Bryan McDonald - 15 Mar 2022 Form 4 Insider Report for HERITAGE FINANCIAL CORP /WA/ (HFWA)

Role: President and COO
Signature: Kaylene Lahn Attorney in Fact for Bryan McDonald
Issuer symbol: HFWA
Transactions as of: 15 Mar 2022
Net transactions value: -$15,200
Form type: 4
Filing time: 16 Mar 2022, 18:34:30 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	$16,014	+629	+4%	$25.46	16,368	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Options Exercise	$22,990	+903	+5.5%	$25.46	17,271	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Options Exercise	$21,794	+856	+5%	$25.46	18,127	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Options Exercise	$19,222	+755	+4.2%	$25.46	18,882	15 Mar 2022	Direct
transaction	HFWA	Common Stock	Tax liability	$15,200	-597	-3.2%	$25.46	18,285	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	$16,014	-629	-100%	$25.46	0	15 Mar 2022	Common Stock	629	$0.000000	Direct
transaction	HFWA	Restricted Stock Units	Options Exercise	$22,990	-903	-50%	$25.46	903	15 Mar 2022	Common Stock	903	$0.000000	Direct
transaction	HFWA	Restricted Stock Units	Options Exercise	$21,794	-856	-33%	$25.46	1,735	15 Mar 2022	Common Stock	856	$0.000000	Direct
transaction	HFWA	Performance Share Units	Options Exercise	$19,222	-755	-100%	$25.46	0	15 Mar 2022	Common Stock	755	$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 1,888 granted on 02/27/2019. Total 755 PSU's vested represents percentage of target payout.