Form 4: First Hawaiian, Inc. Executive Robert S. Harrison Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Robert S. Harrison, Chairman, President, and CEO of First Hawaiian, Inc., reported the disposal of shares to cover withholding tax obligations related to vesting restricted stock units.
Summary
- On February 22, 2025, Robert S. Harrison disposed of 5,423 shares of First Hawaiian, Inc. common stock at a price of $26.48 to cover withholding tax obligations.
- Following this transaction, Harrison directly owns 449,662 shares of common stock.
- On February 23, 2025, Harrison disposed of 4,411 shares of First Hawaiian, Inc. common stock at a price of $26.48 to cover withholding tax obligations.
- Following this transaction, Harrison directly owns 445,251 shares of common stock.
- These disposals are related to the vesting of restricted stock units previously reported on Form 4 filings from February 23, 2023, and February 24, 2022.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax planning. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time.
- Upon vesting, executives commonly sell a portion of the shares to cover income tax obligations.
- The amount of shares sold for tax purposes is generally proportional to the executive's tax bracket and the value of the vested shares.
- Companies like Bank of Hawaii (BOH) and Central Pacific Financial Corp (CPF) also see similar patterns of executive stock transactions related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Date of Form 4 filing previously reporting restricted stock units related to the February 23, 2025 transaction. |
| February 23, 2023 | Date of Form 4 filing previously reporting restricted stock units related to the February 22, 2025 transaction. |
| February 22, 2025 | Date of common stock disposal to cover withholding tax obligations. |
| February 23, 2025 | Date of common stock disposal to cover withholding tax obligations. |
| February 24, 2025 | Date of signature for the Form 4 filing. |
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