Form 4: Bank of Hawaii Corp Executive Reports Stock Transactions

Patrick M. McGuirk, Vice Chair and CAO of Bank of Hawaii Corp, reports the withholding of shares for tax liability and the acquisition of restricted stock units.

Summary

• On February 23, 2024, Patrick M. McGuirk, Vice Chair and CAO of Bank of Hawaii Corp, reported transactions involving the company's stock.
• 2,181 shares of common stock were withheld to cover tax liabilities at a price of $61.2 per share.
• McGuirk also acquired 5,474 restricted stock units (RSUs) on February 23, 2024, which are subject to service and performance-based vesting requirements over the 2024-2026 performance period.
• These RSUs represent a contingent right to receive one share of Bank of Hawaii Corporation common stock each.
• McGuirk also holds 5,325 restricted stock units granted on February 24, 2023, subject to service and performance vesting requirements based on the 2023 to 2025 performance period.
• Following the reported transactions, McGuirk directly owns 11,173 shares of Bank of Hawaii Corp common stock and 5,474 restricted stock units from the 2024 grant and 5,325 restricted stock units from the 2023 grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard executive compensation practices and tax obligations. There is no indication of unusual or concerning activity.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive sentiment and potential alignment with company performance.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax-related activities.

Key Dates