Form 4: Hawaiian Electric Industries Executive Reports Stock Transactions

Shelee M.T. Kimura, a Pres & CEO at Hawaiian Electric Industries, reports the withholding of shares for tax obligations and dividend reinvestment.

Summary

• On February 21, 2025, Shelee M.T. Kimura, a Pres & CEO at Hawaiian Electric Industries, reported transactions involving common stock.
• 2,780 shares were withheld by the issuer to cover tax obligations related to the net settlement of Restricted Stock Units (RSUs) at a price of $10.76 per share.
• Kimura directly owns 28,196 shares of common stock following the reported transactions.
• Kimura indirectly owns 1,358.05 shares subject to STA TOD rules through the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to tax obligations and dividend reinvestment. There is no indication of significant positive or negative news.

Positives

• The reporting person continues to hold a significant number of shares in the company, indicating confidence.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Hawaiian Electric Industries.
• Similar filings are made by executives at comparable utilities companies such as NextEra Energy (NEE) and Duke Energy (DUK) when they engage in stock transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they primarily involve tax withholding and dividend reinvestment.

Key Dates