Form 4: Hawaiian Electric Industries CEO Reports Stock Transactions
SEC Form 4 Filing
Scott W.H. Seu, President & CEO of Hawaiian Electric Industries, reports the withholding of shares to cover tax obligations related to RSU settlements and shares acquired through a dividend reinvestment plan.
Summary
- Scott W.H. Seu, the President and CEO of Hawaiian Electric Industries, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 21, 2025, 4,439 shares of common stock were withheld by the issuer to satisfy tax obligations related to the net settlement of Restricted Stock Units (RSUs).
- This transaction is not considered a sale by Seu.
- The closing stock price on February 21, 2025, was $10.76.
- Following the reported transaction, Seu directly owns 54,080.09 shares of Hawaiian Electric Industries common stock.
- Seu also indirectly owns 228.9 shares as custodian for his daughter, acquired through the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- Seu's continued participation in the Dividend Reinvestment and Stock Purchase Plan indicates a long-term investment perspective in Hawaiian Electric Industries.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations and dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | First RSU grants in 2023, from which dividend equivalents accrue. |
| 02/21/2025 | Date of the reported stock transaction where shares were withheld for tax obligations. |
| 02/25/2025 | Date of the Form 4 filing. |
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