Bank of Hawaii (NYSE: BOH) officer logs RSU grant, vesting and tax share withholding

Rhea-AI Filing Summary

Bank of Hawaii Corporation’s Principal Accounting Officer, Keith Asato, reported equity compensation activity involving restricted stock units and common shares. On February 20, 2026, he exercised 533 restricted stock units into 533 shares of common stock and had 201 of those shares withheld to cover tax liabilities, leaving 725 common shares held directly after these transactions.

Separately, on February 19, 2026, Asato received a new grant of 380 restricted stock units, subject to service and performance vesting requirements over a three-year performance period. Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii common stock if vesting conditions are met.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Asato Keith

(Last) (First) (Middle)

130 MERCHANT STREET

(Street)

HONOLULU HI 96813

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BANK OF HAWAII CORP [ BOH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		M		533	A	(1)	926	D
Common Stock	02/20/2026		F		201(2)	D	$80.07	725	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/19/2026		A		380		(3)	(3)	Common Stock	380	$0.00	380	D
Restricted Stock Units	(1)	02/20/2026		M			533	(4)	(4)	Common Stock	533	$80.07	0.00	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii Corporation common stock.

2. Represents shares of common stock withheld by Bank of Hawaii Corporation for payment of tax liability incurred upon the vesting of restricted stock units.

3. This award was granted February 19, 2026. The 380 restricted stock units are subject to service and performance vesting requirements, based on the three-year performance period.

4. This award was granted February 24, 2023. The 533 restricted stock units originally granted were subject to service and performance vesting requirements, based on the three-year performance period.

Remarks:

	/s/ Katherine Lamb for ASATO KEITH by Power of Attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Bank of Hawaii (BOH) report for Keith Asato?

Bank of Hawaii’s Principal Accounting Officer, Keith Asato, exercised 533 restricted stock units into common stock and had 201 shares withheld for taxes. He also received a new grant of 380 restricted stock units subject to service and performance vesting over a three-year period.

How many Bank of Hawaii (BOH) shares does Keith Asato own after these Form 4 transactions?

After these transactions, Keith Asato directly holds 725 shares of Bank of Hawaii common stock. This reflects the vesting and tax-withholding from 533 restricted stock units, net of 201 shares withheld to satisfy tax liabilities associated with the vesting event.

What is the nature of the new restricted stock unit grant reported for BOH’s Keith Asato?

Keith Asato received 380 restricted stock units on February 19, 2026. These units are subject to service and performance vesting requirements tied to a three-year performance period, meaning they convert into common shares only if specified conditions are satisfied over that timeframe.

Were any of Keith Asato’s Bank of Hawaii (BOH) share disposals open-market sales?

The filing shows 201 Bank of Hawaii common shares were disposed of to pay tax liabilities from restricted stock unit vesting. The code and footnote indicate this was share withholding for taxes, not an open-market sale initiated for discretionary portfolio reasons.

What does each restricted stock unit represent in the BOH Form 4 for Keith Asato?

Each restricted stock unit reported for Keith Asato represents a contingent right to receive one share of Bank of Hawaii common stock. Actual share delivery depends on meeting the grant’s vesting conditions, including both service requirements and performance goals over the specified period.