grant Awarded 02/22/2022 Represents award pursuant to 2024 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. RSU Grant February 2024 RSU Grant February 2025 Represents award pursuant to 2023 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Curran Amy E.

(Last) (First) (Middle)

201 5TH AVE SW

(Street)

OLYMPIA WASHINGTON 98501

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HERITAGE FINANCIAL CORP /WA/ [ HFWA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Director Commercial Lend

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		M		155	A	$24.89	25,486	D
Common Stock	03/16/2026		M		776	A	$24.89	26,262	D
Common Stock	03/16/2026		M		1,061	A	$24.89	27,323	D
Common Stock	03/16/2026		M		1,619	A	$24.89	28,942	D
Common Stock	03/16/2026		M		1,429	A	$24.89	30,371	D
Common Stock	03/16/2026		F		918	D	$24.89	29,453	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	$0	03/16/2026		M			155	03/15/2023	03/15/2027	Common Stock	155	$24.89	155	D
Restricted Stock Units	$0	03/16/2026		M			776	03/15/2024	03/15/2026	Common Stock	776	$24.89	0	D
Restricted Stock Units	$0	03/16/2026		M			1,061	03/15/2024	03/15/2028	Common Stock	1,061	$24.89	2,122	D
Restricted Stock Units(2)(3)	$0	03/16/2026		M			1,619	03/15/2025(2)	03/15/2027	Common Stock	1,619	$24.89	1,620	D
Restricted Stock Units(4)	$0	03/16/2026		M			1,429	03/15/2026(5)	03/15/2028	Common Stock	1,429	$24.89	2,860	D

Explanation of Responses:

1. RSU Grant Awarded 02/22/2022

2. Represents award pursuant to 2024 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.

3. RSU Grant February 2024

4. RSU Grant February 2025

5. Represents award pursuant to 2023 Omnibus Equity Plan; shares vest one third per year over a three year period. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting.

Remarks:

	/s/Kaylene Lahn Attorney in Fact for Amy Curran	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HFWA executive Amy E. Curran report?

Amy E. Curran reported exercising restricted stock units into common stock. She converted awards covering 5,040 RSUs into 5,040 Heritage Financial common shares as part of routine equity compensation vesting, rather than open-market purchases.

Did Amy E. Curran buy or sell HFWA shares on the open market?

She did not report any open-market buys or sells. The Form 4 shows option-style RSU exercises and a tax-withholding disposition, where 918 shares were withheld to cover taxes instead of being sold on the market.

How many Heritage Financial shares did Amy E. Curran acquire through RSUs?

She acquired 5,040 shares of Heritage Financial common stock through the exercise and settlement of restricted stock units. Each RSU converts into one common share upon vesting under the company’s omnibus equity compensation plans.

How many HFWA shares were withheld for Amy E. Curran’s taxes?

The filing shows 918 common shares were used to satisfy tax liabilities. This is coded as a tax-withholding (F) transaction, meaning the shares covered taxes due on the RSU vesting and do not reflect a discretionary market sale.

What is Amy E. Curran’s HFWA share ownership after these transactions?

After all RSU exercises and tax withholding, Amy E. Curran directly holds 29,453 shares of Heritage Financial common stock. This post-transaction figure reflects her remaining ownership following conversion of RSUs and the share-based tax payment.

Are Amy E. Curran’s HFWA RSU transactions considered routine?

Yes, the transactions appear routine. They involve scheduled vesting and conversion of restricted stock units granted under company equity plans, plus 918 shares withheld for taxes, a common non-market mechanism for covering related tax obligations.