HAWAIIAN ELECTRIC INDUSTRIES INC SEC Filings

Hawaiian Electric Industries, Inc. is asking shareholders to elect twelve directors, approve executive compensation on an advisory basis, and ratify Deloitte & Touche as independent auditor at its virtual 2026 annual meeting on June 11, 2026.

The proxy highlights HEI’s shift to a pure-play utility holding company after divesting non-utility businesses, with a unified board spanning HEI and Hawaiian Electric. The slate includes six incumbent HEI directors and six current Hawaiian Electric directors.

Board messaging emphasizes recovery from the 2023 Maui wildfires, noting court approval of a wildfire tort litigation settlement and initial payment, ongoing wildfire safety investments, and broader risk management. Financially, HEI reports 2025 net income of $123 million and core income of $149 million, or $0.71 and $0.86 per share, with $1.6 billion of liquidity.

BlackRock, Inc. amended a Schedule 13G/A to report beneficial ownership of 25,323,022 shares of Hawaiian Electric Industries Inc Common Stock, equal to 14.7% of the class. The filing shows sole voting power for 25,064,158 shares and sole dispositive power for 25,323,022 shares. The filing states that iShares Core S&P Small‑Cap ETF holds an interest exceeding 5% of the outstanding common stock. The amendment is signed by Spencer Fleming, Managing Director, dated 04/24/2026.

Hawaiian Electric Industries, Inc. reported that former Executive Vice President & Chief Financial Officer Scott T. DeGhetto, whose term as principal financial officer ended on April 1, 2026, has entered into a Consultant Services Agreement through his LLC, Emberstone, LLC.

From April 6, 2026 through April 5, 2027, he will advise on debt and equity financing, corporate dispositions and other market-related projects requested by the CEO. He will receive a monthly consulting fee of $200,000 plus applicable taxes, and a one-time $1,350,000 Special Projects Fee at the end of the term, both subject to prorating if the agreement ends early for specified reasons. These amounts are in addition to previously reported consulting compensation of $800,000 for services through March 1, 2027.

Hawaiian Electric Industries EVP & CFO Paul K. Ito filed an initial Form 3 reporting his ownership of the company’s common stock. The filing shows he directly holds 22,646.147 shares of common stock and reports no indirect holdings, which are listed at 0.0000 shares.

Hawaiian Electric Industries, Inc. furnished an unaudited 2025 Statistical Supplement showing a return to profitability after large wildfire-related losses in 2024. For 2025, consolidated revenues were $3.09 billion versus $3.22 billion in 2024, while net income for common stock improved to $123.1 million from a loss of $1.43 billion. Basic and diluted earnings per share were $0.71, compared with a loss of $11.23 per share in 2024, and no common dividends were paid in 2024 or 2025, versus $1.08 per share in 2023.

The utilities segment earned $168.2 million for common stock in 2025, compared with a loss of $1.23 billion in 2024, as wildfire expenses after insurance and deferrals dropped to $12.2 million from $1.4 billion. Total assets were $8.92 billion at December 31, 2025, with common equity of $1.61 billion and long-term debt, net, of $2.41 billion, giving a capital structure of 60% long-term debt and 40% equity. The supplement also reflects the sale of American Savings Bank, with discontinued operations no longer contributing to assets, income or headcount.

Hawaiian Electric Industries Inc Schedule 13G/A amendment: The Vanguard Group reports it no longer beneficially owns any common stock of the issuer following an internal realignment. The filing states 01/12/2026 as the realignment reference and shows 0% ownership as of the amendment.

The registrant explains certain subsidiaries and business divisions will report beneficial ownership separately in reliance on SEC Release No. 34-39538; the filing is signed by Ashley Grim on 03/27/2026.

Hawaiian Electric Industries, Inc. filed an update related to its existing at-the-market equity program, under which it may sell shares of common stock with an aggregate offering price of up to $250,000,000 pursuant to a previously filed prospectus supplement and automatic shelf registration statement.

The company provides revised "Certain Material U.S. Federal Income Tax Considerations" for non-U.S. holders of its common stock issued in the ATM offering. The updated disclosure explains how U.S. federal income tax rules may apply to distributions, sales, information reporting, backup withholding, and FATCA, and notes that the company does not anticipate declaring or paying dividends in the near term.

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.

Hawaiian Electric Industries President and CEO Shelee M. T. Kimura reported that 1,277 shares of common stock were withheld on February 20, 2026 to satisfy tax obligations from the net settlement of restricted stock units. The shares were valued at $15.86, the closing stock price that day, and the filing specifies this does not represent a sale of shares.

After this tax-withholding transaction, Kimura directly holds 26,921 common shares. She also has indirect ownership of 1,358.05 shares through an account titled “Shelee M T Kimura TOD Stan M Kimura Subject to STA TOD Rules,” which includes accrued dividend equivalents tied to outstanding RSUs.