Form 4: First Hawaiian Inc. Vice Chairman Neill Char Reports Stock Disposal for Tax Obligations

Neill Char, Vice Chairman of First Hawaiian, Inc., disposed of 621 shares of common stock on February 28, 2025, to cover withholding obligations related to vesting restricted stock units.

Summary

• On February 28, 2025, Neill Char, the Vice Chairman of First Hawaiian, Inc. (FHB), disposed of 621 shares of common stock.
• The transaction was executed to satisfy withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a price of $26.91 per share.
• Following the transaction, Neill Char directly owns 37,204 shares of First Hawaiian, Inc.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment. It reports a routine transaction related to tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.

Comparison to Industry Standards

• Form 4 filings are standard practice across all publicly listed companies in the US, ensuring transparency in insider trading.
• Similar filings can be observed for executives at comparable financial institutions like Bank of Hawaii (BOH) and Central Pacific Financial Corp (CPF), reflecting similar patterns of stock transactions for tax purposes.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.

Key Dates