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Brian L. Vance is the former President and CEO of Heritage Financial, a company he led starting in 2003 until 2019. With a background in finance, Vance has a track record of guiding the company through various challenges and opportunities....

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Brian L. Vance

Ex-CEO of Heritage Financial

Education

Bachelor's degree in Economics from Whitman College

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1954 - 71 years ago

CEO of Heritage Financial for

13 years 6 months (Jan 2006 - Jul 2019)

Previous Experience

President and CEO of Heritage Bank

Holdings

See how much did Brian L. Vance make over time.

Brian L. Vance has a notable ownership in Heritage Financial, holding about 115,250 shares, which represents a significant part of his wealth. His investments peaked back in 2013 when Heritage Financial's stock was highly valued, but fluctuations influenced his total...

Total Stock Sold

$2.60M

HFWA

$2.60M

88,445 HFWA shares

What if they kept their stock?

If Brian L. Vance didn't sell their stock, today they would have:
Extra HFWA88,445 shares worth $1.71M.
This is -34.25% and $892.15K less than what they got when they sold the stock.

Charitable Transactions

HFWA

315 shares

HFWA

Recent Charitable Transactions

HFWA

315 shares

HFWA

Dec 31, 2012

Charity

Insider Trading

See recent insider trades of Brian L. Vance.

HFWA

$168.47K

HFWA at $32.73/share

Nov 2, 2022

Sale

HFWA

$141.28K

HFWA at $25.83/share

Jun 7, 2022

Sale

HFWA

$240.41K

HFWA at $28.18/share

May 11, 2021

Sale

HFWA

$106.34K

HFWA at $29.00/share

May 10, 2021

Sale

HFWA

$107.42K

HFWA at $23.79/share

Nov 11, 2020

Sale

HFWA

$60.98K

HFWA at $26.82/share

Sep 10, 2019

Sale

HFWA

$119.42K

HFWA at $30.74/share

Apr 29, 2019

Sale

HFWA

$429.13K

HFWA at $31.51/share

Mar 14, 2019

Sale

HFWA

$518.38K

HFWA at $34.56/share

Nov 26, 2018

Sale

HFWA

$244.35K

HFWA at $36.29/share

Jul 27, 2018

Sale

Compensation History

See how much did Brian L. Vance make over time.

Brian L. Vance's compensation during his last years as CEO of Heritage Financial reflects his alignment with the company's performance. In 2019, his total earnings reached $375,000, including a base salary of $300,000 and a bonus of $50,000 based on performance metrics. The year prior, in 2018, he earned even more, totaling $575,000, which highlighted his potential to capitalize on Heritage's financial successes. A significant part of his package also included stock awards, with 1,000 shares vesting in 2019 valued at $25,000. The philosophy behind his pay structure is to ensure that his compensation is closely linked to the financial success of Heritage, which includes metrics like net income and return on equity. This method helps promote accountability and incentivizes top performance within the company.

Year

2019

Total Compensation

$395.00K

Salary

$300.00K

Board Justification

The compensation philosophy is designed to align the CEO's compensation with the company's performance and shareholder interests, using a mix of fixed and variable pay components.

Bonus

$50.00K

Board Justification

The bonus is based on the company's performance metrics including net income and return on equity for the fiscal year 2019.

Other

$20.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid by the company.

Restricted Stock

$25.00K(1K common stock)

Board Justification

1,000 shares of common stock vested in 2019 as part of the long-term incentive plan.

Performance Metrics

Performance metrics include financial targets such as earnings per share and return on assets.

Other Heritage Financial CEOs

Here are other CEOs of Heritage Financial