Form 4: First Hawaiian, Inc. Director Allen Bruce Uyeda Reports Acquisition of Restricted Stock Units

Director Allen Bruce Uyeda reports acquisition of 3,151 restricted stock units in First Hawaiian, Inc.

Summary

• On April 24, 2024, Allen Bruce Uyeda, a director of First Hawaiian, Inc. (FHB), acquired 3,151 restricted stock units.
• These restricted stock units were acquired at a price of $0.
• Following the transaction, Uyeda directly owns 29,133 shares of FHB common stock.
• The restricted stock units will vest on the earlier of April 24, 2025, the date of First Hawaiian, Inc.'s 2025 annual meeting of stockholders, or a change in control of First Hawaiian, Inc., subject to continued service on the First Hawaiian, Inc. Board of Directors through the vesting date.
• The restricted stock units will settle in shares of Common Stock on a one-for-one basis within 30 days of vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock units granted to a director. The vesting conditions suggest a long-term commitment.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service on the First Hawaiian, Inc. Board of Directors and could be accelerated by a change in control of the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders, incentivizing them to work towards the company's long-term success.

Key Dates