Form 4: First Hawaiian, Inc. Director Tertia M. Freas Reports Acquisition and Disposal of Shares

Director Tertia M. Freas reports acquiring restricted stock units and disposing of common stock in First Hawaiian, Inc.

Summary

• Tertia M. Freas, a director of First Hawaiian, Inc. (FHB), filed a Form 4 detailing changes in beneficial ownership.
• On April 22, 2025, Freas acquired 3,005 restricted stock units (RSUs) at a price of $0.
• These RSUs will vest on the earlier of April 22, 2026, the date of First Hawaiian, Inc.'s 2026 annual meeting of stockholders, or a change in control of First Hawaiian, Inc., subject to continued service on the Board of Directors.
• The RSUs will settle in shares of Common Stock on a one-for-one basis within 30 days of vesting.
• On the same day, Freas disposed of 4,511 shares of common stock.
• Following these transactions, Freas beneficially owns 4,511 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions by a company director.

Future Outlook

The restricted stock units will vest based on continued service and specific future events, indicating a long-term incentive for the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of First Hawaiian, Inc. stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.
• The vesting of restricted stock units incentivizes the director to remain with the company and work towards its success.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, FHB, First Hawaiian, Inc., director, Tertia M. Freas, stock disposal, stock acquisition