Form 4: Bank of Hawaii Corp Vice Chair Matthew Emerson Reports Stock Transactions

Matthew Emerson, Vice Chair of Bank of Hawaii Corp, reports the disposition of shares to cover tax liabilities and the acquisition of restricted stock units.

Summary

• On February 27, 2025, Matthew Emerson, Vice Chair of Bank of Hawaii Corp, disposed of 1,778 shares of common stock at a price of $71.47 per share to cover tax liabilities.
• Following this transaction, Emerson directly owns 11,939 shares of Bank of Hawaii Corp common stock.
• On February 28, 2025, Emerson was granted 6,087 restricted stock units (RSUs) which represent a contingent right to receive one share of Bank of Hawaii Corporation common stock each.
• These RSUs are subject to service and performance-based vesting requirements over the 2025-2028 performance period.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider transactions, which are neither particularly positive nor negative. The granting of RSUs is a positive sign of aligning management with long-term performance.

Positives

• The granting of 6,087 restricted stock units to a key executive like the Vice Chair suggests a long-term incentive and alignment with the company's performance goals.

Future Outlook

The restricted stock units are subject to service and performance vesting requirements, based on the 2025 to 2028 performance period, indicating a long-term incentive structure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for executives at Bank of Hawaii Corp.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units to align management's interests with shareholder value.
• The vesting schedule of 2025-2028 is a typical timeframe for such awards, similar to practices at regional banks like First Hawaiian, Inc. and Central Pacific Financial Corp.

Stakeholder Impact

• The granting of restricted stock units aligns executive incentives with shareholder value, potentially benefiting shareholders.

Key Dates