Gregory C. Hazelton - 11 Feb 2022 Form 4 Insider Report for HAWAIIAN ELECTRIC INDUSTRIES INC (HE)

Role
EVP & CFO
Signature
Sean K. Clark, Atty-in-Fact for Gregory C. Hazelton
Issuer symbol
HE
Transactions as of
11 Feb 2022
Net transactions value
$0
Form type
4
Filing time
15 Feb 2022, 20:05:49 UTC
Previous filing
16 Dec 2021
Next filing
23 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HE Common Stock Award $0 +6,784 +15% $0.000000 51,855 11 Feb 2022 Direct F1, F2
transaction HE Common Stock Award $0 +10,128 +20% $0.000000 61,983 11 Feb 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gregory C. Hazelton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Grant of 6,784 restricted stock units on February 11, 2022. Each restricted stock unit represents a contingent right to receive one share of HEI common stock. The restricted stock units will vest in annual installments over three years.
F2 Includes accrued dividend equivalents (as denominated in shares of HE common stock) from January 31, 2018 (first RSU grants in 2018) 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.
F3 Shares awarded under the Company's Long-Term Incentive for 2019-2021 performance period.