Bank of Hawaii insider files Form 4: 5,000 Trust Shares Added, 33,470 Deferred Shares
Rhea-AI Filing Summary
Bank of Hawaii Corp. (BOH) Form 4 shows insider WO ROBERT W JR became co-trustee of the Robert Ching Wo Trust 1985 on 09/13/2019 and that 5,000 shares of common stock held by the Trust were recorded as acquired that same date. The filing also discloses a 44,635 share disposal, and indirect holdings including 8,034 shares via an irrevocable trust, 1,800 and 1,000 shares owned by the reporting person’s wife (one held in a trust). In Table II the report records ownership of 33,470 shares under the Directors' Deferred Compensation Plan to be distributed later. The filing states the 5,000 shares were inadvertently omitted from prior filings and the reporting person disclaims beneficial ownership except for pecuniary interest. The form is signed by power of attorney on 08/18/2025.
Positive
- 5,000 Trust-held shares were disclosed, correcting prior omission
- 33,470 shares under the Directors' Deferred Compensation Plan are properly reported for transparency
Negative
- 44,635 shares were disposed (amount disclosed without context of counterparty or reason)
- The filing notes that the 5,000 shares were "inadvertently omitted" from prior filings, indicating prior reporting error
Insights
TL;DR: Routine Section 16 disclosure documenting trust-related acquisition and deferred comp holdings; no new open-market purchases disclosed.
The Form 4 records a change in trustee status resulting in recognition of 5,000 Trust-held shares dated 09/13/2019 that were omitted in earlier filings and now reported as acquired by the Trust. It also shows a 44,635 share disposition and multiple indirect holdings totaling tens of thousands of shares, plus 33,470 shares attributable to the Directors' Deferred Compensation Plan. These items are descriptive of ownership structure and deferred compensation elections rather than contemporaneous market transactions by the reporting person.
TL;DR: Disclosure corrects prior omission and documents estate/trust and deferred-comp relationships; governance implications are procedural.
The filing clarifies beneficial ownership after the reporting person became co-trustee of the Robert Ching Wo Trust 1985 and disclaims beneficial ownership beyond pecuniary interest for those Trust shares. The inadvertent omission language and the use of a power of attorney signature on 08/18/2025 are notable from a compliance perspective; they indicate corrective reporting rather than evidence of undisclosed trading intent. The deferred compensation holdings are reported as indirect and payable at termination or earlier at the director's option.