Form 4: First Hawaiian Inc. Vice Chairman Neill Char Reports Acquisition and Disposal of Common Stock

Neill Char, Vice Chairman of First Hawaiian, Inc., reports acquiring restricted stock units and disposing of common stock on February 28, 2024.

Summary

• On February 28, 2024, Neill Char, Vice Chairman of First Hawaiian, Inc., acquired 5,769 shares of common stock in the form of restricted stock units.
• These restricted stock units will vest in three equal annual installments starting February 28, 2025, and will settle in shares of common stock on a one-for-one basis, contingent upon continued employment.
• On the same day, Neill Char also disposed of 28,656 shares of common stock.
• Following these transactions, Neill Char beneficially owns 28,656 shares of First Hawaiian, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning on February 28, 2025, subject to continued employment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The vesting of restricted stock units incentivizes the executive to remain with the company.

Key Dates