FIRST HAWAIIAN,INC. (NASDAQ:FHB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e)On February27, 2019, the Board of Directors of First Hawaiian,Inc. (the “Company”) adopted a new form of restricted share award agreement (the “Restricted Share Award Agreement”), for use in connection with grants of awards under the Company’s 2016 Omnibus Incentive Compensation Plan, and a new form of performance share award agreement (the “Performance Share Award Agreement”), for use in connection with grants of awards under the Company’s Long-Term Incentive Plan.
Subject to the restrictions, terms and conditions set forth in the Restricted Share Award Agreement, the Company’s 2016 Omnibus Incentive Compensation Plan and the participant’s employment agreement with the Company, the Company expects to grant participants restricted shares of the Company’s common stock that will vest, if at all, solely in shares of common stock of the Company, ratably on each of the first, second and third anniversaries of the date on which such restricted shares were granted.
Subject to the restrictions, terms and conditions set forth in the Performance Share Award Agreement, the Company’s Long-Term Incentive Plan and the participant’s employment agreement with the Company, the Company will grant participants performance shares, which will vest, if at all, solely in shares of common stock of the Company, based upon the achievement by the Company of the performance metrics described in the applicable Performance Share Award Agreement, over a three-year period.
The foregoing descriptions of the Restricted Share Award Agreement and the Performance Share Award Agreement do not purport to be complete and are subject to, and qualified in their entirety by, the full text of each agreement, the forms of which are attached hereto as Exhibit10.1 and Exhibit10.2 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
FIRST HAWAIIAN, INC. Exhibit
EX-10.1 2 a19-5907_1ex10d1.htm EX-10.1 Exhibit 10.1 FIRST HAWAIIAN,…
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About FIRST HAWAIIAN,INC. (NASDAQ:FHB)
First Hawaiian, Inc. is a bank holding company. The Company’s subsidiary, First Hawaiian Bank, is a financial institution. The Company’s Retail Banking segment serves retail customers and small businesses and offers a range of products and services that include deposit products, mortgage and home equity lending, auto financing, business loans and wealth management services. Its Commercial Banking segment offers a range of financial products and services, including corporate banking, residential and commercial real estate lending, commercial lease financing, auto dealer financing, deposit products and credit cards. Its Treasury and Other segment includes its treasury business. The bank has approximately 57 branches throughout Hawaii, over three in Guam and approximately two in Saipan. It offers a range of banking services to consumer and commercial customers, including deposit products, lending services and wealth management, insurance, private banking and trust services.
