STOCK TITAN

[8-K] Bank of Hawaii Corp. Reports Material Event

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(Neutral)
Filing Sentiment
(Neutral)
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8-K
Rhea-AI Filing Summary

Warby Parker Inc. (NYSE: WRBY) has filed a Form 144 indicating an insider’s intent to sell common shares. The notice covers the proposed sale of 50,000 shares—acquired through previously exercised stock options on 11 November 2017—via Morgan Stanley Smith Barney LLC. At the most recent reference price, the transaction is valued at approximately $1.10 million. The filer plans to execute the trade on or about 1 July 2025. Warby Parker reports 104,502,616 shares outstanding, so the sale represents roughly 0.05 % of the float. No other sales by the same party have occurred in the prior three-month period, and the filer attests to possessing no undisclosed material adverse information. Because Form 144 filings merely provide advance notice and do not guarantee execution, the actual sale may vary in timing or size.

For investors, the event is typically viewed as routine liquidity management rather than an outsized insider exit, given the limited share count and negligible dilution effect. Nonetheless, insider intentions can act as a market signal that warrants monitoring alongside other corporate developments.

Warby Parker Inc. (NYSE: WRBY) ha presentato un modulo 144 che indica l'intenzione di un insider di vendere azioni ordinarie. L'avviso riguarda la vendita proposta di 50.000 azioni, acquisite tramite opzioni su azioni esercitate in precedenza l'11 novembre 2017, tramite Morgan Stanley Smith Barney LLC. Al prezzo di riferimento più recente, la transazione ha un valore di circa 1,10 milioni di dollari. Il venditore prevede di eseguire l'operazione intorno al 1° luglio 2025. Warby Parker riporta un totale di 104.502.616 azioni in circolazione, quindi la vendita rappresenta circa lo 0,05% del flottante. Nessun'altra vendita da parte dello stesso soggetto è avvenuta nei precedenti tre mesi, e il dichiarante conferma di non possedere informazioni materiali sfavorevoli non divulgate. Poiché le comunicazioni con il modulo 144 forniscono solo un preavviso e non garantiscono l'esecuzione, la vendita effettiva potrebbe variare in termini di tempistica o quantità.

Per gli investitori, l'evento è generalmente considerato una gestione ordinaria della liquidità piuttosto che un'uscita significativa da parte di un insider, dato il numero limitato di azioni e l'effetto di diluizione trascurabile. Tuttavia, le intenzioni degli insider possono rappresentare un segnale di mercato da monitorare insieme ad altri sviluppi aziendali.

Warby Parker Inc. (NYSE: WRBY) ha presentado un Formulario 144 que indica la intención de un insider de vender acciones comunes. El aviso cubre la venta propuesta de 50,000 acciones, adquiridas mediante opciones sobre acciones ejercidas previamente el 11 de noviembre de 2017, a través de Morgan Stanley Smith Barney LLC. Al precio de referencia más reciente, la transacción tiene un valor aproximado de 1,10 millones de dólares. El declarante planea ejecutar la operación alrededor del 1 de julio de 2025. Warby Parker reporta 104,502,616 acciones en circulación, por lo que la venta representa aproximadamente el 0,05% del float. No se han realizado otras ventas por parte de la misma persona en los tres meses anteriores, y el declarante asegura no poseer información material adversa no divulgada. Dado que las presentaciones del Formulario 144 solo brindan un aviso previo y no garantizan la ejecución, la venta real puede variar en tiempo o cantidad.

Para los inversores, el evento suele considerarse una gestión rutinaria de liquidez más que una salida significativa de un insider, dada la cantidad limitada de acciones y el efecto de dilución insignificante. No obstante, las intenciones de los insiders pueden actuar como una señal del mercado que merece seguimiento junto con otros desarrollos corporativos.

Warby Parker Inc. (NYSE: WRBY)가 내부자의 보통주 매도 의사를 나타내는 Form 144를 제출했습니다. 해당 통지는 2017년 11월 11일에 행사한 주식옵션을 통해 취득한 50,000주 매도를 Morgan Stanley Smith Barney LLC를 통해 제안하는 내용입니다. 최근 기준 가격으로 이 거래 가치는 약 110만 달러에 달합니다. 제출자는 2025년 7월 1일경 거래를 실행할 계획입니다. Warby Parker는 총 104,502,616주의 발행 주식을 보고하고 있으며, 이번 매도는 유통 주식의 약 0.05%에 해당합니다. 같은 당사자의 지난 3개월 내 다른 매도는 없었으며, 제출자는 공개되지 않은 중요한 불리한 정보가 없음을 확인했습니다. Form 144 제출은 단지 사전 통지일 뿐 실행을 보장하지 않으므로 실제 매도 시기나 규모는 달라질 수 있습니다.

