Hawaiian Electric director gets 9,238-share stock grant

Taniguchi Toby B. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Taniguchi Toby B. reported acquisition or exercise transactions in this Form 4 filing.

Hawaiian Electric Industries director Toby B. Taniguchi received a stock grant of 9,238 shares of common stock. The award was made on June 30, 2026 under the HEI 2011 Nonemployee Director Stock Plan and carried no cash purchase price. Following this compensation-related grant, Taniguchi directly holds 25,733 shares of Hawaiian Electric Industries common stock. The filing reflects a routine equity award to a nonemployee director rather than an open-market trade.

Insider Trade Summary

Grant/Award: 9,238 shares

Grant/Award 1 txn

Insider Taniguchi Toby B.

Role Director

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

Holdings After Transaction: Common Stock — 25,733 shares (Direct)

Footnotes (1)

1. F1. Stock grant pursuant to the HEI 2011 Nonemployee Director Stock Plan.

Key Figures

Stock grant size: 9,238 shares Grant price per share: $0.0000 per share Shares owned after grant: 25,733 shares +2 more

5 metrics

Stock grant size 9,238 shares Common stock awarded on June 30, 2026

Grant price per share $0.0000 per share Equity compensation, not an open-market purchase

Shares owned after grant 25,733 shares Direct ownership following the reported transaction

Transaction code Code A Grant, award, or other acquisition of common stock

Transaction direction acquire Non-derivative acquisition via stock grant

Key Terms

Nonemployee Director Stock Plan, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

Nonemployee Director Stock Plan financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What did Hawaiian Electric Industries (HE) director Toby Taniguchi report in this Form 4?

Director Toby B. Taniguchi reported receiving a grant of 9,238 shares of Hawaiian Electric Industries common stock. The shares were awarded as equity compensation under the HEI 2011 Nonemployee Director Stock Plan, not purchased in the open market.

How many Hawaiian Electric (HE) shares does Toby Taniguchi hold after this grant?

After the June 30, 2026 stock grant, Toby B. Taniguchi directly holds 25,733 shares of Hawaiian Electric Industries common stock. This total includes the 9,238-share award reported in the filing and represents his direct ownership position following the transaction.

Was cash paid for the 9,238-share grant reported by HE director Toby Taniguchi?

No cash was paid for the 9,238-share grant to Toby B. Taniguchi. The Form 4 shows a price per share of $0.0000, indicating the shares were granted as compensation rather than purchased, consistent with an equity award under the director stock plan.

What plan was used for Toby Taniguchi’s stock grant at Hawaiian Electric (HE)?

The 9,238-share stock grant to Toby B. Taniguchi was made under the HEI 2011 Nonemployee Director Stock Plan. This plan provides equity compensation to nonemployee directors, aligning their interests with shareholders through stock awards instead of only cash fees.

Does this HE Form 4 show any stock sales or option exercises by Toby Taniguchi?

The Form 4 shows only an acquisition of 9,238 common shares through a grant to Toby B. Taniguchi. There are no reported open-market purchases, sales, option exercises, gifts, or tax-withholding dispositions in this filing, making it a straightforward equity award report.

Is Toby Taniguchi considered a major shareholder of Hawaiian Electric (HE) in this filing?

In this filing, Toby B. Taniguchi is identified as a director, not as a ten percent owner. The Form 4 indicates he is a nonemployee director receiving stock under the HEI 2011 Nonemployee Director Stock Plan, with 25,733 shares directly owned after the grant.

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

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Accepted by SEC EDGAR 07/02/2026 - 09:01 PM 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^*

Taniguchi Toby B.

(Last) (First) (Middle)

C/O P.O. BOX 730

(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	25,733	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.

	Sean K. Clark, Attorney-in-Fact for Toby B. Taniguchi	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)