SALMON TARYN L 4

What Happened

• Taryn L. Salmon, Vice Chair of Bank of Hawaii Corporation (BOH), had 4,327 restricted stock units (RSUs) convert/vest on Feb 20, 2026. The gross value of the conversion was about $346,463 (4,327 × $80.07). The company withheld 2,250 shares to cover tax liabilities (value $180,157), leaving Salmon with approximately 2,077 net shares (approx. $166,306 at $80.07 per share). This was a conversion/vesting event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: 2026-02-20; Filing date: 2026-02-23 (filed within the required reporting window).
• Prices reported: $80.07 per share (used to calculate tax withholding and value).
• Shares involved:
  • Gross RSUs converted: 4,327 shares (derivative exercise/conversion).
  • Shares withheld for taxes: 2,250 shares (reported as disposition, F code).
  • Net shares likely delivered to insider: 2,077 shares (4,327 − 2,250).
• Values reported:
  • Gross conversion value (derivative): $346,463.
  • Tax withholding value (shares withheld): $180,157.
  • Approximate net value received: ~$166,306.
• Footnotes:
  • F1: Each RSU equals a contingent right to one BOH common share.
  • F2: The 2,250 shares were withheld by the company to pay taxes upon vesting.
  • F3: The award was granted Feb 24, 2023 and was subject to three-year service and performance vesting.
• Timeliness: Filing appears timely (reported within the SEC’s two-business-day window).

Context

• This was a standard RSU vest/conversion with company share withholding for taxes (a routine corporate payroll/tax treatment), not an open-market sale or purchase. For retail investors, such vesting events reflect prior compensation grants becoming shares; they do not by themselves indicate a deliberate buy or sell decision by the insider.