Robert S. Harrison - Feb 21, 2023 Form 4 Insider Report for FIRST HAWAIIAN, INC. (FHB)

Role
CHAIRMAN, PRESIDENT AND CEO, Director
Signature
/s/ Lisa Kamibayashi as Attorney-in-Fact for Robert S. Harrison
Stock symbol
FHB
Transactions as of
Feb 21, 2023
Transactions value $
-$450,588
Form type
4
Date filed
2/23/2023, 04:32 PM
Previous filing
Apr 26, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FHB Common Stock Award $0 +47.6K +17.5% $0.00 319K Feb 21, 2023 Direct F1
transaction FHB Common Stock Tax liability -$451K -16.9K -5.28% $26.73 303K Feb 21, 2023 Direct F2
transaction FHB Common Stock Award $0 +34.4K +11.38% $0.00 337K Feb 22, 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 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.