Form 4: First Hawaiian CEO's Routine Stock Withholding for Tax
Insider Transaction Report
First Hawaiian, Inc. CEO Robert S. Harrison reported two transactions involving the withholding of common stock to cover tax obligations related to restricted stock unit vesting.
Summary
- Robert S. Harrison, Chairman, President, and CEO of First Hawaiian, Inc. (FHB), filed a Form 4 reporting changes in beneficial ownership.
- On February 26, 2026, 6,549 shares of common stock were withheld at a price of $25.89 per share to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following this transaction, Harrison's direct beneficial ownership was 540,363 shares.
- On February 28, 2026, an additional 5,169 shares of common stock were withheld at a price of $24.76 per share for similar tax withholding obligations related to RSU vesting.
- After the second transaction, Harrison's direct beneficial ownership decreased to 535,194 shares.
- These transactions are related to previously reported restricted stock unit vestings from February 28, 2025, and March 1, 2024.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports routine, non-discretionary transactions related to executive compensation and tax obligations, which do not reflect a change in company fundamentals or management's sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that the withholding of shares to cover tax obligations upon the vesting of restricted stock units is a standard and routine practice for executives receiving equity-based compensation across all industries. It is not indicative of a discretionary sale or a change in management's outlook on the company.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are non-discretionary tax-related transactions, not open market sales reflecting a change in investment thesis by the CEO.
Key Dates
| Date | Description |
|---|---|
| 2024-03-01 | Date of previous Form 4 filing reporting restricted stock units, which vested on February 28, 2026. |
| 2025-02-28 | Date of previous Form 4 filing reporting restricted stock units, which vested on February 26, 2026. |
| 2026-02-26 | Transaction date for withholding 6,549 shares of common stock to satisfy tax obligations. |
| 2026-02-28 | Transaction date for withholding 5,169 shares of common stock to satisfy tax obligations. |
| 2026-03-02 | Date the Form 4 was signed and filed. |
Recommendation
holdThis Form 4 filing details routine tax-related stock withholdings by the CEO upon RSU vesting. These are non-discretionary transactions and do not provide new information that would alter an investment thesis for First Hawaiian, Inc. Therefore, a 'hold' recommendation is appropriate as there's no fundamental change indicated by this filing.
Keywords
First Hawaiian, FHB, Robert S. Harrison, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Equity Compensation
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