Bank of Hawaii Director Sells All Shares in His Trust After CEO Announces Retirement

Bank of Hawaii is a household name in the Pacific Islands, but can its stock continue to grow long-term?On Feb. 6, 2026, Robert W. Wo Jr., Director of Bank of Hawaii Corporation (BOH +1.35%), reported an indirect open-market sale of 5,000 common shares valued at approximately $393,000 according to the SEC Form 4 filing. Transaction summaryMetricValueShares sold (indirect)5,000Transaction value$393,000Post-transaction shares (direct)44,635Post-transaction shares (indirect)11,173Post-transaction value (direct ownership)$3.5 millionTransaction value based on SEC Form 4 reported price ($78.57); post-transaction value based on trade-date market close. Key questionsWhat is the composition of Wo's holdings after this sale?Following the transaction, Wo holds 44,635 common shares directly and 11,173 shares indirectly, in addition to 34,906 shares in the Directors' Deferred Compensation Plan, which are convertible into common stock.How does the magnitude of this transaction compare to Wo's historical trading activity?This is Wo's only reported open-market sale since at least March 2023, with previous activity limited to administrative adjustments and a single 6,500-share purchase in June 2023.Which entity controlled the shares sold, and what implications does that carry for direct versus indirect ownership?The 5,000 shares sold were entirely held by the Robert Ching Wo Trust 1985; Wo's direct ownership was unaffected. Company overviewMetricValueRevenue (TTM)$705.13 millionNet income (TTM)$184.83 millionDividend yield3.50%1-year price change (as of Feb. 21, 2026)9.45%* 1-year price change calculated as of Feb. 6, 2026. ExpandNYSE: BOHBank Of HawaiiToday's Change(1.35%) $1.07Current Price$80.07Key Data PointsMarket Cap$3.2BDay's Range$78.01 - $80.1152wk Range$57.45 - $80.61Volume299KAvg Vol412KDividend Yield3.50%Company snapshotBank of Hawaii Corporation is a leading regional financial institution headquartered in Honolulu, Hawaii, Guam, and other Pacific Islands, with a history dating back to 1897. It offers a broad suite of financial products and services, including consumer and commercial banking, wealth management, investment advisory, and treasury solutions. What this transaction means for investorsAlthough Wo’s trust, Robert Ching Wo Trust 1985, currently holds zero shares, the board director still holds thousands of shares through various entities, including holding 44,635 shares directly and 34,906 shares are held under a deferred compensation plan, which distributes stock at the director’s discretion or when his role is terminated. Wo also owns thousands of shares through an irrevocable trust, his wife, and her trust. In total, he currently holds 11,173 shares indirectly. So the sale of indirect shares shouldn’t concern investors, but there should be concern around the bank’s geographic concentration of its lending and banking products. The company serves customers across the Pacific region, but that’s still limited compared to competitor banks that offer services around the entire U.S. and/or the entire world. The bank’s CEO also announced his plans to retire at the end of March 2026. And with the stock having four consecutive years of price decline, it remains to be seen how the company and its stock will pivot toward long-term growth. Read NextJul 26, 2021 •By Motley Fool TranscribersBank of Hawaii Corporation (BOH) Q2 2021 Earnings Call TranscriptApr 26, 2021 •By Motley Fool TranscribersBank of Hawaii Corp (BOH) Q1 2021 Earnings Call TranscriptJan 25, 2021 •By Motley Fool TranscribersBank of Hawaii Corp (BOH) Q4 2020 Earnings Call TranscriptOct 26, 2020 •By Motley Fool TranscribersBank of Hawaii Corp (BOH) Q3 2020 Earnings Call TranscriptJul 27, 2020 •By Motley Fool TranscribersBank of Hawaii Corp (BOH) Q2 2020 Earnings Call TranscriptApr 20, 2020 •By Motley Fool TranscribersBank of Hawaii Corp (BOH) Q1 2020 Earnings Call TranscriptStocks MentionedBank Of HawaiiNYSE: BOH$80.07 (+1.35%) $+1.07*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.