Neill Char - 21 Feb 2023 Form 4 Insider Report for FIRST HAWAIIAN, INC. (FHB)

Role
VICE CHAIRMAN
Signature
/s/ Lisa Kamibayashi as Attorney-in-Fact for Neill Char
Issuer symbol
FHB
Transactions as of
21 Feb 2023
Net transactions value
-$26,008
Form type
4
Filing time
23 Feb 2023, 16:28:51 UTC
Previous filing
14 Feb 2023
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FHB Common Stiock Award $0 +2,696 +18% $0.000000 17,961 21 Feb 2023 Direct F1
transaction FHB Common Stiock Tax liability $26,008 -973 -5.4% $26.73 16,988 21 Feb 2023 Direct F2
transaction FHB Common Stiock Award $0 +4,491 +26% $0.000000 21,479 22 Feb 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock of First Hawaiian, Inc. ("Common Stock") underlying performance share awards granted in 2020 and earned based on the satisfaction of performance-based vesting requirements over a three-year performance period ending on December 31, 2022 and continued employment through the determination date. The Compensation Committee of the Board of Directors of First Hawaiian, Inc. determined and approved the amount of Common Stock earned in respect of such performance share awards on February 21, 2023 and such performance share awards will be settled in shares of Common Stock no later than March 23, 2023.
F2 Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the Common Stock underlying the performance share awards described in footnote 1 above.
F3 Represents restricted stock units that will vest in three equal annual installments beginning on February 22, 2024 and settle in shares of Common Stock on a one-for-one basis, subject to continued employment through the applicable vesting date.