What indirect HE share holdings are reported for the CEO on this Form 4?

The filing reports 228.9 shares of Hawaiian Electric common stock held indirectly by Scott W.H. Seu. These shares are held “By Self as Custodian for daughter,” indicating custodial ownership for a family member rather than direct personal holdings.

HE CEO reports tax withholding of 1,583 RSU shares

Hawaiian Electric Industries President & CEO Scott W.H.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Hawaiian Electric Industries President & CEO Scott W.H. Seu reported a tax-related share disposition tied to restricted stock units. On this date, 1,583 shares of common stock were withheld by the company at $15.86 per share to cover tax obligations and, as disclosed, this does not represent a sale of shares in the market. After this withholding, Seu directly holds 52,043.09 shares of common stock, and indirectly holds 228.9 shares as custodian for his daughter.

Insider Trade Summary

Exercise Price or Tax Liability: 1,583 shares

Exercise Price or Tax Liability 3 txns

Insider SEU SCOTT W.H.

Role President & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,583	$15.86	$25K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 52,043.09 shares (Direct); Common Stock — 457.8 shares (Indirect, By Self as Custodian for daughter)

Footnotes (3)

F1. Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy tax withholding obligations in connection with the net settlement of Restricted Stock Units ("RSUs") and does not represent a sale.
F2. Closing stock price on February 20, 2026.
F3. Includes accrued dividend equivalents (as denominated in shares of HE common stock) from February 10, 2023 (first RSU grants in 2023) to date. Dividend equivalents accrue in HE common stock with respect to outstanding RSUs when and as dividends are paid. Accrued dividend equivalents are denominated in HE common stock and paid upon vesting in shares of HE common stock.

FAQ

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

What insider transaction did HE CEO Scott Seu report on this Form 4?

Scott W.H. Seu reported shares withheld to cover taxes on vested RSUs. The company withheld 1,583 Hawaiian Electric common shares rather than conducting an open-market sale, as part of a standard net settlement for equity compensation.

Did the HE CEO actually sell shares in the market in this Form 4?

No, the disclosure states the 1,583 shares were withheld by the issuer for tax obligations and “does not represent a sale.” This is a non-market tax-withholding disposition related to restricted stock units vesting, not a discretionary share sale.

How many Hawaiian Electric shares does the CEO own directly after this transaction?

After the tax withholding, Scott W.H. Seu directly owns 52,043.09 shares of Hawaiian Electric common stock. This figure reflects his updated direct holdings following the net settlement of restricted stock units and associated tax obligations.

At what price were the HE shares withheld for the CEO’s tax obligations?

The shares were withheld at a price of $15.86 per share, described as the closing stock price on February 20, 2026. This price is used to value the 1,583 withheld shares tied to the restricted stock unit tax settlement.

What do the dividend equivalent footnotes mean in the HE CEO’s Form 4?

A footnote explains that dividend equivalents accrue in HE common stock on outstanding RSUs from February 10, 2023, and are paid in HE shares upon vesting. This means RSU holders receive share-based credits mirroring cash dividends until vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 02/24/2026 - 08:47 PM EST

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^*

SEU SCOTT W.H.

(Last)

(First)

(Middle)

C/O P.O. BOX 730

(Street)

HONOLULU

96808

(City)

(State)

(Zip)

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
X	Officer (give title below)	Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		F		1,583⁽¹⁾	D	$15.86⁽²⁾	52,043.09⁽³⁾	D
Common Stock								228.9	I	By Self as Custodian for daughter
Common Stock								228.9	I	By Self as Custodian for daughter

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy tax withholding obligations in connection with the net settlement of Restricted Stock Units ("RSUs") and does not represent a sale.

2. Closing stock price on February 20, 2026.

3. Includes accrued dividend equivalents (as denominated in shares of HE common stock) from February 10, 2023 (first RSU grants in 2023) to date. Dividend equivalents accrue in HE common stock with respect to outstanding RSUs when and as dividends are paid. Accrued dividend equivalents are denominated in HE common stock and paid upon vesting in shares of HE common stock.

	Sean K. Clark, Atty-in-Fact for Scott W. H. Seu	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR