Form 4: Bank of Hawaii Corp Vice Chairman Sharon M. Crofts Reports Transaction and Retirement
SEC Form 4 Filing
Sharon M. Crofts, Vice Chairman of Bank of Hawaii Corp, reports a transaction involving common stock and her retirement from the company effective March 29, 2024.
Summary
- Sharon M. Crofts, Vice Chairman of Bank of Hawaii Corp, filed a Form 4 on April 1, 2024, reporting a transaction.
- The transaction involved the disposal of 8,109 shares of common stock at a price of $60.91 per share to cover tax liabilities upon vesting of restricted shares.
- Following the transaction, Crofts beneficially owns 53,992 shares of Bank of Hawaii Corp common stock.
- Crofts retired from her position as Vice Chairman effective March 29, 2024, and is no longer subject to Section 16 reporting requirements.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document primarily reports a routine stock transaction and a retirement. There are no indications of positive or negative impacts on the company's performance.
Industry Context
This filing is a routine disclosure related to an executive's stock transactions and retirement, common in publicly traded companies. It provides transparency to investors regarding insider activity.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Vice Chairman | Sharon M. Crofts | March 29, 2024 | Retirement |
Stakeholder Impact
- Shareholders are informed about the insider transaction and management change.
- Employees may experience changes in leadership and organizational structure.
Key Dates
| Date | Description |
|---|---|
| April 29 2022 | Date of Power of Attorney execution. |
| March 29, 2024 | Effective date of Sharon M. Crofts' retirement from the Vice Chairman position. |
| April 01, 2024 | Date of the reported stock transaction (disposal of shares) and Form 4 filing. |
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