Form 4: First Hawaiian, Inc. Executive Robert Harrison Reports Acquisition and Disposal of Shares

Robert Harrison, Chairman, President, and CEO of First Hawaiian, Inc., reports the acquisition of 52,544 shares and disposal of 19,506 shares of common stock on February 18, 2025.

Summary

• On February 18, 2025, Robert S. Harrison, Chairman, President, and CEO of First Hawaiian, Inc., acquired 52,544 shares of common stock.
• These shares relate to performance share units granted in 2022 that vested based on performance over a three-year period ending December 31, 2024.
• The Compensation Committee approved the share amount on February 18, 2025, with settlement expected by March 20, 2025.
• Also on February 18, 2025, Mr. Harrison disposed of 19,506 shares at $27.79 to cover withholding obligations related to the share unit settlement.
• Following these transactions, Mr. Harrison directly owns 455,085 shares of First Hawaiian, Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the expected vesting of performance-based compensation, indicating the executive met performance goals.

Positives

• The vesting of performance share units indicates that performance goals were met over the three-year performance period.

Future Outlook

The performance share units will be settled in shares of Common Stock no later than March 20, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction affects the total number of outstanding shares and insider ownership, which may be of interest to shareholders.

Next Steps

• Settlement of performance share units in shares of common stock no later than March 20, 2025.

Key Dates

Keywords

Form 4, Robert Harrison, First Hawaiian, Inc., FHB, Beneficial Ownership, Performance Share Units, Stock Acquisition, Stock Disposal