HE director receives 9,238-share stock grant

HAWAIIAN ELECTRIC INDUSTRIES INC director Celeste Anne Connors received a stock grant of 9,238 shares of common stock on June 30, 2026.

Rhea-AI Filing Summary

HAWAIIAN ELECTRIC INDUSTRIES INC director Celeste Anne Connors received a stock grant of 9,238 shares of common stock on June 30, 2026. The grant was made at no cash cost under the HEI 2011 Nonemployee Director Stock Plan as part of her board compensation.

After this award, Connors directly holds 34,678 shares of common stock, which includes shares acquired through the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Repurchase Plan. This filing reflects a compensation-related share grant rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 9,238 shares

Grant/Award 1 txn

Insider Connors Celeste Anne

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,238	$0.00	$0.00

Holdings After Transaction: Common Stock — 34,678 shares (Direct)

Footnotes (2)

1. F1. Stock grant pursuant to the HEI 2011 Nonemployee Director Stock Plan.
2. F2. Include shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Repurchase Plan

Key Figures

Stock grant: 9,238 shares Grant price: $0.00 per share Total holdings after grant: 34,678 shares

3 metrics

Stock grant 9,238 shares Common Stock award on June 30, 2026

Grant price $0.00 per share Director compensation grant, not open-market trade

Total holdings after grant 34,678 shares Direct common stock ownership following the transaction

Key Terms

HEI 2011 Nonemployee Director Stock Plan, Dividend Reinvestment and Stock Repurchase Plan, Common Stock

3 terms

HEI 2011 Nonemployee Director Stock Plan financial

"Stock grant pursuant to the HEI 2011 Nonemployee Director Stock Plan."

Dividend Reinvestment and Stock Repurchase Plan financial

"Include shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Repurchase Plan"

Common Stock financial

"security_title: Common Stock"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HE director Celeste Anne Connors report in this Form 4?

Celeste Anne Connors reported receiving a grant of 9,238 shares of Hawaiian Electric Industries common stock. The shares were awarded at no cash cost as part of board compensation under the HEI 2011 Nonemployee Director Stock Plan.

Is the Celeste Anne Connors Form 4 for HE a stock purchase or a grant?

The Form 4 reflects a stock grant, not an open-market purchase. Connors received 9,238 shares at a price of $0.00 per share under the HEI 2011 Nonemployee Director Stock Plan as compensation for her role as a nonemployee director.

How many Hawaiian Electric (HE) shares does Celeste Anne Connors hold after this transaction?

After the stock grant, Celeste Anne Connors directly holds 34,678 shares of Hawaiian Electric Industries common stock. This total includes shares acquired through the company’s Dividend Reinvestment and Stock Repurchase Plan, as noted in the Form 4 footnotes.

What plan was used for the HE stock grant to Celeste Anne Connors?

The stock grant was made under the HEI 2011 Nonemployee Director Stock Plan. This plan provides equity awards to nonemployee directors as part of their compensation, aligning their interests with shareholders of Hawaiian Electric Industries through direct ownership of common stock.

Does the Connors Form 4 for Hawaiian Electric involve dividend reinvestment shares?

Yes. The Form 4 notes that her reported holdings include shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Repurchase Plan, indicating that reinvested dividends and repurchases contribute to her total direct common stock position.

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Accepted by SEC EDGAR 07/02/2026 - 08:16 PM EDT Learn about SEC filing dates

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^*

Connors Celeste Anne

(Last) (First) (Middle)

C/O P.O. BOX 730

1001 BISHOP STREET, SUITE 2900

(Street)

HONOLULU HAWAII 96808-0730

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HAWAIIAN ELECTRIC INDUSTRIES INC [ HE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		A		9,238(1)	A	$0	34,678(2)	D

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

Explanation of Responses:

1. Stock grant pursuant to the HEI 2011 Nonemployee Director Stock Plan.

2. Include shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Repurchase Plan

Remarks:

Exhibit List Exhibit 24 - Power of Attorney

	Sean K. Clark, Attorney-in-fact for Celeste Anne Connors	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)