Form 4: Bank of Hawaii CRO's Equity Transactions Disclosed

Bank of Hawaii's Vice Chair and CRO, Shairson Schaud Bradley, reported the vesting of restricted stock units, subsequent acquisition of common stock, and shares withheld for tax obligations.

Summary

• Vice Chair and CRO, Shairson Schaud Bradley, acquired 10,461 shares of Bank of Hawaii common stock on February 20, 2026, through the vesting and conversion of restricted stock units.
• Concurrently, 3,439 shares of common stock were withheld by Bank of Hawaii Corporation for tax liability at a price of $80.07 per share.
• Bradley was granted new restricted stock units on February 19, 2026: 6,330 units vesting over a three-year performance period and 1,266 units vesting over a two-year performance period, both subject to service and performance requirements.
• Following these transactions, Bradley directly beneficially owns 29,508 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and continued alignment of management's interests with shareholders through equity grants, despite a minor reduction in direct holdings due to tax withholding.

Positives

• Grant of 6,330 new restricted stock units, subject to three-year service and performance vesting requirements, aligning executive incentives with long-term company performance.
• Grant of 1,266 new restricted stock units, subject to two-year service and performance vesting requirements, further aligning executive incentives.
• Vesting of 10,461 restricted stock units from a May 1, 2023 award, indicating successful completion of prior performance and service conditions.

Negatives

• Disposition of 3,439 shares of common stock at $80.07 to cover tax liabilities incurred upon the vesting of restricted stock units, which reduces the direct equity holding.

Future Outlook

The filing does not provide forward-looking statements or guidance regarding the company's financial performance or strategic direction. It primarily details executive equity transactions and vesting schedules for individual compensation.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one detailing executive equity transactions, are standard disclosures in the financial industry, reflecting compensation structures and insider ownership changes rather than broader market trends.

Comparison to Industry Standards

• This Form 4 filing details standard executive compensation practices, including restricted stock unit grants and tax-related share withholdings, which are common across publicly traded companies, particularly in the banking sector. No specific comparable companies or projects are mentioned in the filing itself.

Related Party Transactions

• The transactions involve an executive officer (Shairson Schaud Bradley) and the issuer (Bank of Hawaii Corp), which are considered related party transactions under SEC rules for insider reporting.

Stakeholder Impact

• Shareholders: The grant of new restricted stock units aligns the executive's long-term interests with shareholder value creation. The disposition of shares for tax purposes is a routine event and has minimal impact on overall share float.

Next Steps

• Continued service and performance by the Vice Chair and CRO to meet vesting requirements for the newly granted restricted stock units over the next two and three years.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, including RSU grants and tax-related share dispositions. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions reflect standard incentive alignment and are not indicative of a significant shift in company prospects.

Keywords

Bank of Hawaii, BOH, Form 4, Insider Trading, Restricted Stock Units, RSU, Common Stock, Executive Compensation, Schaud Bradley, CRO, Equity Grant, Vesting