Form 4: First Hawaiian Vice Chair Alan Arizumi's Equity Grant

First Hawaiian, Inc. Vice Chair Alan Arizumi received common stock from performance share units, with a portion withheld for tax obligations.

Summary

• Alan Arizumi, Vice Chair of First Hawaiian, Inc. (FHB), acquired 9,073 shares of common stock directly and 1,035 shares indirectly (by spouse) on February 17, 2026.
• These shares represent the settlement of performance share units (PSUs) granted in 2023, which vested based on performance through December 31, 2025, and continued employment.
• The Compensation Committee of First Hawaiian, Inc.'s Board of Directors approved the earned amount of common stock on February 17, 2026.
• A total of 3,145 direct shares and 389 indirect shares were disposed of at a price of $26.4 per share to satisfy tax withholding obligations related to the PSU settlement.
• Following these transactions, Alan Arizumi directly beneficially owns 43,436 shares and indirectly beneficially owns 2,608 shares (by spouse).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event for the executive, reflecting successful achievement of performance targets and a routine compensation payout. For the company, it's a neutral event as it's a planned part of executive compensation.

Positives

• Alan Arizumi successfully met the performance-based vesting requirements for performance share units granted in 2023, resulting in the acquisition of 10,108 shares of common stock (9,073 direct, 1,035 indirect).

Negatives

• A portion of the vested shares (3,534 shares in total) was withheld to cover tax obligations, reducing the net shares received.

Future Outlook

The performance share units are expected to be fully settled in shares of common stock no later than March 19, 2026.

Industry Context

StockSavvy.ai notes that the settlement of performance share units and subsequent tax withholding is a standard practice in executive compensation across the financial services industry. This type of transaction reflects the culmination of long-term incentive plans designed to align executive interests with shareholder value creation over multi-year performance periods.

Comparison to Industry Standards

• The structure of performance share units with a three-year vesting period and performance-based criteria is consistent with common executive compensation practices observed in major U.S. financial institutions like JPMorgan Chase & Co. or Bank of America Corp., which often tie a significant portion of executive pay to long-term performance metrics.
• The withholding of shares to cover tax obligations upon vesting is a standard and efficient mechanism for managing tax liabilities, mirroring practices seen in equity compensation plans across publicly traded companies globally.

Stakeholder Impact

• Shareholders: The issuance of new shares for the performance share unit settlement will result in a minor, anticipated dilution, which is a standard component of long-term incentive plans.
• Executive (Alan Arizumi): The transaction represents a significant component of his compensation, aligning his financial interests with the long-term performance of First Hawaiian, Inc.

Next Steps

• Settlement of the performance share units in shares of common stock is expected to occur no later than March 19, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of performance share units and subsequent tax withholding. It does not present new information that would fundamentally alter the investment thesis for First Hawaiian, Inc. While positive for the executive, it is an expected operational occurrence for the company and does not warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

FHB, First Hawaiian, Alan Arizumi, Form 4, Insider Transaction, Performance Share Units, Equity Compensation, Executive Compensation