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Bank of Hawaii insider files Form 4: 5,000 Trust Shares Added, 33,470 Deferred Shares

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

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.

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*
WO ROBERT W JR

(Last) (First) (Middle)
130 MERCHANT ST 22ND FLR

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/13/2019
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 09/13/2019 A 5,000(1) A $0 5,000 I By Robert Ching Wo Trust 1985
Common Stock 44,635 D
Common Stock 8,034 I By Irrevocable Trust
Common Stock 1,800 I Owned by Wife
Common Stock 1,000 I Owned by Wife - Trust
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
Direc. Deferred Comp. Plan - BOHC Fund (2) (3) (3) Common Stock 33,470 33,470 D
Explanation of Responses:
1. Represents a total of 5,000 shares of common stock held directly by the Robert Ching Wo Trust 1985 (the "Trust"), of which the reporting person became a co-trustee on September 13, 2019 upon the death of the grantor of the Trust. The reporting person is one of five beneficiaries of the Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest in such securities. These shares were inadvertently omitted from prior filings.
2. Investment election by reporting person to acquire stock under the Directors' Deferred Compensation Plan at a price equal to the price of derivative security set forth in column 8 (1 for 1).
3. Investment election by reporting person to acquire Bank of Hawaii stock under the Directors' Deferred Compensation Plan. Distributions to be made at termination of service as a director or earlier at director's option.
/s/Katherine Lamb for WO ROBERT W JR by Power of Attorney 08/18/2025
** 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 transactions does the BOH Form 4 for WO ROBERT W JR report?

The Form 4 reports an acquisition of 5,000 common shares held by the Robert Ching Wo Trust 1985 dated 09/13/2019, a disposal of 44,635 shares, and 33,470 shares held under the Directors' Deferred Compensation Plan.

Why were the 5,000 shares reported on the Form 4?

The 5,000 shares were disclosed because the reporting person became a co-trustee on 09/13/2019 and those shares had been inadvertently omitted from prior filings.

Are the trust-held shares reported as direct or indirect ownership on the Form 4?

The 5,000 shares held by the Robert Ching Wo Trust 1985 are reported as indirect ownership with a disclaimer of beneficial ownership except for pecuniary interest.

What is the Directors' Deferred Compensation Plan disclosure?

Table II shows 33,470 common shares attributable to the Directors' Deferred Compensation Plan, listed as indirect and payable at termination of service or earlier at the director's option.

When was the Form 4 signed and by whom?

The filing is signed by Katherine Lamb for WO ROBERT W JR by power of attorney on 08/18/2025.
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