McGuirk Patrick M 4

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.