Form 4: Director Robert W. Wo Jr. Reports Trust Share Holdings
Statement of Changes in Beneficial Ownership
Director Robert W. Wo Jr. filed an amended Form 4 to disclose previously omitted beneficial ownership of Bank of Hawaii Corporation common stock held in trust.
Summary
- Director Robert W. Wo Jr. disclosed the beneficial ownership of 175 shares of Bank of Hawaii Corporation common stock held by The Wo Dynasty Trust.
- The filing corrects inadvertent omissions from prior reports regarding shares transferred from the Betty Ching Wo Trust and a GST Exempt Marital Trust.
- The reporting person maintains direct ownership of 45,479 shares and indirect ownership through various trusts and family holdings.
- The reporting person disclaims beneficial ownership of the trust shares except to the extent of his pecuniary interest as one of five beneficiaries.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing intended to correct historical reporting omissions, having no impact on the company's fundamental value.
Positives
- Transparency regarding director shareholdings has been improved through this corrective filing.
- The reporting person maintains a significant direct equity stake of 45,479 shares in the company.
Negatives
- The filing highlights administrative oversight regarding the timely reporting of trust-held securities.
Risks
- Potential for regulatory scrutiny regarding the accuracy and timeliness of Section 16(a) filings.
Future Outlook
No forward-looking guidance or strategic outlook provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a standard administrative disclosure related to insider ownership reporting requirements under the Securities Exchange Act of 1934 and does not reflect a change in the company's operational or financial strategy.
Comparison to Industry Standards
- The filing adheres to standard SEC disclosure requirements for directors and officers regarding beneficial ownership changes.
Related Party Transactions
- Disclosure of indirect beneficial ownership through The Wo Dynasty Trust, Betty Ching Wo Trust, and GST Exempt Marital Trust.
Stakeholder Impact
- Minimal impact on shareholders as the filing represents a correction of historical reporting rather than a new transaction.
Next Steps
- Continued monitoring of future Form 4 filings for any further adjustments to director holdings.
Key Dates
| Date | Description |
|---|---|
| 12/27/2017 | Date of initial transaction involving the Betty Ching Wo Trust. |
| 08/30/2019 | Date of initial transaction involving the GST Exempt Marital Trust. |
| 06/08/2026 | Date of transfer of shares to The Wo Dynasty Trust and filing date of the Form 4. |
Keywords
Bank of Hawaii, BOH, Insider Trading, Form 4, Corporate Governance, Beneficial Ownership
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