투자자 입장에서는 제한된 주식 수와 미미한 희석 효과로 인해 이번 사건을 과도한 내부자 이탈보다는 일상적인 유동성 관리로 보는 경향이 있습니다. 그럼에도 내부자의 의도는 다른 기업 동향과 함께 시장 신호로 주목할 만합니다.

Warby Parker Inc. (NYSE : WRBY) a déposé un formulaire 144 indiquant l’intention d’un initié de vendre des actions ordinaires. L’avis concerne la vente proposée de 50 000 actions, acquises via des options sur actions exercées précédemment le 11 novembre 2017, par l’intermédiaire de Morgan Stanley Smith Barney LLC. Au dernier cours de référence, la transaction est valorisée à environ 1,10 million de dollars. Le déclarant prévoit d’exécuter la transaction aux alentours du 1er juillet 2025. Warby Parker rapporte 104 502 616 actions en circulation, donc la vente représente environ 0,05 % du flottant. Aucune autre vente par la même partie n’a eu lieu au cours des trois mois précédents, et le déclarant atteste ne pas détenir d’informations défavorables non divulguées. Comme les dépôts du formulaire 144 ne fournissent qu’un préavis et ne garantissent pas l’exécution, la vente réelle peut varier en termes de calendrier ou de volume.

Pour les investisseurs, cet événement est généralement perçu comme une gestion courante de la liquidité plutôt qu’une sortie importante d’un initié, compte tenu du nombre limité d’actions et de l’effet dilutif négligeable. Néanmoins, les intentions des initiés peuvent constituer un signal de marché à surveiller en parallèle d’autres développements d’entreprise.

Warby Parker Inc. (NYSE: WRBY) hat ein Formular 144 eingereicht, das die Absicht eines Insiders anzeigt, Stammaktien zu verkaufen. Die Mitteilung betrifft den geplanten Verkauf von 50.000 Aktien, die durch zuvor ausgeübte Aktienoptionen am 11. November 2017 erworben wurden, über Morgan Stanley Smith Barney LLC. Zum zuletzt referenzierten Kurs hat die Transaktion einen Wert von etwa 1,10 Millionen US-Dollar. Der Einreicher plant, den Handel am oder um den 1. Juli 2025 auszuführen. Warby Parker meldet 104.502.616 ausstehende Aktien, sodass der Verkauf etwa 0,05 % des Streubesitzes ausmacht. In den vorangegangenen drei Monaten gab es keine weiteren Verkäufe derselben Partei, und der Einreicher bestätigt, keine nicht offengelegten wesentlichen nachteiligen Informationen zu besitzen. Da Form 144-Meldungen nur eine Vorankündigung darstellen und keine Ausführung garantieren, kann der tatsächliche Verkauf in Zeitpunkt oder Umfang variieren.

Für Investoren wird dieses Ereignis typischerweise als routinemäßiges Liquiditätsmanagement betrachtet und nicht als bedeutender Insider-Ausstieg, angesichts der begrenzten Aktienanzahl und der vernachlässigbaren Verwässerung. Dennoch können Insider-Absichten als Marktsignal dienen, das zusammen mit anderen Unternehmensentwicklungen beobachtet werden sollte.

Positive
  • None.
Negative
  • Insider intends to sell 50,000 shares, which may be viewed as a modest negative sentiment signal despite representing only 0.05 % of shares outstanding.

Insights

TL;DR: Small insider sale (0.05 % float) is neutral; watch for pattern not single event.

Materiality: The $1.1 million transaction is immaterial to Warby Parker’s $1 billion-plus market cap and does not alter capital structure. Signal value: While insider sales can occasionally foreshadow caution, the absence of additional recent sales and the modest size point to routine diversification. Liquidity impact: 50,000 shares are easily absorbed on NYSE daily volume; negligible pricing pressure expected. Regulatory context: Rule 144 requires 90-day advance notice and limits volume; compliance appears standard. Investor takeaway: Treat as neutral unless the same insider accelerates further disposals or other insiders join in, which could shift sentiment.

