Director receives 2,613 RSUs at First Hawaiian (FHB)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Hawaiian, Inc. director Tertia M. Freas received a grant of 2,613 shares of Common Stock as a compensation award. The shares were acquired at no purchase price and increase her direct holdings to 7,124 shares.
The award represents restricted stock units that vest on the earlier of April 22, 2027, the company’s 2027 annual meeting of stockholders, or a change in control, subject to her continued service on the Board. Vested units will settle into Common Stock on a one-for-one basis within 30 days of vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Freas Tertia M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,613 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,124 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,613 shares
Shares held after grant: 7,124 shares
Vesting deadline: April 22, 2027
+2 more
5 metrics
RSU grant size
2,613 shares
Restricted stock unit award to director on April 22, 2026
Shares held after grant
7,124 shares
Total direct Common Stock holdings after transaction
Vesting deadline
April 22, 2027
Latest date by which RSUs may vest, subject to conditions
Settlement ratio
1:1 share per unit
Each vested RSU settles into one share of Common Stock
Settlement window
Within 30 days
Shares delivered within 30 days after vesting
Key Terms
restricted stock units, change in control, Board of Directors, vesting, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units that will vest on the earlier of (a) April 22, 2027..."
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.
change in control regulatory
"the date of First Hawaiian, Inc.'s 2027 annual meeting of stockholders or (c) a change in control of First Hawaiian, Inc."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Board of Directors corporate
"subject to continued service on the First Hawaiian, Inc. Board of Directors through the vesting date"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
vesting financial
"will vest on the earlier of (a) April 22, 2027, (b) the date of First Hawaiian, Inc.'s 2027 annual meeting..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"and will settle in shares of Common Stock on a one-for-one basis within 30 days of vesting"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did First Hawaiian (FHB) report for Tertia M. Freas?
First Hawaiian reported that director Tertia M. Freas received 2,613 shares of Common Stock as a grant. This award is in the form of restricted stock units that increase her direct holdings to 7,124 shares after the transaction.
Is the Form 4 transaction in FHB stock a purchase or a grant?
The Form 4 shows a grant, not an open-market purchase. Tertia M. Freas acquired 2,613 shares through a compensation award with a reported price per share of $0.00, meaning she did not pay cash for these shares.
When will the 2,613 restricted stock units for FHB potentially vest?
The 2,613 restricted stock units will vest on the earlier of April 22, 2027, First Hawaiian’s 2027 annual stockholders’ meeting, or a change in control. Vesting is conditioned on continued Board service through the applicable vesting date.
How will the First Hawaiian (FHB) restricted stock units be settled after vesting?
After vesting, the restricted stock units will be settled in shares of First Hawaiian Common Stock on a one-for-one basis. Settlement will occur within 30 days of vesting, delivering one share of Common Stock for each vested unit.