SHAIRSON SCHAUD BRADLEY 4

What Happened

• Shairson Schaud Bradley, Vice Chair and Chief Risk Officer of Bank of Hawaii (BOH), converted restricted stock units (RSUs) into 10,461 shares and the shares were sold. The reported sale value was $837,612 (10,461 shares at $80.07). Separately, 3,439 shares were withheld by the company to cover tax liability, valued at $275,361.
• In addition, Bradley received two new performance-based RSU awards on Feb 19, 2026: 6,330 RSUs (three-year performance/service vesting) and 1,266 RSUs (two-year performance/service vesting). The exercised/converted 10,461 RSUs were from a prior May 1, 2023 grant.

Key Details

• Transaction dates: Grants on 2026-02-19; conversion/exercise and sale activity on 2026-02-20. Form 4 filed 2026-02-23 (filing appears timely).
• Prices and values: Sold 10,461 shares at $80.07 = $837,612; 3,439 shares withheld for taxes at $80.07 = $275,361.
• Shares owned after transaction: Not specified in the supplied filing data.
• Notable footnotes: Each RSU represents a contingent right to one common share (F1). The 10,461 shares converted were from a May 1, 2023 RSU award subject to vesting (F5). New awards (6,330 and 1,266 RSUs) are performance- and service-based (F3, F4). The 3,439-share entry is tax withholding by the company (F2).
• Transaction codes explained: A = award/grant; M = conversion/exercise of a derivative (RSU conversion); F = shares withheld to pay tax liability.

Context

• This sequence looks like a cashless conversion/sale of vested RSUs: RSUs converted to shares, some shares withheld to cover taxes, and the remainder sold. For retail investors, such routine tax-withholding and sale after vesting is common and does not necessarily signal a view on the company.
• New RSU awards reported are performance-based and vest over multi-year periods, so they represent future contingent compensation rather than an immediate purchase of stock.