Nakamura Lea M. 4

What Happened

• Lea M. Nakamura, Executive Vice President & Chief Risk Officer of First Hawaiian, Inc. (FHB), was awarded 2,602 shares of common stock on Feb 17, 2026 as the settlement of earned performance share units. Those shares were reported as acquired at $0.00 because they are the settlement of previously granted awards.
• In connection with the settlement, 978 shares were withheld to satisfy tax withholding obligations and reported as a disposition at $26.40 per share, totaling $25,819. The award will be settled in shares no later than March 19, 2026.

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-19 (appears timely for a Form 4 filing).
• Transactions reported: Award/acquisition (Code A) — 2,602 shares @ $0.00; Tax withholding (Code F) — 978 shares @ $26.40 (≈ $25,819).
• Shares owned after the transaction: not disclosed in the supplied filing details.
• Footnotes: The 2,602 shares represent performance share units granted in 2023 that vested based on a three-year performance period ending 12/31/2025 and continued employment; the Compensation Committee approved the earned amount on Feb 17, 2026. The 978 shares were withheld to satisfy tax obligations.
• No indication of a 10b5-1 plan or a late filing was noted in the provided data.

Context

• This was not an open-market purchase but the settlement of performance awards earned over a prior performance period; such settlements are routine compensation events rather than direct insider purchases or investment decisions.
• The withholding of shares to cover taxes is common and effectively a cashless payment of tax liabilities tied to the award.