Form 4: First Hawaiian Vice Chair Vests Performance Shares

First Hawaiian, Inc. Vice Chair Neill Char acquired 9,073 shares of common stock through the vesting of performance share units, with 4,807 shares withheld for tax obligations.

Summary

• Neill Char, Vice Chair of First Hawaiian, Inc., acquired 9,073 shares of common stock.
• These shares represent the settlement of performance share units granted in 2023, earned based on the satisfaction of performance-based vesting requirements over a three-year period ending December 31, 2025, and continued employment.
• The Compensation Committee of the Board of Directors approved the amount of common stock earned on February 17, 2026.
• 4,807 shares of common stock were withheld at a price of $26.4 per share to satisfy tax withholding obligations related to the vested performance share units.
• Following these transactions, Neill Char beneficially owns 41,470 shares of First Hawaiian, Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard and expected executive compensation transaction that does not inherently indicate positive or negative operational performance or strategic shifts.

Positives

• The vesting of performance share units indicates that the company's performance-based vesting requirements were met over the three-year period ending December 31, 2025.

Future Outlook

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

Industry Context

StockSavvy.ai notes that the vesting of performance share units and subsequent tax withholding is a routine and standard practice in executive compensation across the financial services industry, aligning executive incentives with long-term company performance.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction is a routine executive compensation event and is unlikely to have a significant direct impact on existing shareholders, as it reflects pre-approved incentive plans.
• Employees: The vesting of performance share units demonstrates the company's commitment to its executive compensation structure, potentially influencing employee morale and retention strategies.

Next Steps

• Settlement of the vested performance share units in shares of common stock no later than March 19, 2026.

Key Dates

Keywords

First Hawaiian, FHB, Neill Char, Insider Transaction, Form 4, Performance Share Units, Executive Compensation, Stock Vesting