SHAIRSON SCHAUD BRADLEY 4/A

What Happened
Shairson Schaud Bradley, Vice Chair and Chief Risk Officer of Bank of Hawaii Corporation, received two restricted stock unit (RSU) awards on Feb 19, 2026 totaling 7,596 RSUs (6,330 RSUs and 1,266 RSUs). These RSUs are contingent rights to receive common stock upon vesting (no cash paid). On Feb 20, 2026 the company withheld 3,439 shares to satisfy tax withholding related to vesting, reported as a disposition at $80.07 per share for a value of $275,361. These actions are awards and a routine tax-withholding disposition, not an open-market sale.

Key Details

• Grant dates: Feb 19, 2026 — 6,330 RSUs (three-year performance vesting) and 1,266 RSUs (two-year performance vesting). (Footnotes: each RSU = right to one share; awards subject to service and performance vesting.)
• Tax withholding: Feb 20, 2026 — 3,439 shares withheld at $80.07/share for $275,361 (reported as disposition under tax withholding).
• Consideration: RSUs reported at $0.00 per share (derivative awards); withholding reported at $80.07 per share.
• Shares owned after the transactions: not disclosed in this filing.
• Filing status: This is an amended Form 4 filed Feb 27, 2026 covering the Feb 19–20 transactions.
• Relevant footnotes: F1 (shares withheld for tax liability), F2 (RSU = contingent right to 1 share), F3 (6,330 RSUs — 3-year performance period), F4 (1,266 RSUs — 2-year performance period).

Context
RSU grants are compensation, not open-market purchases, and are common for executives; the withheld shares simply satisfy tax obligations upon vesting (a routine administrative step). Performance and service vesting mean the RSUs convert to underlying shares only if vesting conditions are met. This transaction signals receipt of equity compensation rather than a deliberate buy or sell of stock in the market.