EMERSON MATTHEW 4

What Happened

• Matthew Emerson, Vice Chair of Bank of Hawaii Corporation, had 6,657 restricted stock units (RSUs) convert to common shares on Feb 20, 2026, valued at $80.07 per share for a gross value of $533,026. Of those, 3,424 shares (worth about $274,160) were withheld by the company to cover tax withholding, leaving a net delivery of 3,233 shares (approx. $258,866).
• Separately, on Feb 19, 2026 Emerson was granted 5,697 new restricted stock units (no immediate cash value); these RSUs are subject to service and performance vesting over a three‑year performance period.

Key Details

• Transaction dates and prices: RSU conversion and withholding occurred Feb 20, 2026 at $80.07/share (6,657 shares converted; 3,424 shares withheld). New RSU grant dated Feb 19, 2026 (5,697 RSUs, $0 immediate value).
• Net shares received after withholding: 3,233 shares (noted value ≈ $258,866).
• Footnotes of note: RSUs represent contingent rights to receive one share each; shares were withheld by the company to satisfy tax obligations; the 5,697 RSUs are performance- and service‑based over three years; the 6,657 RSUs converted were originally granted Feb 24, 2023.
• Shares owned after the transaction: not disclosed in the filing.
• Filing timing: Form filed Feb 23, 2026 reporting Feb 19–20 transactions; no late-filing flag was indicated in the filing summary.

Context

• This was not an open‑market purchase or sale by Emerson: it was a vesting/conversion of previously awarded RSUs, with a portion withheld to cover taxes (a common cashless-withholding practice).
• The new 5,697 RSU award is performance‑contingent and will vest only if service and performance conditions over the three-year period are met, so it does not represent immediately investable shares.
• Such RSU vestings and withholdings are routine executive compensation events and do not necessarily signal a buy/sell view by the insider.