Form 4: Hawaiian Electric Industries Executive Ann Teranishi Reports Stock Transaction
SEC Form 4 Filing
Ann Teranishi, Pres & CEO of American Savings Bank (a subsidiary of Hawaiian Electric Industries), reports disposition of 372 shares of HE common stock to cover tax obligations.
Summary
- On May 24, 2024, Ann Teranishi, Pres & CEO of American Savings Bank, reported a transaction involving Hawaiian Electric Industries (HE) common stock.
- Teranishi disposed of 372 shares at a price of $10.63 per share to cover tax obligations.
- Following the transaction, Teranishi directly owns 30,979.5 shares of HE common stock.
- Teranishi also indirectly owns 46 shares through the Eric H. Kunisaki & Ann C. Teranishi Trust.
- The reported holdings include shares acquired through the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan and accrued dividend equivalents.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports a routine stock transaction by an executive. There is no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 02/11/2022 | First RSU grants in 2022, from which dividend equivalents have accrued. |
| 05/24/2024 | Date of the stock transaction (disposal of shares). |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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