Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 69

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 69
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25,640 |     |             30,514 |     |                       78,016 |
|                     |     | 2022 |     |                                               12,200 |     |                 8,347 |     |                            13,483 |     | —                                                  |     | —                                      |     |                                       25,498 |     |                  — |     |                       59,528 |

(1) This column represents the Company match of an individual’s salary deferral contributions to the RSP, a qualified defined contribution pension plan, subject to the Internal Revenue Code prescribed limit (which in 2024 was limited to $345,000 of eligible compensation), and is available to all eligible employees. The Company makes a matching contribution of $1.25 for each dollar of employee contribution up to 2% of eligible compensation, and a $0.50 matching contribution for every dollar of employee contribution above 2% and up to 5% of eligible compensation. (2) For 2024, the total profit-sharing funding, or “Value Sharing Funding,” equaled 1.00% of eligible compensation. The funding is allocated in the following manner and made available to all eligible employees: 1) a portion of the funding is allocated in cash, 2) to the extent permitted by IRS ($345,000 of eligible compensation in 2024) and RSP provisions, a portion is contributed to the RSP, and 3) any Value Sharing Funding on eligible compensation in excess of IRS limits are contributed to the Excess Benefit Plan (column 3). This column represents the sum of the cash portion and the portion contributed to the RSP. For 2024, the cash portion and the portion contributed to the RSP were $674 and $2,776 respectively, for each of the NEOs, other than Mr. Shairson who received a pro-rated contribution. (3) This column represents the Company’s Value Sharing Funding based on 1.00% of eligible compensation in excess of the Internal Revenue Code prescribed limit ($345,000 of eligible compensation in 2024) that is contributed to the Excess Benefit Plan, and is available to all eligible employees. Mr. Shairson was not eligible for any company contributions in 2023 and participated on a pro-rated basis in 2024. (4) A Special Fixed Bonus was paid in lieu of the Company Fixed Contribution to the RSP and the Excess Benefit Plan. The Special Fixed Bonus equaled