Form 4: Bank of Hawaii Exec Reports RSU Vesting and New Grant

Bank of Hawaii's Vice Chair and CAO, Patrick M. McGuirk, reported the vesting of restricted stock units, subsequent share acquisition, and a new RSU grant.

Summary

• Patrick M. McGuirk, Vice Chair and CAO of Bank of Hawaii Corp (BOH), reported transactions related to his equity compensation.
• On February 20, 2026, 5,325 shares of common stock were acquired upon the vesting of restricted stock units (RSUs) that were originally granted on February 24, 2023.
• Concurrently, 2,586 shares of common stock were disposed of at a price of $80.07 per share to cover tax liabilities incurred from the RSU vesting.
• Following these transactions, McGuirk beneficially owns 9,705 shares of common stock.
• A new award of 5,697 restricted stock units was granted on February 19, 2026, which are subject to service and performance vesting requirements over a three-year period.
• Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.
• After all reported transactions, McGuirk beneficially owns 5,697 restricted stock units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event. While there's a disposal of shares for tax, the vesting of previous RSUs and the grant of new ones indicate ongoing executive compensation and alignment with future company performance.

Positives

• Patrick M. McGuirk received a new grant of 5,697 restricted stock units on February 19, 2026, aligning his incentives with future company performance.
• The vesting of 5,325 restricted stock units demonstrates the successful fulfillment of prior service and performance requirements.

Negatives

• 2,586 shares of common stock were disposed of to cover tax liabilities, reducing direct share ownership.

Future Outlook

The filing indicates that the newly granted 5,697 restricted stock units are subject to service and performance vesting requirements based on a three-year performance period, suggesting future alignment of executive incentives with long-term company goals.

Industry Context

StockSavvy.ai notes that equity compensation, particularly through Restricted Stock Units (RSUs) with performance and service-based vesting, is a standard practice across the financial services industry and publicly traded companies. This mechanism is widely used to attract, retain, and incentivize key executives by aligning their financial interests with the long-term performance and shareholder value of the company.

Comparison to Industry Standards

• Equity compensation, specifically Restricted Stock Units (RSUs) with service and performance-based vesting requirements and subsequent tax withholding upon vesting, is a widely adopted practice across publicly traded companies, including financial institutions like Bank of Hawaii.
• This aligns executive incentives with long-term shareholder value, a common benchmark in corporate governance.
• While specific peer comparisons are not detailed in this filing, the structure of this compensation is consistent with industry norms for executive remuneration.

Stakeholder Impact

• Shareholders: The vesting and new grant of RSUs align executive interests with shareholder value, potentially fostering long-term growth.
• Employees: This filing pertains to executive compensation and does not directly impact the broader employee base, though it reflects the company's compensation philosophy for leadership.

Next Steps

• The 5,697 restricted stock units granted on February 19, 2026, will be subject to service and performance vesting requirements over a three-year period.

Key Dates

Recommendation

This Form 4 details routine insider transactions related to executive equity compensation, specifically the vesting of restricted stock units, tax withholding, and a new RSU grant. Such events are generally expected and do not typically provide strong signals for immediate investment decisions to buy or sell the stock. The transactions reflect standard compensation practices rather than discretionary open market purchases or sales that might indicate management's view on the company's immediate prospects.

Keywords

Bank of Hawaii, BOH, Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation, Executive Compensation, Stock Vesting, Tax Withholding