Blakeney Darlene N. 4

What Happened
Darlene N. Blakeney, EVP & Chief Lending Officer of First Hawaiian, Inc. (FHB), was awarded 2,602 shares of common stock on Feb 17, 2026 as the settlement of performance share units granted in 2023. To satisfy tax withholding obligations, 978 of those shares were withheld (disposed) at a value of $26.40 per share, totaling $25,819, leaving a net delivery of 1,624 shares to the insider. The award is being settled as shares (reported as acquisition code A and withholding code F).

Key Details

• Transaction date: Feb 17, 2026; Form 4 filed Feb 19, 2026 (appears timely).
• Award: 2,602 shares reported as acquired at $0.00 (performance-based grant settlement).
• Withholding: 978 shares withheld to cover taxes at $26.40/share = $25,819 (reported as disposed).
• Net shares to insider: 1,624 shares (2,602 awarded minus 978 withheld).
• Footnotes: These shares represent 2023 performance share units earned for the three‑year performance period ending 12/31/2025; Compensation Committee approved the earned amount on Feb 17, 2026; settlement will occur no later than Mar 19, 2026.
• Shares owned after the transaction: not specified in the filing.

Context
This was a performance-based share settlement (not an open‑market purchase or a sale for investment reasons). Withholding of shares to cover taxes is a common administrative step and does not necessarily indicate a change in the insider’s view of the company.