Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 52

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 52
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 and Contact Center. He is now in charge of all of the Company’s revenue-generating businesses. As a result of his promotion, Mr. Polk’s salary was increased mid-year to $570,000, his target cash bonus was increased to 90% of salary, and he was awarded a long-term, performance-based restricted stock unit award of $500,000. Next, long-time Chief Risk Officer Mary Sellers retired from her position in March 2024 and S. Bradley Shairson was named as her successor. In 2023, Mr. Shairson joined the Company from Regions Bank, where he was Chief Operating Officer and Chief Risk Officer of Regions Bank Capital Markets. After arriving at the Company, Mr. Shairson served as Ms. Sellers’ deputy for approximately a year, allowing for a smooth transition into his new role. The cash bonus of $600,000 and LTI of $400,000 that

| BANK OF HAWAI'I  •  2025 PROXY STATEMENT | 45 |

| COMPENSATION DISCUSSION AND ANALYSIS |

Mr. Shairson received for 2024 were part of the sign-on package he agreed to prior to joining the Company in 2023 that was meant to address the compensation opportunity he forfeited by leaving his former employer. Also in March 2024, Senior Director of Operations and Technology Sharon M. Crofts retired from the Company, and then Chief Information Officer Taryn L. Salmon was named her successor. Ms. Salmon, who has been with the Company since 2019, was promoted to Vice Chair and she now oversees both Operations and Technology. In November 2024, Chief Marketing Officer Susan L. Ing retired and Kristine Stebbins was named her successor and promoted to Senior Executive Vice President and Chief Marketing Officer. Ms. Stebbins, a veteran marketing executive who has been with the Company since 2020, previously served as Head of Digital Experience, Innovation & Technology, Chief Experience Officer, and Deputy CMO. And finally, in July 2024, the Company hired Bradley S. Satenberg and appointed him Senior Executive Vice President and Deputy Chief Financial Officer. Mr. Satenberg joined the Company from Luther Burbank Corporation, where he was Chief Financial Officer of the bank. Mr. Satenberg has been taking on increasing responsibilities over the Finance Division as part of the Finance succession plan. As evidenced by the above, the Company has been able to not only attract senior executives at the highest level,