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AI brief of an SEC Form 8-K · Heritage Financial (HFWA)

Heritage Financial names Nicholas Bley chief operating officer of Heritage Bank

Neutral Impact 3 of 5 leadership Written later

Heritage Financial Corporation (HFWA) said Nicholas Bley will become Executive Vice President and Chief Operating Officer of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024. The filing describes an employment agreement with a $400,008 base salary and a $300,000 signing bonus, which matters to shareholders as a senior executive hire with defined pay and severance terms.

Key points

  • Role effective October 28, 2024; employment agreement dated July 23, 2024, runs through June 30, 2027
  • Annual base salary of $400,008; one-time signing bonus of $300,000 payable January 15, 2025
  • Target annual cash incentive of 40% of base salary; one-time restricted stock unit award with grant value of approximately $350,000
  • Bley previously held various titles at JPMorgan Chase & Co., most recently Managing Director and Commercial Real Estate Senior Regional Sales Manager

The filing

CompanyHeritage Financial (HFWA)
Form8-K, current report
Filed with the SECOct 23, 2024, 4:03 PM ET
Accession number0001046025-24-000171

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.