Form 4: Bank of Hawaii CEO Sells 15,000 Shares Under 10b5-1 Plan

Bank of Hawaii Corp's Chairman and CEO, Peter S. Ho, reported the sale of 15,000 shares of common stock through a pre-established 10b5-1 trading plan.

Summary

• Peter S. Ho, Chairman & CEO and Director of Bank of Hawaii Corp (BOH), sold 15,000 shares of common stock.
• The transaction occurred on January 2, 2026.
• The shares were sold at a weighted average price of $67.87 per share, with individual sale prices ranging from $67.14 to $68.57.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 29, 2025.
• Following the transaction, Peter S. Ho directly owns 156,774 shares and indirectly owns 6,943 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be viewed negatively, the execution under a pre-established 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects. It's a routine personal financial management event for a high-ranking executive.

Positives

• The sale was conducted under a pre-established 10b5-1 trading plan, indicating a planned and non-discretionary transaction, which can mitigate concerns about insider selling based on new, non-public information.

Negatives

• A significant sale of 15,000 shares by a top executive could be perceived negatively by some investors, potentially signaling a desire to diversify personal holdings or a lack of confidence, although mitigated by the 10b5-1 plan.

Future Outlook

N/A

Industry Context

Insider sales, especially by high-ranking executives, are common occurrences in the financial industry. When executed under a Rule 10b5-1 plan, they are generally viewed as pre-planned personal financial management rather than a reaction to new company-specific information, distinguishing them from discretionary sales that might raise more questions about management's confidence.

Stakeholder Impact

• Shareholders: May interpret the sale differently; some might see it as a routine diversification, others might view it as a slight negative signal, though mitigated by the 10b5-1 plan.

Key Dates

Recommendation

The reported transaction is an insider sale executed under a pre-established 10b5-1 trading plan, which typically indicates a planned personal financial management decision rather than a reaction to new material non-public information. While a sale by a CEO might warrant attention, the context of a 10b5-1 plan suggests it's not a strong signal for immediate stock performance. Therefore, the filing itself does not provide sufficient new information to alter an existing investment thesis, leading to a 'hold' recommendation based solely on this Form 4.

Keywords

Bank of Hawaii, BOH, Peter S. Ho, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO, Director