Warby Parker Inc. (NYSE: WRBY) ha presentato un modulo 144 che indica l'intenzione di un insider di vendere azioni ordinarie. L'avviso riguarda la vendita proposta di 50.000 azioni, acquisite tramite opzioni su azioni esercitate in precedenza l'11 novembre 2017, tramite Morgan Stanley Smith Barney LLC. Al prezzo di riferimento più recente, la transazione ha un valore di circa 1,10 milioni di dollari. Il venditore prevede di eseguire l'operazione intorno al 1° luglio 2025. Warby Parker riporta un totale di 104.502.616 azioni in circolazione, quindi la vendita rappresenta circa lo 0,05% del flottante. Nessun'altra vendita da parte dello stesso soggetto è avvenuta nei precedenti tre mesi, e il dichiarante conferma di non possedere informazioni materiali sfavorevoli non divulgate. Poiché le comunicazioni con il modulo 144 forniscono solo un preavviso e non garantiscono l'esecuzione, la vendita effettiva potrebbe variare in termini di tempistica o quantità.

Per gli investitori, l'evento è generalmente considerato una gestione ordinaria della liquidità piuttosto che un'uscita significativa da parte di un insider, dato il numero limitato di azioni e l'effetto di diluizione trascurabile. Tuttavia, le intenzioni degli insider possono rappresentare un segnale di mercato da monitorare insieme ad altri sviluppi aziendali.

Warby Parker Inc. (NYSE: WRBY) ha presentado un Formulario 144 que indica la intención de un insider de vender acciones comunes. El aviso cubre la venta propuesta de 50,000 acciones, adquiridas mediante opciones sobre acciones ejercidas previamente el 11 de noviembre de 2017, a través de Morgan Stanley Smith Barney LLC. Al precio de referencia más reciente, la transacción tiene un valor aproximado de 1,10 millones de dólares. El declarante planea ejecutar la operación alrededor del 1 de julio de 2025. Warby Parker reporta 104,502,616 acciones en circulación, por lo que la venta representa aproximadamente el 0,05% del float. No se han realizado otras ventas por parte de la misma persona en los tres meses anteriores, y el declarante asegura no poseer información material adversa no divulgada. Dado que las presentaciones del Formulario 144 solo brindan un aviso previo y no garantizan la ejecución, la venta real puede variar en tiempo o cantidad.

Para los inversores, el evento suele considerarse una gestión rutinaria de liquidez más que una salida significativa de un insider, dada la cantidad limitada de acciones y el efecto de dilución insignificante. No obstante, las intenciones de los insiders pueden actuar como una señal del mercado que merece seguimiento junto con otros desarrollos corporativos.

Warby Parker Inc. (NYSE: WRBY)가 내부자의 보통주 매도 의사를 나타내는 Form 144를 제출했습니다. 해당 통지는 2017년 11월 11일에 행사한 주식옵션을 통해 취득한 50,000주 매도를 Morgan Stanley Smith Barney LLC를 통해 제안하는 내용입니다. 최근 기준 가격으로 이 거래 가치는 약 110만 달러에 달합니다. 제출자는 2025년 7월 1일경 거래를 실행할 계획입니다. Warby Parker는 총 104,502,616주의 발행 주식을 보고하고 있으며, 이번 매도는 유통 주식의 약 0.05%에 해당합니다. 같은 당사자의 지난 3개월 내 다른 매도는 없었으며, 제출자는 공개되지 않은 중요한 불리한 정보가 없음을 확인했습니다. Form 144 제출은 단지 사전 통지일 뿐 실행을 보장하지 않으므로 실제 매도 시기나 규모는 달라질 수 있습니다.

투자자 입장에서는 제한된 주식 수와 미미한 희석 효과로 인해 이번 사건을 과도한 내부자 이탈보다는 일상적인 유동성 관리로 보는 경향이 있습니다. 그럼에도 내부자의 의도는 다른 기업 동향과 함께 시장 신호로 주목할 만합니다.

Warby Parker Inc. (NYSE : WRBY) a déposé un formulaire 144 indiquant l’intention d’un initié de vendre des actions ordinaires. L’avis concerne la vente proposée de 50 000 actions, acquises via des options sur actions exercées précédemment le 11 novembre 2017, par l’intermédiaire de Morgan Stanley Smith Barney LLC. Au dernier cours de référence, la transaction est valorisée à environ 1,10 million de dollars. Le déclarant prévoit d’exécuter la transaction aux alentours du 1er juillet 2025. Warby Parker rapporte 104 502 616 actions en circulation, donc la vente représente environ 0,05 % du flottant. Aucune autre vente par la même partie n’a eu lieu au cours des trois mois précédents, et le déclarant atteste ne pas détenir d’informations défavorables non divulguées. Comme les dépôts du formulaire 144 ne fournissent qu’un préavis et ne garantissent pas l’exécution, la vente réelle peut varier en termes de calendrier ou de volume.

