McGuirk Patrick M 4
4 · BANK OF HAWAII CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Bank of Hawaii (BOH) Vice Chair/CAO Patrick McGuirk Exercises RSUs, Sells Shares
What Happened
- Patrick M. McGuirk, Vice Chair and Chief Administrative Officer of Bank of Hawaii Corporation, had restricted stock units (RSUs) vest and converted/exercised them into common shares. On Feb 20, 2026 he disposed of 5,325 shares at $80.07 each for approximately $426,373 and had 2,586 shares withheld to cover tax liabilities (2,586 x $80.07 = $207,061). In addition, a new grant of 5,697 RSUs was recorded on Feb 19, 2026 (no immediate cash value; subject to vesting).
Key Details
- Transaction dates: RSU grant recorded 2026-02-19; conversion/settlement and dispositions 2026-02-20; Form 4 filed 2026-02-23.
- Sale price(s) and values: 5,325 shares sold at $80.07 → ~$426,373; 2,586 shares withheld for taxes at $80.07 → ~$207,061.
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes of note:
- F1: Each RSU represents a contingent right to one share.
- F2: 2,586 shares were withheld by the company to pay taxes on vesting.
- F3: The 5,697 RSUs granted Feb 19, 2026 are subject to service and performance vesting over a three-year performance period.
- F4: The 5,325 RSUs that vested were originally granted Feb 24, 2023 and were subject to a three-year service/performance schedule.
- Filing timeliness: Form filed Feb 23, 2026; no indication in the filing that it was late.
Context
- This was a vesting/conversion of RSUs where shares were delivered, some were immediately sold and others were withheld to cover taxes (a common “cashless”/withholding settlement). Grants of new RSUs are performance- and service-based and do not represent an immediate purchase or sale signal.
Insider Transaction Report
Form 4
McGuirk Patrick M
Vice Chair and CAO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-20+5,325→ 12,291 total - Tax Payment
Common Stock
[F2]2026-02-20$80.07/sh−2,586$207,061→ 9,705 total - Award
Restricted Stock Units
[F1][F3]2026-02-19+5,697→ 5,697 total→ Common Stock (5,697 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-20$80.07/sh−5,325$426,373→ 0 total→ Common Stock (5,325 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.
- [F2]Represents shares of common stock withheld by Bank of Hawaii Corporation for payment of tax liability incurred upon the vesting of restricted stock units.
- [F3]This award was granted February 19, 2026. The 5,697 restricted stock units are subject to service and performance vesting requirements, based on the three-year performance period.
- [F4]This award was granted February 24, 2023. The 5,325 restricted stock units originally granted were subject to service and performance vesting requirements, based on the three-year performance period.
Signature
/s/ Katherine Lamb for MCGUIRK PATRICK M by Power of Attorney|2026-02-23