Harrison Robert S 4
4 · FIRST HAWAIIAN, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
First Hawaiian CEO Robert Harrison Receives Award; Shares Withheld
What Happened
Robert S. Harrison, Chairman, President & CEO of First Hawaiian, Inc. (FHB), was awarded 69,567 shares on Feb 17, 2026 representing performance share units (PSUs) granted in 2023 that vested after the three‑year performance period. To satisfy withholding obligations tied to the delivery of those earned shares, 35,117 shares were withheld/disposed at an effective value of $26.40 per share, totaling approximately $927,089. The earned PSUs will be settled in shares no later than March 19, 2026. This was an award/settlement event with routine tax‑withholding, not an open‑market sale or new purchase.
Key Details
- Transaction date: February 17, 2026
- Award: 69,567 shares (performance share units earned; code A) acquired at $0.00 (no purchase price)
- Withholding: 35,117 shares withheld (code F) at $26.40/share for taxes — proceeds value ≈ $927,089
- Settlement timing: Company determined award on Feb 17, 2026; PSUs to be settled in shares by March 19, 2026 (per footnote)
- Shares owned after transaction: Not disclosed in the filing
- Filing timeliness: Report filed Feb 19, 2026 for a Feb 17 transaction (no late filing indicated)
Context
These shares come from performance‑based RSU/PSU awards granted in 2023 and earned after meeting performance and continued‑employment requirements through 2025. The withholding of shares to cover taxes is a common administrative step when equity awards vest and does not represent a market sale or a directional trade signal by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+69,567→ 546,264 total - Tax Payment
Common Stock
[F2]2026-02-17$26.40/sh−35,117$927,089→ 511,147 total
Footnotes (2)
- [F1]Represents shares of common stock of First Hawaiian, Inc. ("Common Stock") underlying performance share units granted in 2023 and earned based on the satisfaction of performance-based vesting requirements over a three-year performance period ending on December 31, 2025 and continued employment through the determination date. The Compensation Committee of the Board of Directors of First Hawaiian, Inc. determined and approved the amount of Common Stock earned in respect of such performance share units on February 17, 2026 and such performance share units will be settled in shares of Common Stock no later than March 19, 2026.
- [F2]Represents shares of Common Stock withheld to satisfy withholding obligations in connection with the delivery of the Common Stock underlying the performance share units described in footnote 1 above.