Form 4: First Hawaiian Inc. Vice Chairman Alan Arizumi Reports Acquisition of Restricted Stock Units

Alan Arizumi, Vice Chairman of First Hawaiian, Inc., reports the acquisition of restricted stock units that vest in equal annual installments starting February 26, 2026.

Summary

• On February 26, 2025, Alan Arizumi, Vice Chairman of First Hawaiian, Inc. acquired 6,777 shares of common stock and 894 shares of common stock indirectly through his spouse.
• These shares were acquired as restricted stock units that will vest in three equal annual installments beginning on February 26, 2026.
• The restricted stock units will settle in shares of Common Stock on a one-for-one basis, subject to continued employment through the applicable vesting date.
• Following the transaction, Arizumi directly owns 74,589 shares of Common Stock and indirectly owns 8,640 shares through his spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative performance or concerns.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued employment and commitment to the company's long-term success.

Risks

• The value of the restricted stock units is subject to the performance of First Hawaiian, Inc.'s stock.
• The executive must remain employed with the company to fully vest the restricted stock units.

Future Outlook

The restricted stock units will vest over the next three years, contingent on continued employment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the financial industry to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Equity compensation in the form of restricted stock units is a common practice among publicly traded companies, particularly in the financial sector, to incentivize executives and align their interests with shareholders.
• Comparable companies such as Bank of Hawaii Corporation and Central Pacific Financial Corp. also utilize similar equity compensation plans for their executives.
• The vesting schedule of three years is also a standard practice in the industry.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the Vice Chairman is incentivized to improve the company's performance.
• Employees may see this as a standard part of executive compensation.

Next Steps

• The restricted stock units will continue to vest annually on February 26th for the next two years, subject to continued employment.

Key Dates