Form 4: Bank of Hawaii Officer Reports Stock Transaction

James C. Polk, President of Bank of Hawaii, reported a transaction involving the withholding of common stock for tax payments.

Summary

• James C. Polk, President of Bank of Hawaii, reported a transaction on March 31, 2026.
• The transaction involved the withholding of 28,419 shares of common stock to cover tax liabilities incurred from the vesting of restricted shares.
• Following this transaction, Mr. Polk beneficially owns 59,771 shares of common stock directly.
• Additionally, he has indirect beneficial ownership of 1,304 shares through a 401(k) plan and 1,859 shares through an IRA account.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard tax-related stock withholding by an executive, rather than a strategic investment or divestment decision.

Positives

• The transaction indicates the vesting of restricted stock, which is generally a positive sign of executive compensation and alignment with company performance.
• Mr. Polk maintains a significant direct beneficial ownership of 59,771 shares, demonstrating continued commitment to the company.

Negatives

• The withholding of shares for tax purposes represents a reduction in the executive's direct holdings, albeit for a necessary obligation.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and are crucial for understanding executive stock holdings and potential trading activity within the banking sector.

Stakeholder Impact

• Shareholders: The transaction does not directly impact share price but provides transparency into executive holdings.
• Employees: Indirectly reflects the executive compensation structure and tax implications for vested stock.
• Management: Demonstrates adherence to regulatory reporting requirements.

Next Steps

• The reporting person will continue to comply with Section 16 of the Securities Exchange Act of 1934 for future transactions.

Key Dates

Keywords

Bank of Hawaii, BOH, Form 4, SEC Filing, Insider Trading, Stock Transaction, Executive Compensation, Restricted Stock, Beneficial Ownership