Form 4: Bank of Hawaii Corp Executive Receives Stock Awards
SEC Form 4
Bradley Shairson, Vice Chair and CRO of Bank of Hawaii Corp, received restricted stock units as part of compensation.
Summary
- Bradley Shairson, a Vice Chair and CRO at Bank of Hawaii Corp, has reported a transaction involving the acquisition of restricted stock units.
- On January 24, 2025, Mr. Shairson received 7,032 restricted stock units that vest over the 2025 to 2028 period.
- These units represent a contingent right to receive one share of Bank of Hawaii Corporation common stock each.
- Mr. Shairson also holds 9,804 restricted stock units granted on February 23, 2024, which vest based on service and performance over the 2024 to 2026 period.
- The reported transaction did not involve the sale or disposal of any shares.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management interests with shareholders. There are no negative implications.
Positives
- The granting of restricted stock units aligns executive compensation with the long-term performance of the company.
- The vesting schedule encourages continued service and performance from the executive.
Industry Context
The granting of restricted stock units is a common practice in the financial industry to incentivize and retain key executives.
Comparison to Industry Standards
- Many financial institutions use restricted stock units as part of their executive compensation packages.
- The vesting periods of 2-4 years are typical for these types of awards, aligning with long-term performance goals.
- Companies like JP Morgan Chase, Citigroup, and Wells Fargo also use similar equity-based compensation strategies for their executives.
Stakeholder Impact
- Shareholders may view this as a positive sign that management is incentivized to perform well over the long term.
- Employees may see this as a standard practice for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of grant for 9,804 restricted stock units. |
| 01/24/2025 | Date of grant for 7,032 restricted stock units. |
| 01/27/2025 | Date of filing of the Form 4. |
Keywords
restricted stock units, executive compensation, stock awards, insider trading, Bank of Hawaii Corp, BOH, Bradley Shairson
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