HFWA · Heritage Financial Corp /Wa/ · Executive Compensation

$28.90 -0.39 (-1.33%) At close · Sep 8

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$1.20B

40.92M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Bryan D. McDonald	President and Chief Executive Officer of Heritage Financial Corporation and Heritage Bank	$610,616	—	$256,632	—	$356,852	$112,121	$1,345,480
Bryan McDonald	CEO	$610,616	—	$256,632	—	$356,852	$112,121	$1,345,480
Jeffrey Deuel	Retired Chief Executive Officer of Heritage Financial Corporation (effective May 2025)	$252,804	—	$443,702	—	$152,906	$147,948	$1,012,243
Donald J. Hinson	Executive Vice President and Chief Financial Officer of Heritage Financial Corporation and Heritage Bank	$439,446	—	$173,188	—	$212,635	$86,571	$922,334
Tony Chalfant	Executive Vice President and Chief Credit Officer of Heritage Financial Corporation and Heritage Bank	$370,572	—	$146,036	—	$184,688	$91,805	$796,409
Matthew T. Ray	Executive Vice President and Chief Lending Officer of Heritage Financial Corporation and Heritage Bank	$372,130	—	$147,361	—	$180,063	$11,205	$710,759
Nicholas M. Bley	Executive Vice President of Heritage Financial Corporation and Executive Vice President and Chief Operating Officer of Heritage Bank	$408,008	—	—	—	$197,423	$10,770	$616,201

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey Deuel	Chief Executive Officer of Heritage Financial Corporation	$721,721	—	$424,302	—	$339,209	$143,309	$1,630,201
Bryan D. McDonald	President of Heritage Financial Corporation and President and Chief Executive Officer of Heritage Bank	$493,446	—	$202,236	—	$208,728	$95,657	$1,001,084
Bryan McDonald	CEO	$493,446	—	$202,236	—	$208,728	$95,657	$1,001,084
Donald J. Hinson	Executive Vice President and Chief Financial Officer of Heritage Financial Corporation and Heritage Bank	$406,300	—	$157,700	—	$152,780	$80,741	$798,685
Nicholas M. Bley	Executive Vice President of Heritage Financial Corporation and Executive Vice President and Chief Operating Officer of Heritage Bank	$71,233	$300,000	$350,019	—	—	$2,000	$723,252
Tony Chalfant	Executive Vice President and Chief Credit Officer of Heritage Financial Corporation and Heritage Bank	$339,303	—	$132,994	—	$128,596	$87,163	$688,391

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey Deuel	Chief Executive Officer of Heritage Financial Corporation	$686,306	—	$381,365	—	$281,386	$249,212	$1,609,640
Bryan D. McDonald	President of Heritage Financial Corporation and President and Chief Executive Officer of Heritage Bank	$436,128	—	$181,754	—	$160,931	$163,062	$948,823
Bryan McDonald	CEO	$436,128	—	$181,754	—	$160,931	$163,062	$948,823
Donald J. Hinson	Executive Vice President and Chief Financial Officer of Heritage Financial Corporation and Heritage Bank	$378,400	—	$138,523	—	$124,115	$137,135	$786,295
Tony Chalfant	Executive Vice President and Chief Credit Officer of Heritage Financial Corporation and Heritage Bank	$322,628	—	$119,531	—	$116,791	$136,243	$697,210
Matthew T. Ray	Executive Vice President and Chief Lending Officer	$301,515	—	$206,189	—	$86,535	$10,670	$604,909

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey Deuel	Chief Executive Officer of Heritage Financial Corporation	$645,750	—	$389,337	—	$381,661	$218,096	$1,646,631
Bryan D. McDonald	President of Heritage Financial Corporation and President and Chief Executive Officer of Heritage Bank	$414,243	—	$147,132	—	$208,107	$159,211	$935,834
Bryan McDonald	CEO	$414,243	—	$147,132	—	$208,107	$159,211	$935,834
Donald J. Hinson	Executive Vice President and Chief Financial Officer of Heritage Financial Corporation and Heritage Bank	$355,133	—	$108,124	—	$157,422	$132,766	$762,288
Tony Chalfant	Executive Vice President and Chief Credit Officer of Heritage Financial Corporation and Heritage Bank	$306,438	—	$93,309	—	$144,950	$128,783	$674,839
Cindy M. Hirman	Executive Vice President and Chief Banking Officer	$285,793	—	$86,168	—	$126,685	$107,757	$607,829

