Form 4: Hawaiian Electric Industries Director Receives Equity Grant Under Compensation Plan

Peggy Y. Fowler, a Director at Hawaiian Electric Industries Inc., was granted 11,759 shares of common stock as part of the company's nonemployee director stock plan.

Summary

• Peggy Y. Fowler, a Director of Hawaiian Electric Industries Inc. (HE), received a grant of 11,759 shares of common stock.
• The transaction occurred on June 30, 2025, with the shares acquired at a price of $0.
• This stock grant was made pursuant to the HEI 2011 Nonemployee Director Stock Plan.
• Following this transaction, Peggy Y. Fowler directly beneficially owns 11,759 shares of common stock.
• Additionally, 52,129 shares are indirectly beneficially owned by the Fowler Family Trust.

Sentiment

Score: 6

Explanation: The filing reports a routine stock grant to a director as part of an existing compensation plan, which is a neutral to slightly positive event as it aligns director interests with shareholders. It contains no negative financial or operational news.

Positives

• The stock grant aligns the interests of Director Peggy Y. Fowler with those of shareholders, as her compensation is tied to the company's equity performance.
• The grant is part of a pre-existing, approved compensation plan (HEI 2011 Nonemployee Director Stock Plan), indicating structured corporate governance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

Stock grants to non-employee directors are a common practice across various industries, including utilities, to align director interests with shareholder value and provide competitive compensation. This specific transaction is consistent with standard corporate governance practices for public companies.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard component of compensation packages in publicly traded companies across various sectors, including utilities like Hawaiian Electric Industries. While specific grant sizes vary based on company size, industry, and individual director responsibilities, the practice itself is a widely accepted method for aligning director incentives with shareholder interests. No specific comparable companies or projects are mentioned in the document to provide a direct comparison of the grant size.

Corporate Governance

Related Party Transactions

• The stock grant to Director Peggy Y. Fowler is a transaction with a related party (an insider), but it is a standard form of compensation under an approved plan.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders, potentially fostering better governance and long-term value creation.

Key Dates

Keywords

Hawaiian Electric Industries, HE, Form 4, Insider transaction, Stock grant, Director compensation, Equity award, Beneficial ownership, Peggy Y. Fowler