STOCK TITAN

Bank of Hawaii (NYSE: BOH) vice chair nets stock after RSU vest

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bank of Hawaii Corporation vice chair Taryn L. Salmon reported equity award activity involving restricted stock units and common stock. On February 20, 2026, 4,327 restricted stock units were converted into the same number of shares of common stock following a three-year service and performance vesting period.

Of these shares, 2,250 common shares were withheld by Bank of Hawaii Corporation at $80.07 per share to cover tax liabilities triggered by the vesting. After these transactions, Salmon held 8,519 shares of Bank of Hawaii common stock directly.

Positive

  • None.

Negative

  • None.
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
SALMON TARYN L

(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)
Vice Chair
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
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 4,327 A (1) 10,769 D
Common Stock 02/20/2026 F 2,250(2) D $80.07 8,519 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) 02/20/2026 M 4,327 (3) (3) Common Stock 4,327 $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 24, 2023. The 4,327 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 SALMON TARYN L 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BOH vice chair Taryn L. Salmon report?

Taryn L. Salmon reported the vesting and conversion of 4,327 restricted stock units into Bank of Hawaii common stock, followed by a share withholding transaction to cover tax liabilities arising from the award’s vesting on February 20, 2026.

How many Bank of Hawaii RSUs vested for Taryn L. Salmon on this Form 4?

The filing shows 4,327 restricted stock units vested and were converted into 4,327 shares of Bank of Hawaii common stock. These units came from an award granted on February 24, 2023, subject to service and performance conditions over a three-year performance period.

Why were 2,250 BOH shares withheld in Taryn L. Salmon’s Form 4?

The Form 4 states that 2,250 shares of Bank of Hawaii common stock were withheld by the company to pay tax liabilities incurred upon vesting of restricted stock units, using a transaction code “F” for payment of tax liability by delivering securities.

What do the M and F transaction codes mean in this BOH Form 4?

Code “M” in the filing indicates the exercise or conversion of a derivative security, here restricted stock units into common shares. Code “F” indicates shares delivered or withheld to satisfy tax liabilities associated with that vesting rather than an open-market sale.

How many Bank of Hawaii shares does Taryn L. Salmon own after these transactions?

After the reported transactions, Taryn L. Salmon directly owned 8,519 shares of Bank of Hawaii common stock. This figure reflects the 4,327 shares received from RSU conversion, net of 2,250 shares withheld by the company to cover related tax obligations.

When was the Bank of Hawaii RSU award to Taryn L. Salmon originally granted?

The RSU award was originally granted on February 24, 2023. The 4,327 restricted stock units were subject to both service and performance vesting requirements, based on a three-year performance period, before converting into common stock reported in this Form 4.
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