Form 4: Bank of Hawaii VP Emerson's Routine Stock Activity

Bank of Hawaii Vice Chair Matthew Emerson reported the vesting and exercise of restricted stock units, along with a new RSU grant and tax-related share withholding.

Summary

• Matthew Emerson, Vice Chair of Bank of Hawaii Corp (BOH), reported changes in his beneficial ownership of company securities.
• On February 20, 2026, 6,657 restricted stock units (RSUs) from a February 24, 2023 grant vested and were exercised, converting into common stock.
• Following the exercise, 3,424 shares of common stock were withheld by Bank of Hawaii Corporation to cover tax liabilities at a price of $80.07 per share.
• Emerson's beneficial ownership of common stock after these transactions is 13,176 shares.
• A new award of 5,697 restricted stock units was granted on February 19, 2026, subject to service and performance vesting requirements over a three-year period.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive, routine filing. The vesting of RSUs and a new grant indicate continued executive compensation and alignment with shareholder interests, without introducing new risks or significant changes to the company's outlook.

Positives

• Matthew Emerson received a new grant of 5,697 restricted stock units, aligning his interests with long-term company performance.
• The vesting of 6,657 restricted stock units indicates the fulfillment of prior performance and service conditions.

Negatives

• 3,424 shares of common stock were disposed of to cover tax liabilities incurred from the vesting of restricted stock units, reducing direct share ownership.

Future Outlook

The newly granted 5,697 restricted stock units are subject to service and performance vesting requirements based on a three-year performance period, indicating future compensation tied to company performance.

Industry Context

StockSavvy.ai notes that this Form 4 filing represents a routine insider transaction, detailing the vesting and exercise of previously granted equity awards and a new grant. Such transactions are common for executives and are typically pre-scheduled under Rule 10b5-1 plans, reflecting standard executive compensation practices within the financial services industry.

Stakeholder Impact

• Shareholders: The report provides transparency into executive compensation and stock ownership, which is a routine aspect of corporate governance. The transactions themselves are not expected to have a material impact on the company's stock price or operations.

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 filing details routine insider transactions related to executive compensation, specifically the vesting and exercise of restricted stock units and a new grant. It does not contain information that would fundamentally alter the investment thesis for Bank of Hawaii Corp. Therefore, a 'hold' recommendation is appropriate, as the filing provides transparency but no new catalysts for a 'buy' or 'sell' decision.

Keywords

BOH, Bank of Hawaii, Matthew Emerson, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Grant, Share Withholding