SCHEDULE 13G/A: Manulife Entities Update Significant Stake in First Hawaiian, Inc. Common Stock
Beneficial Ownership Amendment
Manulife Financial Corporation and its subsidiaries have filed an amended Schedule 13G, detailing their updated beneficial ownership in First Hawaiian, Inc.'s common stock.
Summary
- Manulife Financial Corporation (MFC), along with its indirect, wholly-owned subsidiaries Manulife Investment Management (US) LLC (MIM (US)) and Manulife Investment Management Limited (MIML), filed an Amendment No. 4 to Schedule 13G.
- The filing discloses beneficial ownership of First Hawaiian, Inc. (Issuer) common stock.
- As of March 31, 2025, MIM (US) beneficially owned 10,476,114 shares of Common Stock, representing 8.29% of the class.
- MIML beneficially owned 17,385 shares of Common Stock, representing 0.01% of the class.
- MFC is deemed to have beneficial ownership of these same shares through its parent-subsidiary relationship with MIM (US) and MIML.
- The total number of First Hawaiian, Inc. Common Stock shares outstanding as of February 14, 2025, was 126,422,898, as reported in the issuer's Form 10-Q filed on February 28, 2025.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without indicating positive or negative sentiment regarding the issuer's performance or future prospects.
Future Outlook
This document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the issuer's business or financial performance.
Management Comments
- Graham Miller, Agent for Manulife Financial Corporation, signed the filing.
- Christopher Walker, Chief Compliance Officer for Manulife Investment Management Limited, signed the filing.
- Paul M. Donahue, Chief Compliance Officer for Manulife Investment Management (US) LLC, signed the filing.
Industry Context
This filing is a routine disclosure required by the SEC for institutional investors who acquire more than 5% beneficial ownership of a company's stock. It reflects standard compliance and transparency practices within the financial industry, providing public insight into significant institutional holdings.
Stakeholder Impact
- Shareholders of First Hawaiian, Inc. are informed about the continued significant institutional ownership by Manulife entities, which can influence perceptions of stability and institutional interest in the company.
Key Dates
| Date | Description |
|---|---|
| January 17, 2018 | Date of Power of Attorney for Graham Miller, Agent of Manulife Financial Corporation. |
| January 29, 2018 | Date Power of Attorney was included as Exhibit A to Schedule 13F-NT filed by Manulife Financial Corporation. |
| February 14, 2025 | Date as of which 126,422,898 shares of Common Stock were outstanding for First Hawaiian, Inc. |
| February 28, 2025 | Date First Hawaiian, Inc. filed its Form 10-Q with the SEC, reporting shares outstanding. |
| March 31, 2025 | Date of event which requires the filing of this Schedule 13G/A statement. |
| May 1, 2025 | Signature date for Manulife Financial Corporation on the Joint Filing Agreement. |
| May 8, 2025 | Signature date for Manulife Investment Management (US) LLC on the Joint Filing Agreement. |
| May 12, 2025 | Signature date for Manulife Investment Management Limited on the Joint Filing Agreement. |
Keywords
Schedule 13G/A, beneficial ownership, First Hawaiian Inc., Manulife Financial Corporation, Manulife Investment Management, institutional ownership, SEC filing, common stock, investment management
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