Polk James C 4

What Happened James C. Polk, President of Bank of Hawaii Corporation (BOH), was granted two restricted stock unit (RSU) awards on February 19, 2026, totaling 26,583 RSUs. The filing reports two derivative acquisitions (code A) at $0.00: 8,861 RSUs subject to a two‑year service and performance vesting schedule, and 17,722 RSUs subject to a three‑year service and performance vesting schedule. These are compensation awards, not open‑market purchases or sales.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (timely).
• Award amounts and vesting:
  • 8,861 RSUs — two‑year service and performance vesting (Footnote F2).
  • 17,722 RSUs — three‑year service and performance vesting (Footnote F3).
• Reported acquisition price: $0.00 (typical for RSU grants).
• Footnote F1: Each RSU represents a contingent right to receive one share of BOH common stock upon vesting.
• Shares owned after the transaction: Not disclosed in the provided filing.
• No 10b5‑1 plan, tax‑withholding details, or immediate sale reported in this filing.

Context RSUs are a common form of executive compensation that convert into shares only if service and performance conditions are met; they do not represent immediate cash proceeds or open‑market buying/selling. For investors, these awards indicate management retention/incentive structure but do not by themselves signal a buy or sell action. Watch future filings for vesting outcomes or any subsequent share issuances or sales.