Satenberg Bradley Steven 4

What Happened

• Bradley Steven Satenberg, Vice Chair & CFO of Bank of Hawaii Corporation, had restricted stock units (RSUs) convert into common shares on July 20, 2026. The filing shows 2,973 shares converted and immediately sold at $83.80 for $249,137, and 959 shares were withheld by the company to cover tax withholding, valued at $80,364.
• These transactions arise from an award of 5,945 RSUs granted July 19, 2024 that vested based on service and performance after the two‑year performance period. The activity appears routine (vesting + tax withholding and a sale) rather than an open‑market purchase.

Key Details

• Transaction date: 2026-07-20; filing date: 2026-07-21 (timely filing).
• Sales: 2,973 shares sold at $83.80 each = $249,137; 959 shares withheld for taxes at $83.80 each = $80,364.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax liability.
• Footnotes: F1—each RSU equals one share; F2—959 shares were withheld by Bank of Hawaii to cover tax liability; F3—the 5,945 RSUs were originally granted 7/19/2024 subject to a two‑year performance/service vesting schedule.
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context

• This was a conversion/vesting event, not an open‑market purchase. The conversion of RSUs followed by share withholding to satisfy taxes and a sale of shares is a common, administrative outcome of equity award vesting.
• M (derivative exercise/conversion) here means the RSUs converted into shares; F indicates shares were surrendered/withheld to meet tax obligations. These actions are typically routine and do not necessarily signal management’s market view.