Hawaiian Electric (NYSE: HE) director granted 9,238 shares, updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JOHNS TIMOTHY E reported acquisition or exercise transactions in this Form 4 filing.
Hawaiian Electric Industries director Timothy E. Johns received a stock grant and updated his holdings. He was granted 9,238 shares of common stock at no cost as a compensation award under the HEI 2011 Nonemployee Director Stock Plan, bringing his directly held shares to 9,253. Separately, an indirect holding entry shows 63,153 shares held through the Revocable Trust of Timothy E. Johns and Robin C. Johns.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
JOHNS TIMOTHY E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,238 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,253 shares (Direct);
Common Stock — 63,153 shares (Indirect, By Revocable Trust of Timothy E. Johns and Robin C. Johns UAD)
Footnotes (1)
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Key Figures
Stock grant: 9,238 shares
Direct holdings after grant: 9,253 shares
Indirect trust holdings: 63,153 shares
3 metrics
Stock grant
9,238 shares
Common stock grant at $0.00 per share to director
Direct holdings after grant
9,253 shares
Total common shares directly held by Timothy E. Johns
Indirect trust holdings
63,153 shares
Common shares held via Revocable Trust of Timothy E. and Robin C. Johns
Key Terms
HEI 2011 Nonemployee Director Stock Plan, grant/award acquisition, Revocable Trust
3 terms
HEI 2011 Nonemployee Director Stock Plan financial
"Stock grant pursuant to the HEI 2011 Nonemployee Director Stock Plan."
grant/award acquisition financial
"transaction_action is labeled as grant/award acquisition for 9,238 shares."
Revocable Trust financial
"nature_of_ownership describes holdings by Revocable Trust of Timothy E. Johns and Robin C. Johns UAD."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did HE director Timothy E. Johns report in this Form 4 filing?
Director Timothy E. Johns reported a stock grant and updated holdings. He received 9,238 Hawaiian Electric Industries common shares as a compensation award, and his direct ownership increased to 9,253 shares. He also reported 63,153 shares held indirectly through a revocable trust.
Was the HE stock grant to Timothy E. Johns an open-market purchase?
No. The 9,238-share transaction was coded as a grant or award with a $0.00 per-share price. It is described as a stock grant under the HEI 2011 Nonemployee Director Stock Plan rather than an open-market purchase of shares.
What plan governed Timothy E. Johns’ Hawaiian Electric stock grant?
The stock grant was made under the HEI 2011 Nonemployee Director Stock Plan. A footnote explains that the 9,238-share award to director Timothy E. Johns was issued pursuant to this plan as part of his nonemployee director compensation.