Pour les investisseurs, cet événement est généralement perçu comme une gestion courante de la liquidité plutôt qu’une sortie importante d’un initié, compte tenu du nombre limité d’actions et de l’effet dilutif négligeable. Néanmoins, les intentions des initiés peuvent constituer un signal de marché à surveiller en parallèle d’autres développements d’entreprise.

Warby Parker Inc. (NYSE: WRBY) hat ein Formular 144 eingereicht, das die Absicht eines Insiders anzeigt, Stammaktien zu verkaufen. Die Mitteilung betrifft den geplanten Verkauf von 50.000 Aktien, die durch zuvor ausgeübte Aktienoptionen am 11. November 2017 erworben wurden, über Morgan Stanley Smith Barney LLC. Zum zuletzt referenzierten Kurs hat die Transaktion einen Wert von etwa 1,10 Millionen US-Dollar. Der Einreicher plant, den Handel am oder um den 1. Juli 2025 auszuführen. Warby Parker meldet 104.502.616 ausstehende Aktien, sodass der Verkauf etwa 0,05 % des Streubesitzes ausmacht. In den vorangegangenen drei Monaten gab es keine weiteren Verkäufe derselben Partei, und der Einreicher bestätigt, keine nicht offengelegten wesentlichen nachteiligen Informationen zu besitzen. Da Form 144-Meldungen nur eine Vorankündigung darstellen und keine Ausführung garantieren, kann der tatsächliche Verkauf in Zeitpunkt oder Umfang variieren.

Für Investoren wird dieses Ereignis typischerweise als routinemäßiges Liquiditätsmanagement betrachtet und nicht als bedeutender Insider-Ausstieg, angesichts der begrenzten Aktienanzahl und der vernachlässigbaren Verwässerung. Dennoch können Insider-Absichten als Marktsignal dienen, das zusammen mit anderen Unternehmensentwicklungen beobachtet werden sollte.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of ReportJune 27, 2025
(Date of earliest event reported)
BANK OF HAWAII CORPORATION
(Exact name of registrant as specified in its charter)
Delaware1-688799-0148992
(State of Incorporation)(Commission File Number)(IRS Employer Identification No.)
130 Merchant StreetHonoluluHawaii96813
(Address of principal executive offices)(City)(State)(Zip Code)
(888) 643-3888
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareBOHNew York Stock Exchange
Depository Shares, Each Representing 1/40th Interest in a Share of 4.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
BOH.PRANew York Stock Exchange
Depository Shares, Each Representing 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B
BOH.PRBNew York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 27, 2025, the Board of Directors of Bank of Hawaii Corporation (the “Company”) promoted Bradley S. Satenberg to Vice Chair and appointed him Chief Financial Officer (“CFO”) of the Company and its principal operating subsidiary Bank of Hawaii, effective July 1, 2025. As part of this long-planned and previously announced transition, Mr. Satenberg, 54, succeeds Dean Y. Shigemura, who had been CFO since 2017 and with the Company for 26 years. Mr. Satenberg joined the Company as Senior Executive Vice President and Deputy CFO in July 2024 from Luther Burbank Corporation, where he was CFO of Luther Burbank Savings. In his new role, Mr. Satenberg will receive an annual base salary of $460,000 and he will continue to participate in incentive and benefit plans on terms consistent with other senior executives of the Company.



Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 1, 2025Bank of Hawaii Corporation
By:/s/ Patrick M. McGuirk
Patrick M. McGuirk
Vice Chair and Chief Administrative Officer

FAQ

How many Warby Parker (WRBY) shares are being sold under this Form 144?

The filing covers 50,000 common shares.

What is the estimated market value of the shares to be sold?

Approximately $1.10 million based on the reference price in the filing.

When is the proposed sale date for the WRBY shares?

The filer expects to sell on or about July 1, 2025.

What percentage of Warby Parker’s outstanding shares does this sale represent?

Roughly 0.05 % of the company’s 104,502,616 shares outstanding.

Has the insider sold any other WRBY shares in the last three months?

No—nothing was reported for the preceding three-month period.

Which broker will handle the sale of the shares?

The shares will be sold through Morgan Stanley Smith Barney LLC.
Bank Hawaii Corp

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