Retired Chief Executive Officer of Heritage Financial Corporation · Heritage Financial Corp (HFWA)

Jeffrey Deuel

A named executive officer of Heritage Financial in every fiscal year CompBrief holds from FY2016 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

Velarion Intel: free for 3 days, no card →

Total disclosed compensation, FY2025

$1,012,243

FY2024: $1,630,201

2nd of 6 named executive officers at Heritage Financial by FY2025 total.

6 named officers on file for Heritage Financial, FY2025

See an example →

What this number hides

The filing gives the total. Heritage Financial’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

Velarion Intel · free for 3 days · no card

See how Heritage Financial’s whole pay program stands against its peers

  • Heritage Financial’s company dashboard and its AI-written, board-ready brief, every figure cited to the filing
  • Peer-group intelligence, custom peer reruns and governance screens
  • Every other company we cover, with alerts when they file
Start my free trial on HFWA→

No card. Nothing is charged, and the trial ends on its own.

Compensation figures as of the proxy filed March 20, 2026 (DEF 14A).

Free

Get Jeffrey Deuel’s full pay file as a PDF — free

More than this page: up to 10 years of Jeffrey’s pay history, a side-by-side peer comparison, and a one-page board summary — the whole file, yours now and by email.

Also free: The Pay Desk, the weekly executive pay briefing.

Or track Jeffrey Deuel and every company like it: Velarion Intel, free for 3 days, no card →

Jeffrey Deuel compensation by year

Heritage Financial Summary Compensation Table · all 10 fiscal years held
In US dollars, as Heritage Financial reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Salary$314,112$337,386$429,000$521,500$575,000$575,000$645,750$686,306$721,721$252,804
Bonus$0$12,690$0$0$0$0$0$0$0$0
Stock awards$63,912$116,357$136,493$187,205$340,288$340,010$389,337$381,365$424,302$443,702
Option awards$0$0$0$0$0$0$0$0$0$0
Non-equity incentive$89,711$144,517$197,200$214,662$235,750$426,458$381,661$281,386$339,209$152,906
Pension and deferred compensation$3,481$2,878$1,632$5,279$7,302$7,408$11,787$11,371$1,660$14,883
All other$96,920$88,997$113,798$158,693$112,854$82,398$218,096$249,212$143,309$147,948
Total$568,136$702,825$878,123$1,087,339$1,271,194$1,431,274$1,646,631$1,609,640$1,630,201$1,012,243

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Heritage Financial Corp DEF 14A filed March 20, 2026, accession 0001628280-26-019987, and prior-year filings. Open the filing on EDGAR.

How this page was built: the Heritage Financial Corp filed document, accession 0001628280-26-019987. Every figure is read from that document and cited to the page and table it appears in. Filed March 20, 2026.

$568K
$703K
$878K
$1.1M
$1.3M
$1.4M
$1.6M
$1.6M
$1.6M
$1.0M
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
SalaryBonusNon-equity incentiveStock awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
PSU11,747$277,817—
PSU9,045$213,914—
RSU9,045$213,914—
RSU7,832$185,227—
PSU7,018$165,976—
RSU2,339$55,317—

Per the Outstanding Equity Awards at Fiscal Year-End table in Heritage Financial Corp's FY2025 proxy; value at the fiscal year-end close, as the company printed it.

Heritage Financial’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Bryan McDonaldPresident and Chief Executive Officer of Heritage Financial Corporation and Heritage Bank$1,345,480
Jeffrey Deuel · this pageRetired Chief Executive Officer of Heritage Financial Corporation$1,012,243
Donald HinsonExecutive Vice President and Chief Financial Officer of Heritage Financial Corporation and Heritage Bank$922,334
Tony ChalfantExecutive Vice President and Chief Credit Officer of Heritage Financial Corporation and Heritage Bank$796,409
Matthew RayExecutive Vice President and Chief Lending Officer of Heritage Financial Corporation and Heritage Bank$710,759
Nicholas BleyExecutive Vice President of Heritage Financial Corporation and Executive Vice President and Chief Operating Officer of Heritage Bank$616,201

Board service

Heritage Financial board · FY2021–FY2025

How this board is paid

Company policy: Heritage Financial pays directors a $50,000 cash retainer and $50,016 in RSUs. As stated in Heritage Financial's FY2025 proxy.

Jeffrey Deuel's compensation dossier, Heritage Financial

You have read Jeffrey Deuel's totals and holdings. The dossier adds each equity grant Heritage Financial disclosed for Jeffrey Deuel and Heritage Financial's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.

See an example →

The full Heritage Financial compensation record

free company brief

This page is one person within Heritage Financial's record. The company brief lists every named executive, each linking to their own page.

Compensation, the day it’s disclosed

The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Heritage Financial's full Executive Compensation Report with peer benchmarking.

How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Heritage Financial's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

Order HFWA

Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.

Receipt, invoice, and report delivery. Guest checkout, no account required, secure payment by Stripe.

Jeffrey Deuel's compensation dossier