Form 4: Director Tertia Freas Receives First Hawaiian Stock Grant

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

Summary

• Director Tertia M. Freas was granted 2,613 restricted stock units (RSUs) of First Hawaiian, Inc. (FHB) common stock.
• The transaction occurred on April 22, 2026, at a price of $0 per share, representing an equity award.
• Following this transaction, the reporting person's total beneficial ownership of common stock increased to 7,124 shares.
• The RSUs are subject to vesting conditions based on continued service on the Board of Directors.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of director equity 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 standard equity compensation disclosure.

Risks

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

Future Outlook

The restricted stock units are scheduled to vest on April 22, 2027, or upon the date of the 2027 annual meeting of stockholders, or earlier in the event of a change in control.

Management Comments

• The grant represents restricted stock units that will settle in shares of Common Stock on a one-for-one basis within 30 days of vesting.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice in the banking sector to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The grant structure is consistent with standard director compensation packages for regional banks of similar market capitalization.
• Vesting schedules tied to annual meetings are common practice among U.S. publicly traded financial institutions.

Stakeholder Impact

• Minimal impact on shareholders; reflects standard director compensation 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, Insider Trading, Equity Compensation, Form 4