Form 4: Bank of Hawaii Corp Director Wo Robert W Jr. Reports Acquisition of Shares Through Deferred Compensation Plan
SEC Form 4 Filing
Director Wo Robert W Jr. reports acquiring 364 shares of Bank of Hawaii Corp stock through the Directors' Deferred Compensation Plan on March 31, 2024.
Summary
- On March 31, 2024, Wo Robert W Jr., a director of Bank of Hawaii Corp, acquired 364 shares of common stock through the Directors' Deferred Compensation Plan.
- The acquisition price was $61.06 per share.
- Following the transaction, Wo Robert W Jr. directly owns 29,994 shares of Bank of Hawaii Corp.
- These securities were also acquired with reinvested dividends pursuant to Bank of Hawaii Corporation's Dividend Reinvestment and Stock Purchase Plan.
- Distributions from the Directors' Deferred Compensation Plan will be made upon termination of service as a director or earlier at the director's option.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, which is generally a good sign. However, it's a routine transaction.
Positives
- The director's participation in the Deferred Compensation Plan and Dividend Reinvestment Plan demonstrates confidence in the company's future.
Future Outlook
Distributions from the Directors' Deferred Compensation Plan will be made upon termination of service as a director or earlier at the director's option.
Industry Context
Directors' participation in stock ownership plans is common in the banking industry to align management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of shares through Directors' Deferred Compensation Plan |
| 04/02/2024 | Date of report filing |
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