Form 4: First Hawaiian Inc. Vice Chairman Neill Char Reports Stock Award and Tax Withholding

Neill Char, Vice Chairman of First Hawaiian, Inc., reports the acquisition of 6,567 shares of common stock related to performance share units and the withholding of 2,327 shares for tax obligations.

Summary

• On February 18, 2025, Neill Char, Vice Chairman of First Hawaiian, Inc., acquired 6,567 shares of common stock due to the vesting of performance share units granted in 2022.
• These units were earned based on performance over a three-year period ending December 31, 2024, and continued employment.
• The Compensation Committee approved the share amount on February 18, 2025, with settlement due by March 20, 2025.
• Additionally, 2,327 shares were withheld on February 18, 2025, at a price of $27.79 to cover tax obligations related to the share award.
• Following these transactions, Neill Char directly owns 32,661 shares of First Hawaiian, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard insider transaction related to compensation, indicating that performance goals were met. This is generally a neutral to slightly positive signal.

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

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Neill Char, First Hawaiian, Inc., FHB, Performance Share Units, Stock Award, Tax Withholding