Form 4: First Hawaiian Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Darlene N. Blakeney, EVP & Chief Lending Officer of First Hawaiian, Inc., sold shares to cover withholding obligations related to vesting restricted stock units.
Summary
- Darlene N. Blakeney, an executive at First Hawaiian, Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
- On February 28, 2025, Ms. Blakeney disposed of 646 shares of common stock at a price of $26.91 per share.
- This transaction was to cover withholding obligations related to the vesting of restricted stock units previously reported on March 1, 2024.
- Following the transaction, Ms. Blakeney directly owns 17,650 shares of First Hawaiian, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Date of previously reported Form 4 regarding restricted stock units. |
| February 28, 2025 | Date of transaction: Sale of shares to cover withholding obligations. |
| March 3, 2025 | Date of signature on the Form 4 filing. |
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