Paul K. Ito - 10 Feb 2023 Form 4 Insider Report for HAWAIIAN ELECTRIC INDUSTRIES INC (HE)

Signature
Sean K. Clark, Atty-in-Fact for Paul K. Ito
Issuer symbol
HE
Transactions as of
10 Feb 2023
Net transactions value
$0
Form type
4
Filing time
14 Feb 2023, 17:04:08 UTC
Previous filing
23 Feb 2022
Next filing
22 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HE Common Stock Award $0 +11,200 +87% $0.000000 24,038 10 Feb 2023 Direct F1, F2, F3
transaction HE Common Stock Award $0 +1,876 +7.8% $0.000000 25,914 10 Feb 2023 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of 11,200 restricted stock units on February 10, 2023. Each restricted stock unit represents a contingent right to receive one share of HEI common stock. The restricted stock units will vest in annual installments over three years.
F2 Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan and shares previously acquired by the reinvestment of dividends.
F3 Includes accrued dividend equivalents (as denominated in shares of HE common stock) from February 14, 2019 (first RSU grants in 2019) to date. Dividend equivalents accrue in HE common stock with respect to outstanding RSUs when and as dividends are paid. Accrued dividend equivalents are denominated in HE common stock and paid upon vesting in shares of HE common stock.
F4 Shares awarded under the Company's Long-Term Incentive Plan for 2020-2022 performance period.