Form 4: Director Mark Mugiishi Receives First Hawaiian Equity Grant

Director Mark Mugiishi acquired 2,613 restricted stock units in First Hawaiian, Inc. as part of an equity compensation grant.

Summary

• Director Mark Mugiishi was granted 2,613 restricted stock units (RSUs) on April 22, 2026.
• The grant was issued at a price of $0 per share, representing standard director equity compensation.
• Following this transaction, the director's total beneficial ownership in First Hawaiian, Inc. increased to 13,574 shares.
• The RSUs are subject to a one-year vesting schedule.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Increase in total beneficial ownership by a member of the Board of Directors.

Negatives

• None identified; this is a routine compensatory filing.

Risks

• Vesting is contingent upon continued service on the Board of Directors through the vesting date.

Future Outlook

The RSUs will vest on the earlier of April 22, 2027, the 2027 annual meeting of stockholders, or a change in control of the company.

Industry Context

StockSavvy.ai notes that routine equity grants to board members are standard corporate governance practices in the banking sector, intended to ensure long-term alignment between leadership and shareholder value.

Comparison to Industry Standards

• The grant structure is consistent with standard director compensation packages for regional banks of similar market capitalization.
• The one-year vesting period is typical for non-employee director equity awards.

Stakeholder Impact

• Minimal impact on shareholders; reflects standard director retention and incentive practices.

Next Steps

• Vesting of the 2,613 restricted stock units on April 22, 2027, or the 2027 annual meeting date.

Key Dates

Keywords

First Hawaiian, FHB, Director, Equity Grant, Insider Ownership, Form 4