Form 4: Bank of Hawaii Corp Executive Asato Keith Reports Acquisition of Restricted Stock Units

Principal Accounting Officer Keith Asato reports the acquisition of 420 restricted stock units in Bank of Hawaii Corporation, subject to vesting requirements.

Summary

• On February 28, 2025, Keith Asato, Principal Accounting Officer of Bank of Hawaii Corp, acquired 420 restricted stock units.
• These restricted stock units represent a contingent right to receive one share of Bank of Hawaii Corporation common stock each.
• The award was granted on February 28, 2025, and the 420 restricted stock units are subject to service and performance vesting requirements based on the 2025 to 2028 performance period.
• Asato directly owns 420 derivative securities following the reported transaction.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative performance or concerns.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the long-term performance of the company.

Future Outlook

The restricted stock units are subject to service and performance vesting requirements over the 2025-2028 performance period, indicating a long-term incentive structure.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding executive compensation and ownership in Bank of Hawaii Corp.

Stakeholder Impact

• The acquisition of restricted stock units by a key executive can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates