BANK OF HAWAII CORP
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
The Parent’s repurchases of its common stock during the first quarter of 2024 were as follows:
| Issuer Purchases of Equity Securities | ||||
|---|---|---|---|---|
| Period | Total Numberof SharesPurchased 1 | Average PricePaid PerShare | Total Number ofShares Purchasedas Part ofPublicly AnnouncedPlans or Programs | Approximate DollarValue of Sharesthat May Yet BePurchased Underthe Plans orPrograms 2 |
| January 1 - 31, 2024 | 2,335 | $72.70 | — | $126,038,927 |
| February 1 - 29, 2024 | 51,015 | 61.28 | — | 126,038,927 |
| March 1 - 31, 2024 | 396 | 59.95 | — | 126,038,927 |
| Total | 53,746 | $61.77 | — | |
During the first quarter of 2024, 53,746 shares were acquired from employees in connection with income tax withholdings related to the vesting of restricted stock and acquired by the trustee of a trust established pursuant to the Bank of Hawai‘i Corporation Director Deferred Compensation Plan (the “DDCP”) directly from the Parent in satisfaction of the Company’s obligations to participants under the DDCP. The issuance of these shares was made in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) by Section 4(a)(2) thereof. The trustee under the trust and the participants under the DDCP are “Accredited Investors”, as defined in Rule 501(a) under the Securities Act. These transactions did not involve a public offering and occurred without general solicitation or advertising. The shares were purchased at the closing price of the Parent’s common stock on the dates of purchase.
The share repurchase program was first announced in July 2001. The program has no set expiration or termination date. The actual amount and timing of future share repurchases, if any, will depend on market and economic conditions, regulatory rules, applicable SEC rules, and various other factors.
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