Satenberg Bradley Steven 4

What Happened

• Bradley Steven Satenberg, Vice Chair and Chief Financial Officer of Bank of Hawaii Corporation, received an award of 6,330 restricted stock units (RSUs) on February 19, 2026. The Form 4 reports the grant as an acquisition at $0.00 because these are compensation RSUs (derivative award), not an open‑market purchase or sale.
• Each RSU represents a contingent right to receive one share of BOH common stock upon vesting. The grant’s immediate dollar value is not reported on the Form 4 and the units will only convert to shares if vesting conditions are met.

Key Details

• Transaction date: 2026-02-19 (Form 4 filed 2026-02-23, accession 0001299992-26-000001)
• Transaction type/code: Award/Grant (A); 6,330 RSUs acquired at $0.00 (derivative)
• Shares owned after transaction: Not specified in the filing
• Footnotes: F1—each RSU = right to one share on vesting; F2—the 6,330 RSUs are subject to service and performance vesting based on a three‑year performance period
• No indication in the filing that this was a sale, exercise, gift, or 10% owner transaction

Context

• RSU grants are compensation and typically vest over time (here, tied to service and performance over three years). They do not represent immediately tradable shares until vesting and settlement occur.
• Such awards are common for executives and reflect compensation design rather than a direct bullish or bearish market signal.