Form 4: Bank of Hawaii Corp Executive Receives Restricted Stock Units

Abbe L. Ginnodo, Controller at Bank of Hawaii Corp, reports acquisition of 420 restricted stock units on February 28, 2025, subject to vesting requirements.

Summary

• Abbe L. Ginnodo, a Controller at Bank of Hawaii Corp, filed a Form 4 on March 3, 2025, reporting a transaction.
• On February 28, 2025, Ginnodo acquired 420 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.
• The RSUs are subject to service and performance-based vesting requirements over the 2025-2028 performance period.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It is neither overly positive nor negative.

Positives

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

Risks

• The value of the restricted stock units is contingent on the future performance of Bank of Hawaii Corporation's stock.

Future Outlook

The vesting of the restricted stock units is contingent upon meeting service and performance requirements over the 2025-2028 period.

Industry Context

Granting restricted stock units is a common practice in the financial industry to incentivize executives and align their interests with shareholders.

Stakeholder Impact

• Shareholders: Potential long-term value creation through incentivized executive performance.
• Employees: Reinforces the company's commitment to rewarding performance.

Key Dates