Form 4: Bank of Hawaii Corp Executive Dean Y. Shigemura Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Dean Y. Shigemura, Vice Chair & CFO of Bank of Hawaii Corporation, disposed of 4,408 shares to cover tax liabilities from vesting restricted shares.
Summary
- On February 27, 2025, Dean Y. Shigemura, Vice Chair & CFO of Bank of Hawaii Corporation, disposed of 4,408 shares of common stock.
- The disposal was to cover tax liabilities incurred upon the vesting of restricted shares of common stock.
- The shares were sold at a price of $71.47 per share.
- Following the transaction, Shigemura directly owns 52,416 shares of Bank of Hawaii Corporation.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine disposal of shares to cover tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of stock disposal transaction |
| 03/03/2025 | Date of signature on the Form 4 filing |
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