Form 4: Bank of Hawaii Controller Receives Restricted Stock Units

Bank of Hawaii Corp's Controller, Abbe L. Ginnodo, was granted 633 restricted stock units subject to service and performance vesting.

Summary

• Abbe L. Ginnodo, Controller of Bank of Hawaii Corp (BOH), was granted 633 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.
• The award was granted on February 19, 2026.
• The 633 restricted stock units are subject to service and performance vesting requirements.
• Vesting is based on a three-year performance period.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, reflecting standard executive compensation practices that align management incentives with shareholder interests, without indicating any significant new strategic direction or financial performance.

Positives

• The grant of restricted stock units aligns the interests of the Controller with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a standard form of executive compensation, indicating ongoing commitment and retention of key personnel.

Future Outlook

The restricted stock units are subject to service and performance vesting requirements over a three-year performance period, indicating a future commitment period for the executive.

Management Comments

• Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.
• This award was granted February 19, 2026. The 633 restricted stock units are subject to service and performance vesting requirements, based on the three-year performance period.

Industry Context

StockSavvy.ai notes that the grant of restricted stock units is a common practice in the banking and financial services industry for executive compensation, aiming to incentivize long-term performance and retention. This aligns Bank of Hawaii with typical compensation structures seen across its peers.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a widely adopted practice across the financial sector, including major banks like JPMorgan Chase, Bank of America, and Wells Fargo, which frequently use equity awards to align executive incentives with shareholder value.
• The three-year performance period for vesting is also a standard duration for such awards, comparable to similar programs at regional banks and larger financial institutions, ensuring a sustained focus on long-term strategic goals rather than short-term gains.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns the Controller's interests with shareholders, potentially leading to better long-term performance.
• Employees: This reflects standard compensation practices for executives, which can influence overall compensation philosophy within the company.

Next Steps

• The restricted stock units will vest based on service and performance requirements over the next three years.

Key Dates

Keywords

Bank of Hawaii, BOH, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Corporate Governance