Jeffrey J. Deuel - 15 Mar 2022 Form 4 Insider Report for HERITAGE FINANCIAL CORP /WA/ (HFWA)

Role: CEO, Director
Signature: /s/ Kaylene Lahn Attorney in Fact for Jeffrey J. Deuel
Issuer symbol: HFWA
Transactions as of: 15 Mar 2022
Net transactions value: -$32,640
Form type: 4
Filing time: 16 Mar 2022, 18:32:45 UTC
Previous filing: 24 Feb 2022
Next filing: 24 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HFWA	Common Stock	Options Exercise	$24,034	+944	+2.2%	$25.46	44,074	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Options Exercise	$58,889	+2,313	+5.2%	$25.46	46,387	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Options Exercise	$55,757	+2,190	+4.7%	$25.46	48,577	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Options Exercise	$28,821	+1,132	+2.3%	$25.46	49,709	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Tax liability	$32,640	-1,282	-2.6%	$25.46	48,427	15 Mar 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HFWA	Restricted Stock Units	Options Exercise	$24,034	-944	-100%	$25.46	0	15 Mar 2022	Common Stock	944	$0.000000	Direct
transaction	HFWA	Restricted Stock Units	Options Exercise	$58,889	-2,313	-50%	$25.46	2,313	15 Mar 2022	Common Stock	2,313	$0.000000	Direct
transaction	HFWA	Restricted Stock Units	Options Exercise	$55,757	-2,190	-33%	$25.46	4,445	15 Mar 2022	Common Stock	2,190	$0.000000	Direct
transaction	HFWA	Performance Share Units	Options Exercise	$28,821	-1,132	-100%	$25.46	0	15 Mar 2022	Common Stock	1,132	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 2,833 PSU's granted on 02/27/2019. Total 1,132 PSU's vested represents percentage of Target payout.