First Hawaiian director granted 2,613 RSUs
FIRST HAWAIIAN, INC. director Jim Moffatt reported an equity award on this Form 4.
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Form Type
4
Rhea-AI Filing Summary
FIRST HAWAIIAN, INC. director Jim Moffatt reported an equity award on this Form 4. He acquired 2,613 restricted stock units tied to Common Stock at no cash cost, increasing his direct holdings to 16,854 shares.
The 2,613 restricted stock units will vest on the earlier of April 22, 2027, the company’s 2027 annual stockholders’ meeting, or a change in control, as long as he continues serving on the Board through the vesting date. Once vested, they will settle one-for-one in shares of Common Stock within 30 days.
Insider Trade Summary
Grant/Award: 2,613 shares
Grant/Award
1 txn
Insider
Moffatt Jim
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,613 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 16,854 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units that will vest on the earlier of (a) April 22, 2027, (b) the date of First Hawaiian, Inc.'s 2027 annual meeting of stockholders or (c) a change in control of First Hawaiian, Inc., subject to continued service on the First Hawaiian, Inc. Board of Directors through the vesting date, and will settle in shares of Common Stock on a one-for-one basis within 30 days of vesting.
Key Figures
Restricted stock units granted: 2,613 units
Grant price per share: $0.00 per share
Shares held after transaction: 16,854 shares
+1 more
4 metrics
Restricted stock units granted
2,613 units
Grant of RSUs settling into Common Stock one-for-one
Grant price per share
$0.00 per share
Reported transaction price for the equity award
Shares held after transaction
16,854 shares
Direct Common Stock holdings following the grant
Earliest vesting date
April 22, 2027
One of the vesting triggers for the 2,613 RSUs
Key Terms
restricted stock units, change in control, vest, Board of Directors
4 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 financial
"...or (c) a change in control of First Hawaiian, Inc., subject to continued service..."
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.
vest financial
"Represents restricted stock units that will vest on the earlier of (a) April 22, 2027..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Board of Directors financial
"...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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did First Hawaiian (FHB) director Jim Moffatt report on this Form 4?
Jim Moffatt reported receiving 2,613 restricted stock units linked to First Hawaiian Common Stock. The award was granted at no cash cost and represents stock-based compensation that will convert into shares if vesting conditions tied to future service are met.
When do Jim Moffatt’s 2,613 First Hawaiian (FHB) restricted stock units vest?
The 2,613 restricted stock units vest on the earliest of April 22, 2027, the 2027 annual stockholders’ meeting, or a change in control. Vesting also requires Jim Moffatt to continue serving on First Hawaiian’s Board of Directors through the applicable vesting date.
How will the 2,613 restricted stock units for First Hawaiian (FHB) be settled?
Once vested, the 2,613 restricted stock units will settle in First Hawaiian Common Stock on a one-for-one basis. Settlement occurs within 30 days after vesting, meaning each unit converts into one share, delivering equity instead of cash to the director.
Is Jim Moffatt’s Form 4 transaction in First Hawaiian (FHB) an open-market trade?
No, the transaction is classified as a grant or award acquisition, not an open-market trade. The shares were received as restricted stock units at a reported price of $0.00 per share, reflecting compensation rather than a purchase or sale in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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