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey Deuel	President and Chief Executive Officer, Heritage Financial Corporation	$575,000	—	$340,010	—	$426,458	$82,398	$1,431,274
Bryan D. McDonald	President and Chief Operating Officer, Heritage Bank	$396,571	—	$132,777	—	$235,299	$57,332	$826,287
Bryan McDonald	COO	$396,571	—	$132,777	—	$235,299	$57,332	$826,287
Donald J. Hinson	Executive Vice President and Chief Financial Officer	$344,790	—	$100,440	—	$179,003	$48,875	$678,911
Cindy M. Huntley	Executive Vice President and Chief Banking Officer	$270,931	—	$152,793	—	$140,658	$39,983	$604,631
Tony Chalfant	Executive Vice President and Chief Credit Officer	$293,365	—	$84,195	—	$152,519	$38,359	$568,582
Cindy M. Hirman	Executive Vice President and Chief Banking Officer	$270,931	—	$77,790	—	$140,658	$39,983	$529,628

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jeffrey Deuel	President and Chief Executive Officer, Heritage Financial Corporation	$575,000	—	$340,288	—	$235,750	$112,854	$1,271,194
Bryan McDonald	COO	$385,020	—	$132,898	—	$126,287	$79,839	$728,236
Bryan D. McDonald	President and Chief Operating Officer, Heritage Bank	$385,020	—	$132,898	—	$126,287	$79,839	$728,236
Donald J. Hinson	Executive Vice President and Chief Financial Officer	$339,694	—	$100,532	—	$97,492	$68,252	$611,810
Tony Chalfant	Executive Vice President and Chief Credit Officer	$266,225	—	$197,590	—	$73,879	$20,118	$557,812
Cindy M. Huntley	Executive Vice President and Chief Banking Officer	$263,040	—	$152,829	—	$75,492	$9,489	$500,850
Cindy M. Hirman	Executive Vice President and Chief Banking Officer	$263,040	—	$152,829	—	$75,492	$9,489	$500,850

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Brian L. Vance	Executive Chairman	$420,000	—	$523,037	—	$138,653	$340,538	$1,436,673
Jeffrey Deuel	President and Chief Executive Officer, Heritage Financial Corporation	$521,500	—	$182,983	—	$214,662	$158,693	$1,083,117
Bryan McDonald	COO	$370,760	—	$121,946	—	$128,517	$120,952	$745,129
Bryan D. McDonald	President and Chief Operating Officer, Heritage Bank	$370,760	—	$121,946	—	$128,517	$120,952	$745,129
Donald J. Hinson	Executive Vice President and Chief Financial Officer	$334,747	—	$96,691	—	$101,530	$112,340	$649,698
David Spurling	Executive Vice President and Chief Credit Officer	$312,519	—	$92,380	—	$94,903	$105,259	$608,868
Cindy M. Huntley	Executive Vice President and Chief Banking Officer	$241,104	—	$147,171	—	$62,681	$8,904	$459,860

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Brian L. Vance	Executive Chairman	$586,307	—	$266,322	—	$315,384	$257,485	$1,427,316
Jeffrey Deuel	President and Chief Executive Officer	$429,000	—	$134,130	—	$197,200	$113,798	$875,760
Bryan McDonald	COO	$333,250	—	$91,389	—	$135,071	$94,361	$654,884
Bryan D. McDonald	Executive Vice President and Chief Operating Officer	$333,250	—	$91,389	—	$135,071	$94,361	$654,884
Donald J. Hinson	Executive Vice President and Chief Financial Officer	$302,302	—	$81,039	—	$113,829	$90,456	$589,046
David Spurling	Executive Vice President and Chief Credit Officer	$290,786	—	$82,110	—	$112,504	$90,327	$576,935

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Brian L. Vance	Executive Chairman	$524,857	$24,670	$258,570	—	$281,024	$209,061	$1,307,056
Jeffrey Deuel	President and Chief Executive Officer	$337,386	$12,690	$116,357	—	$144,517	$88,997	$702,825
Bryan McDonald	COO	$279,734	$9,210	$82,692	—	$104,845	$73,477	$551,128
Bryan D. McDonald	Executive Vice President and Chief Operating Officer	$279,734	$9,210	$82,692	—	$104,845	$73,477	$551,128
David Spurling	Executive Vice President and Chief Credit Officer	$269,686	$7,770	$79,700	—	$105,299	$70,613	$535,152
Donald J. Hinson	Executive Vice President and Chief Financial Officer	$270,802	$8,910	$80,055	—	$101,497	$70,327	$534,148

Executive changes

Person	Role	Change	Effective	Filed
Scott T. Allan	Board of Directors	Appointed	2026-01-01	2025-12-19
Bryan D. McDonald	President and CEO of Heritage	Appointed	2025-05-06	2025-05-06
Bryan D. McDonald	Board of Directors of Heritage	Appointed	2025-05-06	2025-05-06
Jeffrey J. Deuel	Chief Executive Officer	Retired	2025-05-06	2025-05-06

Key facts CIK 1046025 CUSIP 42722X106 13F (30d) 124 filings 123 filers Visit website Investor relations