HERITAGE FINANCIAL CORP /WA/

During 2025, each of our NEOs, except for Mr. Bley, is a party to a split-dollar agreement that provides for the payment of a death benefit to a beneficiary designated by the NEO in an amount up to 100% of base salary upon the death of the NEO prior to a separation from service and an accelerated benefit of an indeterminable amount (not to exceed $500,000) in the event of a chronic or terminal illness prior to separation from service or following a qualifying separation from service. During February 2026, Mr. Bley entered into a split-dollar agreement that provides for the same benefits as noted above for the other NEOs. In addition, Mr. McDonald has an additional life insurance benefit of $50,000, through a plan that was in place with Whidbey Island Bank before it was acquired by Heritage.