Form 4: First Hawaiian Vice Chair Sells Shares for Tax Obligations

First Hawaiian, Inc. Vice Chair Neill Char reported the sale of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Neill Char, Vice Chair of First Hawaiian, Inc. (FHB), reported two transactions involving the disposition of common stock.
• On February 26, 2026, 1,012 shares of common stock were disposed of at a price of $25.89 per share.
• This disposition was to satisfy tax withholding obligations in connection with the vesting of restricted stock units, which were previously reported on a Form 4 filed on February 28, 2025.
• Following this transaction, Neill Char beneficially owned 47,132 shares directly.
• On February 28, 2026, an additional 621 shares of common stock were disposed of at a price of $24.76 per share.
• This second disposition also satisfied tax withholding obligations related to the vesting of restricted stock units, previously reported on a Form 4 filed on March 1, 2024.
• After both reported transactions, Neill Char's direct beneficial ownership stands at 46,511 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. The transactions are non-discretionary sales to cover tax obligations arising from vested equity compensation, which is a standard practice and does not indicate a change in management's confidence or the company's operational performance.

Positives

• The underlying event for the share dispositions is the vesting of restricted stock units, which represents a form of compensation and retention for the Vice Chair.

Negatives

• The reported transactions represent a reduction in the Vice Chair's direct beneficial ownership of First Hawaiian, Inc. common stock by a total of 1,633 shares.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding for vested equity awards, are common occurrences across all industries. These types of sales are generally administrative and do not typically reflect a change in management's sentiment about the company's future prospects, unlike open market purchases or discretionary sales.

Stakeholder Impact

• Shareholders: The reduction in insider ownership is minimal and due to routine tax obligations, unlikely to significantly impact shareholder perception or company valuation.
• Employees: The vesting of restricted stock units indicates ongoing compensation for key management, which can be a positive for employee retention and morale.

Key Dates

Keywords

First Hawaiian, FHB, Neill Char, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, Tax Withholding, Corporate Officer