Form 4: Executive Kurt K. Murao Reports Changes in Beneficial Ownership of Hawaiian Electric Industries Inc. Stock
SEC Form 4 Filing
Kurt K. Murao, EVP, GC & Chief Admin Officer of Hawaiian Electric Industries Inc., reports the withholding of 1,032 common stock shares to cover tax obligations related to the net settlement of Restricted Stock Units (RSUs).
Summary
- On February 21, 2025, Kurt K. Murao, an executive at Hawaiian Electric Industries Inc. (HE), reported a change in beneficial ownership of the company's common stock.
- The change involved the withholding of 1,032 shares by the issuer to satisfy tax withholding obligations related to the net settlement of Restricted Stock Units (RSUs).
- The transaction did not represent a sale by Murao.
- Following the transaction, Murao beneficially owns 36,394.39 shares of HE common stock.
- This amount includes accrued dividend equivalents from February 10, 2023, to date, as well as shares acquired under the company's Dividend Reinvestment and Stock Purchase Plan.
- The closing stock price on February 21, 2025, was $10.76.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the executive's stake in the company.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
- It provides transparency to shareholders regarding executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | First RSU grants in 2023, from which dividend equivalents accrue. |
| 02/21/2025 | Date of transaction: 1,032 shares withheld for tax obligations; closing stock price $10.76. |
| 02/25/2025 | Date of signature on the report. |
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