Form 4: First Hawaiian Exec Sells Shares for Tax Withholding
Insider Transaction Report
First Hawaiian, Inc. EVP & Chief Lending Officer Darlene N. Blakeney disposed of 206 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Darlene N. Blakeney, Executive Vice President & Chief Lending Officer of First Hawaiian, Inc. (FHB), reported a disposition of common stock.
- The transaction involved the sale of 206 shares of FHB common stock on February 22, 2026.
- The shares were disposed of at a price of $26.39 per share.
- This disposition was made to satisfy tax withholding obligations in connection with the vesting of previously reported restricted stock units.
- Following this transaction, Ms. Blakeney beneficially owns 19,068 shares of First Hawaiian, Inc. common stock directly.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this transaction as neutral. It is a routine, non-discretionary sale for tax purposes associated with executive compensation, rather than a discretionary sale indicating a change in sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that dispositions of shares to cover tax withholding obligations upon the vesting of restricted stock units are a routine and non-discretionary event for executives. This type of transaction is common across industries and does not typically signal a change in management's confidence in the company's prospects.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating adherence to pre-arranged trading plans designed to avoid accusations of insider trading. | 02/22/2026 | This demonstrates the company's and the executive's commitment to transparent and compliant trading practices, mitigating potential insider trading concerns. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment thesis or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 10/04/2023 | Date Form 3 was filed, previously reporting the restricted stock units that vested. |
| 02/22/2026 | Date of transaction where shares were disposed to satisfy tax withholding obligations. |
| 02/23/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 filing reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically provide new information that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this event does not alter the fundamental investment thesis for First Hawaiian, Inc.
Keywords
FHB, First Hawaiian, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation
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