Bank of Hawaii (NYSE: BOH) CEO’s RSUs vest with tax shares withheld

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bank of Hawaii Corporation Chairman & CEO Peter S. Ho exercised restricted stock units that converted into 94,720 shares of common stock on March 31, 2026. The awards vested on an accelerated basis in connection with his retirement on that date.

The company withheld 47,693 shares of common stock at $74.25 per share to cover tax liabilities from the RSU vesting, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, Ho directly owns 128,910 common shares and indirectly holds 7,009 shares through a 401(k) plan.

Insider Trade Summary

94,720 shares exercised/converted

Mixed 5 txns

Insider HO PETER S

Role Chairman & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	41,178	$0.00	--
Exercise	Restricted Stock Units	53,542	$0.00	--
Exercise	Common Stock	94,720	$0.00	--
Tax Withholding	Common Stock	47,693	$74.25	$3.54M
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 223,630 shares (Direct); Common Stock — 7,009 shares (Indirect, By 401(k) Plan)

Footnotes (1)

Each restricted stock unit represents a contingent right to receive one share of Bank of Hawaii Corporation common stock. Represents shares of common stock withheld by Bank of Hawaii Corporation for payment of tax liability incurred upon the vesting of restricted stock units. This award was granted February 23, 2024. The restricted stock units are subject to service vesting requirements, based on the performance period. This award vested on an accelerated basis pursuant to the reporting person's retirement on March 31, 2026. This award was granted February 27, 2025. The restricted stock units are subject to service vesting requirements, based on the performance period. This award vested on an accelerated basis pursuant to the reporting person's retirement on March 31, 2026.

Key Figures

RSU shares converted: 94,720 shares Shares withheld for taxes: 47,693 shares Direct common stock holdings: 128,910 shares +2 more

5 metrics

RSU shares converted 94,720 shares Restricted stock units exercised into common stock on March 31, 2026

Shares withheld for taxes 47,693 shares Tax-withholding disposition at $74.25 per share on March 31, 2026

Direct common stock holdings 128,910 shares Shares directly owned by Peter S. Ho after transactions

Indirect 401(k) holdings 7,009 shares Common stock held indirectly through a 401(k) plan

Tax withholding price $74.25 per share Price used for 47,693 shares withheld for tax liability

Key Terms

Restricted Stock Units, tax liability, service vesting requirements, performance period, +1 more

5 terms

Restricted Stock Units financial

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

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

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

service vesting requirements financial

"The restricted stock units are subject to service vesting requirements, based on the performance period."

performance period financial

"The restricted stock units are subject to service vesting requirements, based on the performance period."

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

401(k) Plan financial

"total_shares_following_transaction: "7009.0000" ... nature_of_ownership: "By 401(k) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

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Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:22 PM

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^*

HO PETER S

(Last)

(First)

(Middle)

P.O. BOX 2900

(Street)

HONOLULU

HAWAII

96846

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		M		94,720	A	⁽¹⁾	223,630	D
Common Stock	03/31/2026		F		47,693⁽²⁾	D	$74.25	128,910	D
Common Stock								7,009	I	By 401(k) Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/31/2026		M			41,178	⁽³⁾	⁽³⁾	Common Stock	41,178	$0.00	0.00	D
Restricted Stock Units	⁽¹⁾	03/31/2026		M			53,542	⁽⁴⁾	⁽⁴⁾	Common Stock	53,542	$0.00	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 23, 2024. The restricted stock units are subject to service vesting requirements, based on the performance period. This award vested on an accelerated basis pursuant to the reporting person's retirement on March 31, 2026.

4. This award was granted February 27, 2025. The restricted stock units are subject to service vesting requirements, based on the performance period. This award vested on an accelerated basis pursuant to the reporting person's retirement on March 31, 2026.

Remarks:

	/s/ Katherine Lamb for HO PETER S by Power of Attorney	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BOH Chairman & CEO Peter S. Ho report?

Peter S. Ho reported exercising restricted stock units into 94,720 shares of Bank of Hawaii common stock. The RSUs vested on an accelerated basis tied to his March 31, 2026 retirement, converting previously granted awards into directly owned shares.

How many Bank of Hawaii (BOH) shares were withheld for taxes in this Form 4?

The company withheld 47,693 shares of Bank of Hawaii common stock at $74.25 per share for tax liabilities. This tax-withholding disposition covers obligations from the RSU vesting and is not an open-market sale or discretionary trade in the company’s stock.

What are Peter S. Ho’s Bank of Hawaii (BOH) holdings after these transactions?

After the March 31, 2026 transactions, Peter S. Ho directly owns 128,910 shares of Bank of Hawaii common stock. He also indirectly holds 7,009 shares through a 401(k) plan, reflecting both direct and retirement-plan-related ownership positions reported in the filing.

Were the Bank of Hawaii RSUs subject to performance or service conditions?

Yes. The restricted stock units granted in February 2024 and February 2025 were subject to service vesting requirements based on a performance period. Both RSU awards vested on an accelerated basis due to Ho’s retirement on March 31, 2026, triggering share delivery.

Did this BOH Form 4 show open-market buying or selling by the CEO?

No open-market purchases or sales were reported. The filing shows RSU exercises creating 94,720 shares and 47,693 shares withheld for taxes at $74.25. The tax withholding is a mechanistic disposition, not a discretionary trade in Bank of Hawaii stock.