Ajello James A 4
Research Summary
AI-generated summary
Hawaiian Electric (HE) Director James A. Ajello Receives 9,238-Share Award
What Happened
- James A. Ajello, a director of Hawaiian Electric Industries, received an award of 9,238 shares on 2026-06-30. The grant was reported as an acquisition (code A) at $0.00 per share (total reported cash value $0), reflecting a stock award rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-06-30; 9,238 shares @ $0.00 (award).
- Filing date: Form 4 filed 2026-07-02 (two business days after the transaction, consistent with Form 4 timing rules).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 — stock grant pursuant to the HEI 2011 Nonemployee Director Stock Plan.
- Transaction type: Award/Grant (A); not a purchase (P) or sale (S).
Context
- This was a director compensation grant under the company's nonemployee director plan, a common form of non-cash compensation for board members. Such awards reflect compensation policy rather than an insider buying or selling shares in the open market and should not be interpreted directly as a bullish or bearish signal.