Bank of Hawaii Awards Stock Grants to Executive Officers

Bank of Hawaii Corporation (NYSE:BOH), currently trading at $75.42 with a market capitalization of $3 billion, has announced the award of service-based Restricted Stock Unit Grants (RSUs) to certain executive officers, according to a recent SEC filing. On Thursday, January 24, 2025, the company’s Human Resources and Compensation Committee granted RSUs to designated Named Executive Officers (NEOs) under the 2024 Stock and Incentive Plan.

The recipients of these stock grants include Marco A. Abbruzzese, Vice Chair of Wealth Management, and S. Bradley Shairson, Vice Chair and Chief Risk Officer. Both executives received 7,032 RSUs each. These awards are part of the company’s long-term compensation strategy for its executives, aligning their interests with those of the shareholders.

The announcement comes as part of the company’s regular disclosures to the SEC and provides insights into the compensation mechanisms for Bank of Hawaii’s top management. The filing did not disclose the specific terms or conditions associated with the vesting of these RSUs.

Bank of Hawaii, headquartered in Honolulu, Hawaii, operates as a regional financial institution offering a range of banking services. The company’s stock is traded on the New York Stock Exchange under the ticker BOH, and it has preferred stock series listed as BOH.PRA and BOH.PRB. According to InvestingPro data, the bank has maintained dividend payments for 54 consecutive years, currently offering a 3.77% yield. The company maintains a FAIR financial health score, with analysts predicting continued profitability this year.

The disclosure of the stock grants is based on the regulatory requirements set by the SEC for public companies to report certain executive compensation arrangements. This information is vital for investors to understand the incentive structures for executives who are at the helm of managing the company’s operations and strategic direction.

The SEC filing also included other routine documentation, such as the cover page interactive data file embedded within the Inline XBRL document. The report was signed by Patrick M. McGuirk, Vice Chair and Chief Administrative Officer of Bank of Hawaii Corporation, on January 30, 2025.

The information provided in this article is based solely on the SEC filing by Bank of Hawaii Corporation and is presented without speculation or subjective assessment. For deeper insights into Bank of Hawaii’s financial health and performance metrics, including exclusive ProTips and comprehensive analysis, explore InvestingPro, which offers detailed research reports and advanced financial metrics for over 1,400 US stocks.

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