Kevin Barnes reports 0% after Series H 5.25% redemption

Rhea-AI Filing Summary

Hawaiian Electric Company, Inc. elected to redeem its Series H 5.25% Cumulative Preferred Stock at a cash price of $21.2625 per share on October 15, 2025.

In this Schedule 13D/A (Amendment No. 1), Kevin Barnes reports 0 shares beneficially owned, representing 0% of the class, with no voting or dispositive power.

As context, the class had 250,000 preferred shares outstanding as of June 30, 2025, as disclosed in the issuer’s Form 10-Q filed on August 7, 2025.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

HAWAIIAN ELECTRIC CO INC

(Name of Issuer)

Cumulative Preferred Stock, Series H - 5.25%

(Title of Class of Securities)

419866843

(CUSIP Number)

Kevin Barnes
1135 Makawao Avenue, #253,
Makawao, HI, 96768
1.808.400.8889

Andrew K. Glenn
Glenn Agre Bergman & Fuentes LLP, 1185 Avenue of the Americas, 22nd Floor
New York, NY, 10036
1.212.970.1600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 419866843

1

Name of reporting person

Kevin Barnes

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Cumulative Preferred Stock, Series H - 5.25%
(b)	Name of Issuer: HAWAIIAN ELECTRIC CO INC
(c)	Address of Issuer's Principal Executive Offices: 1099 Alakea Street, Suite 2200, Honolulu, HAWAII , 96813.
Item 2.	Identity and Background
(a)	This statement is filed by Kevin Barnes with respect to the Preferred Shares directly and/or beneficially owned by him.
(b)	The principal business address of the Reporting Person is 1135 Makawao Avenue, #253, Makawao, HI 96768.
(c)	The Reporting Person, has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(d)	The Reporting Person has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	Kevin Barnes is a citizen of the United States of America.
Item 3.	Source and Amount of Funds or Other Consideration
	- N / A -
Item 4.	Purpose of Transaction
	On October 15, 2025, the Hawaiian Electric Company, Inc. elected to redeem, along with other tranches of preferred stock, its Series H 5 1/4% Cumulative Preferred Stock, par value $20 per share, for a total cash payment of $21.2625 per share. Mahalo and good luck!
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Preferred Shares reported owned by each person named herein is based upon 250,000 Preferred Shares outstanding as of June 30, 2025 per the Issuer's Form 10-Q filed on 08/07/25. Kevin Barnes (a) As of the date hereof, Kevin Barnes beneficially owns 0 Preferred Shares. Percentage: Approximately 0%
(b)	1. Sole power to vote or direct vote: 0 2.Shared power to vote or direct vote: 0 3.Sole power to dispose or direct the disposition: 0 4.Shared power to dispose or direct the disposition: 0 The filing of this Schedule 13D shall not be deemed an admission that the Reporting Person is, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any securities of the Issuer that he or it does not directly own. The Reporting Person disclaims beneficial ownership of the Preferred Shares that he or it does not directly own.
(c)	Schedule A annexed hereto lists all transactions in securities of the Issuer by the Reporting Person during the past 60 days. All of such transactions were effected in the open market unless otherwise noted therein.
(d)	No person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Preferred Shares.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Person, or between the Reporting Person and any other person, with respect to the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Schedule A: Kevin Barnes Transactions in the Hawaiian Electric Company, Inc. Cumulative Preferred Stock, Series H - 5.25% During the Past Sixty (60) Days

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kevin Barnes

Signature:	/s/ Kevin Barnes
Name/Title:	Kevin Barnes
Date:	10/16/2025

FAQ

What did HAWEL disclose about its preferred Series H 5.25%?

Hawaiian Electric Company, Inc. elected to redeem its Series H 5.25% cumulative preferred stock for $21.2625 per share on October 15, 2025.

What does Kevin Barnes report in this Schedule 13D/A for HAWEL?

He reports 0 shares beneficially owned, or 0% of the class, with no voting or dispositive power.

What is the redemption price for HAWEL’s Series H preferred?

The redemption price disclosed is $21.2625 per share.

How many Series H preferred shares were outstanding as of June 30, 2025?

There were 250,000 shares outstanding as of June 30, 2025, per the issuer’s Form 10-Q filed on August 7, 2025.

What class of securities is covered in this HAWEL filing?

Cumulative Preferred Stock, Series H - 5.25%.

When was the event that required this filing?

The event date listed is October 15, 2025.