Bryan McDonald - 22 Feb 2023 Form 4 Insider Report for HERITAGE FINANCIAL CORP /WA/ (HFWA)

Signature
/s/Kaylene Lahn POA for Bryan McDonald
Issuer symbol
HFWA
Transactions as of
22 Feb 2023
Net transactions value
+$189,165
Form type
4
Filing time
24 Feb 2023, 11:06:50 UTC
Previous filing
16 Mar 2022
Next filing
16 Mar 2023

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 Award $94,568 +3,344 $28.28 3,344 22 Feb 2023 Common Stock 3,344 $0.000000 Direct F1, F2
transaction HFWA Performance Share Units Award $94,597 +3,345 $28.28 3,345 22 Feb 2023 Common Stock 3,345 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU Grant 2023
F2 Represents award pursuant to 2014 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.
F3 PSU Grant 02/22/23
F4 Represents stock performance unit granted pursuant to the 2014 Omnibus Equity Plan. Units vest after three years contingent on meeting performance metrics.