Form 4: Hawaiian Electric Exec's RSU Tax Withholding

Hawaiian Electric Industries EVP Kurt K. Murao reported the withholding of 528 common shares for tax obligations related to Restricted Stock Units.

Summary

• Kurt K. Murao, Executive Vice President, General Counsel & Chief Administrative Officer of Hawaiian Electric Industries Inc. (HE), reported a transaction on February 20, 2026.
• The transaction involved the disposition of 528 shares of common stock.
• These shares were withheld by the issuer to satisfy tax withholding obligations in connection with the net settlement of Restricted Stock Units (RSUs).
• The transaction does not represent a sale by Mr. Murao.
• The closing stock price on the transaction date, February 20, 2026, was $15.86 per share.
• Following this transaction, Mr. Murao beneficially owns 37,867.39 shares of common stock.
• The reported beneficial ownership includes accrued dividend equivalents denominated in HE common stock from February 10, 2023, which are paid upon vesting of RSUs.

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 and does not indicate any strategic or operational changes.

Industry Context

StockSavvy.ai notes that tax withholdings related to the vesting of Restricted Stock Units are a standard and routine practice for executive compensation across various industries, including the utilities sector where Hawaiian Electric Industries operates. This type of transaction is a common mechanism for executives to cover tax liabilities without a personal cash outlay.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale or purchase, reflecting standard executive compensation practices.

Key Dates

Keywords

Hawaiian Electric Industries, HE, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation, Kurt K. Murao