SCHEDULE: Manulife Entities Adjust First Hawaiian Stake Below 5%

Manulife Financial Corporation and its subsidiaries have updated their beneficial ownership in First Hawaiian, Inc., with Manulife Investment Management (US) LLC's stake now at 4.60%, falling below the 5% threshold.

Summary

• Manulife Financial Corporation (MFC), Manulife Investment Management Limited (MIML), and Manulife Investment Management (US) LLC (MIM (US)) are the reporting persons for this Schedule 13G/A filing.
• The filing is Amendment No. 7 to Schedule 13G concerning the common stock of First Hawaiian, Inc.
• Manulife Investment Management (US) LLC beneficially owns 5,694,650 shares of First Hawaiian, Inc. common stock, representing 4.60% of the class.
• Manulife Investment Management Limited beneficially owns 19,685 shares of First Hawaiian, Inc. common stock, representing 0.02% of the class.
• Manulife Financial Corporation may be deemed to have beneficial ownership of these shares due to its parent-subsidiary relationship with MIM (US) and MIML.
• The total number of First Hawaiian, Inc. common shares outstanding was 123,719,585 as of October 24, 2025.
• MIM (US) now holds less than 5% of the class, which is the primary reason for this amendment filing.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure filing, primarily reporting a change in beneficial ownership percentage below a regulatory threshold, with no direct positive or negative implications for the issuer's operational performance.

Positives

• Manulife Investment Management (US) LLC's beneficial ownership falling below the 5% threshold reduces its future regulatory reporting burden for First Hawaiian, Inc.

Negatives

• The reduction in Manulife Investment Management (US) LLC's stake below 5% could be interpreted by some investors as a decrease in institutional interest, though the filing does not provide a reason for the change.

Future Outlook

This filing is a regulatory disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the future outlook of First Hawaiian, Inc. or Manulife's investment strategy.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors. A reduction in beneficial ownership below the 5% threshold for a significant holder like Manulife Investment Management (US) LLC typically signals a portfolio rebalancing or a strategic decision to reduce exposure, rather than a direct commentary on the issuer's performance. This change reduces the regulatory reporting burden for Manulife.

Stakeholder Impact

• Shareholders of First Hawaiian, Inc. will note that a large institutional holder's stake has fallen below 5%, which may indicate a shift in institutional investment interest or portfolio allocation.
• Manulife Financial Corporation and its subsidiaries will experience a reduced regulatory reporting burden for their investment in First Hawaiian, Inc. due to no longer being a 5%+ beneficial owner.

Key Dates

Keywords

First Hawaiian Inc, FHB, Manulife Financial Corporation, Manulife Investment Management, Schedule 13G, beneficial ownership, institutional ownership, common stock