Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 79

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 79
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 was $78,843; and • The annual total compensation of Mr. Ho, our Chairman and Chief Executive Officer was $4,285,301. Based on this information, the ratio for 2024 of the annual total compensation of our Chairman and Chief Executive Officer to the median of the annual total compensation of all employees is 54.4 to 1. We completed the following steps to identify the median of the annual total compensation of all our employees and to determine the annual total compensation of our median employee and CEO: • As of October 11, 2024, our U.S. employee population consisted of 1,871 employees, including any full-time, part-time, temporary, or seasonal employees employed on that date. This date was selected because it aligned with a payroll cycle and allowed us to identify employees in a reasonably efficient manner. As permitted by SEC rules, we excluded approximately 16 employees located in Palau and Japan, which accounted for less than 1% of our total U.S. and non-U.S. employee population of 1,887. • To find the median of the annual total compensation of our employees (other than our CEO), we used total earnings as reported to the Internal Revenue Service on Form W-2 plus nontaxable earnings from our payroll records for fiscal year 2024. In making this determination, we annualized compensation for full-time and part-time permanent employees who were employed on October 11, 2024, but did not work for us the entire year. No full-time equivalent adjustments were made for part-time employees. • We identified our median employee using this compensation measure and methodology, which was consistently applied to all our employees included in the calculation. • After identifying the median employee, we added together all of the elements of such employee’s compensation for 2024 in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K, resulting in the annual total compensation of $78,843. • With respect to the annual total compensation of our CEO, we used the amount reported in the “Total” column of our 2024 Summary Compensation Table, prepared in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K.

| 74 | BANK OF HAWAI'I  •  2025 PROXY STATEMENT |

Certain Relation ships and Related Party Transactions The Company has written ethics and business conduct policies and procedures to monitor and approve related party transactions, including procedures related to any loans the Company makes to