Form 4: First Hawaiian Inc. Vice Chairman Alan Arizumi Reports Stock Transactions

Alan Arizumi, Vice Chairman of First Hawaiian, Inc., reports acquisition and disposal of common stock related to performance share units.

Summary

• On February 18, 2025, Alan Arizumi, Vice Chairman of First Hawaiian, Inc., acquired 7,224 shares of common stock related to performance share units granted in 2022.
• These shares were earned based on performance-based vesting requirements over a three-year period ending December 31, 2024, and continued employment.
• The Compensation Committee approved the amount of common stock earned on February 18, 2025, and settlement will occur no later than March 20, 2025.
• Also on February 18, 2025, 2,522 shares were withheld to satisfy withholding obligations related to the delivery of these shares at a price of $27.79.
• Following these transactions, Arizumi directly owns 68,710 shares and indirectly owns 7,902 shares through his spouse.
• His spouse also had 945 shares of common stock of First Hawaiian, Inc. ('Common Stock') underlying performance share units granted in 2022 and earned based on the satisfaction of performance-based vesting requirements over a three-year performance period ending on December 31, 2024 and continued employment through the determination date.
• Also on February 18, 2025, 353 shares were withheld to satisfy withholding obligations related to the delivery of these shares at a price of $27.79.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction related to previously granted performance share units, indicating standard corporate governance and compensation practices. The sentiment is neutral to slightly positive as it reflects the achievement of performance goals.

Positives

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

Future Outlook

Settlement of performance share units is expected no later than March 20, 2025.

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

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, such as First Hawaiian, Inc.
• Similar filings are made by executives at comparable financial institutions like Bank of Hawaii and Central Pacific Financial Corp.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

First Hawaiian, Inc., Alan Arizumi, performance share units, common stock, beneficial ownership, Form 4, insider trading