Connors Celeste Anne 4

What Happened
Celeste Anne Connors, a director of Hawaiian Electric Industries, received a grant/award of 9,238 shares on 2026-06-30. The report shows the shares were acquired at $0.00 (recorded value $0) as a stock award rather than an open-market purchase or sale — i.e., compensation for board service, not a directional trade.

Key Details

• Transaction date: 2026-06-30; Transaction type: Award/Grant (code A)
• Shares granted: 9,238; Reported acquisition price: $0.00; Reported total value: $0
• Shares owned after transaction: Not specified in the Form 4 filing provided
• Footnotes: F1 — grant under the HEI 2011 Nonemployee Director Stock Plan; F2 — includes shares acquired under the company’s Dividend Reinvestment and Stock Repurchase Plan
• Filing: Form 4 filed 2026-07-02 (timely within reporting window)
• Exhibit: Exhibit 24 (Power of Attorney) included with filing

Context: This is a routine director equity award used for nonemployee director compensation. Awards are different from open-market buys (which can signal bullish intent) or sales (which can signal cashing out); they are typically part of standard pay. No indication in this filing of immediate sale, option exercise, or a 10% owner transaction.