Form 4: Hawaiian Electric Director Receives Stock Grant
Statement of Changes in Beneficial Ownership
Peggy Y. Fowler, a Director at Hawaiian Electric Industries Inc., was granted 9,238 shares of common stock on June 30, 2026, under the company's 2011 Nonemployee Director Stock Plan.
Summary
- Peggy Y. Fowler, a Director of Hawaiian Electric Industries Inc. (HEI), received a stock grant of 9,238 shares of common stock.
- The transaction occurred on June 30, 2026, and the shares were granted under the HEI 2011 Nonemployee Director Stock Plan.
- Following this transaction, Ms. Fowler beneficially owns 9,238 shares directly.
- Additionally, Ms. Fowler has indirect beneficial ownership of 63,888 shares held by the Fowler Family Trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock grant to a director under an existing plan and does not provide new financial information or strategic updates.
Positives
- Director compensation through stock grants aligns management's interests with shareholders.
- The grant of 9,238 shares indicates continued investment in the company by its directors.
- The Fowler Family Trust holds a significant number of shares (63,888), suggesting long-term commitment.
Future Outlook
This filing is a statement of changes in beneficial ownership and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that stock grants to directors are a common practice in the utility sector to incentivize long-term performance and align executive interests with those of shareholders. This type of compensation is standard for board members of publicly traded companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Peggy Y. Fowler has granted power of attorney to Kurt K. Murao, Liann Y. Ebesugawa, and Sean K. Clark to execute and file necessary SEC forms, including Forms 3, 4, and 5, on her behalf. | 2026-06-25 | Facilitates timely and accurate reporting of beneficial ownership changes by the director. |
Stakeholder Impact
- Shareholders: The stock grant aligns director interests with shareholder value, potentially leading to better long-term decision-making.
- Employees: Indirectly benefits from director alignment with company performance.
- Creditors: No direct impact from this type of filing.
Key Dates
| Date | Description |
|---|---|
| 06/25/2026 | Date of execution for the Power of Attorney document. |
| 06/30/2026 | Transaction date for the stock grant to Peggy Y. Fowler. |
| 07/02/2026 | Date of signature for the Power of Attorney document. |
Keywords
Hawaiian Electric Industries, HEI, Form 4, Stock Grant, Director Compensation, Beneficial Ownership, Peggy Y. Fowler
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