Form 4: First Hawaiian, Inc. Director Vanessa L. Washington Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Director Vanessa L. Washington reports acquisition and disposal of First Hawaiian, Inc. common stock and restricted stock units.

Summary

  • On April 24, 2024, Vanessa L. Washington, a director of First Hawaiian, Inc., reported changes in her beneficial ownership of the company's securities.
  • She acquired 3,151 shares of common stock.
  • She also disposed of 16,638 shares of common stock.
  • The acquisition was related to restricted stock units that will vest on 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 Board of Directors.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment.

Future Outlook

The restricted stock units will vest on the earlier of (a) April 24, 2025, (b) the date of First Hawaiian, Inc.'s 2025 annual meeting of stockholders or (c) a change in control of First Hawaiian, Inc., subject to continued service on the First Hawaiian, Inc. Board of Directors through the vesting date, and will settle in shares of Common Stock on a one-for-one basis within 30 days of vesting.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the change in ownership.

Key Dates

DateDescription
04/24/2024Date of transaction: acquisition and disposal of common stock and grant of restricted stock units.
04/24/2025Earliest vesting date for restricted stock units.
2025 Annual MeetingPotential vesting date for restricted stock units.
04/26/2024Date of signature.

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