Form 4: Hawaiian Electric CEO's Stock Transaction for Tax Withholding

Hawaiian Electric Industries CEO Scott W.H. Seu reported a disposition of 1,583 common shares for tax withholding purposes related to RSU vesting.

Summary

• Scott W.H. Seu, President & CEO and Director of Hawaiian Electric Industries Inc. (HE), reported a transaction on February 20, 2026.
• The transaction involved the disposition of 1,583 shares of Common Stock at a price of $15.86 per share.
• This disposition was a non-sale transaction, representing shares withheld by the issuer to satisfy tax withholding obligations in connection with the net settlement of Restricted Stock Units (RSUs).
• Following this transaction, Mr. Seu directly beneficially owns 52,043.09 shares of Common Stock.
• Additionally, Mr. Seu indirectly beneficially owns 228.9 shares as Custodian for a daughter and another 228.9 shares as Custodian for another daughter.
• The reported beneficial ownership includes accrued dividend equivalents from February 10, 2023, which accrue in HE common stock and are paid upon vesting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary transaction for tax withholding purposes related to executive compensation, rather than a discretionary sale or purchase.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings from RSU vesting, are common occurrences across all industries for executives receiving equity compensation. This specific transaction does not indicate any broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and not a market sale indicating a change in insider sentiment.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Hawaiian Electric Industries, HE, Scott W.H. Seu, Insider Transaction, Form 4, Restricted Stock Units, Tax Withholding, Common Stock