Form 4: Bank of Hawaii Corp: Officer Polk James C Reports Tax Liability Share Withholding
SEC Form 4
James C. Polk, Vice Chairman of Bank of Hawaii Corp, reports the withholding of 3,973 common stock shares for tax liability upon vesting of restricted shares on February 23, 2024.
Summary
- On February 23, 2024, James C. Polk, Vice Chairman of Bank of Hawaii Corp, had 3,973 shares of common stock withheld by the company.
- This withholding was for the payment of tax liability incurred upon the vesting of restricted shares of common stock.
- Following the transaction, Polk directly owns 88,190 shares of common stock.
- Polk also indirectly owns 1,197 shares through a 401(k) plan and 1,859 shares through an IRA account.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine Form 4 filing related to insider transactions, specifically the withholding of shares to cover tax obligations. Such filings are common and provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of transaction: shares of common stock withheld for payment of tax liability. |
| 02/27/2024 | Date of signature on the report. |
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