Bank of Hawaii (NYSE: BOH) CFO reports RSU vesting and tax share withholding
Rhea-AI Filing Summary
Bank of Hawaii Corporation Vice Chair & CFO Bradley Steven Satenberg reported the vesting and conversion of 2,973 restricted stock units into an equal number of common shares at $83.80 per share, eliminating this RSU award balance.
Of the shares delivered, 959 were withheld by the company to cover tax liabilities, leaving 2,014 shares from this grant. The RSUs came from an original 5,945-unit award granted on July 19, 2024, subject to service and two-year performance vesting requirements.
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Insider Trade Summary
Net Buyer: 2,014 shares
Net Buy
3 txns
Insider
Satenberg Bradley Steven
Role
Vice Chair & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 2,973 | $83.80 | $249K |
| Exercise | Common Stock F1 | 2,973 | -- | -- |
| Tax Withholding | Common Stock F2 | 959 | $83.80 | $80K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 4,027 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.
- F2. Represents shares of common stock withheld by Bank of Hawaii Corporation for payment of tax liability incurred upon the vesting of restricted stock units.
- F3. This award was granted on July 19, 2024. The 5,945 restricted stock units originally granted were subject to service and performance vesting requirements, based on the two-year performance period.
Key Figures
RSUs converted to common stock: 2,973 units
Conversion / valuation price: $83.80 per share
Shares withheld for taxes: 959 shares
+3 more
6 metrics
RSUs converted to common stock
2,973 units
Restricted Stock Units converted into common shares on July 20, 2026
Conversion / valuation price
$83.80 per share
Per-share value used for RSU conversion and tax-withholding disposition
Shares withheld for taxes
959 shares
Common shares withheld to pay tax liability on RSU vesting
Original RSU grant size
5,945 units
Restricted stock units granted on July 19, 2024
RSU grant date
July 19, 2024
Grant date of performance- and service-vested RSU award
Transaction date
July 20, 2026
Date of RSU conversion and related tax-withholding disposition
Key Terms
Restricted Stock Units, tax liability, performance vesting requirements
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"shares of common stock withheld by Bank of Hawaii Corporation for payment of tax liability"
performance vesting requirements financial
"restricted stock units originally granted were subject to service and performance vesting requirements"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BOH Vice Chair & CFO Bradley Satenberg report?
Bradley Steven Satenberg reported 2,973 restricted stock units vesting and converting into an equal number of Bank of Hawaii common shares at $83.80 per share, with a portion of the resulting shares withheld to satisfy tax obligations.
What was the size and grant date of the original BOH RSU award?
The reported RSU activity relates to an original award of 5,945 restricted stock units granted on July 19, 2024. These units were subject to both service and performance vesting requirements over a specified two-year performance period.