Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 68

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 68
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 change in the actuarial present value of accumulated benefits under the Employees’ Retirement Plan of Bank of Hawai'i. Mr. Ho is the only NEO who is a participant of this plan, which was frozen at the end of 1995. For 2024, Mr. Ho’s pension value increased by $1,215 from the prior measurement date primarily due to the passage of time. There is also a small decrease due to the change in discount rate from 5.44% to 5.67% and a small increase due to the increase in the lump sum segment rates and lump sum mortality. Note, lump sums assumed to be paid 90% of the time when it is less than $25,000. For 2023, Mr. Ho’s pension value increased by $365 from the prior measurement date primarily due to the passage of time. There is also a small increase due to the change in discount rate from 5.51% to 5.44% and a small decrease due to the increase in the lump sum segment rates which reduces the lump that is payable. For 2022, Mr. Ho’s pension value declined by $5,602. For 2022, the decrease in value of the pension benefits from the prior measurement date is primarily due to the increase in the discount rate from 2.89% to 5.51%. Mr. Ho’s present value is further decreased due to the increase in the lump sum segment rates which reduces the lump sum payable, with lump sums assumed to be paid 90% of the time when it is less than $25,000. The Company has not provided above-market or preferential earnings on any nonqualified deferred compensation and, accordingly, no such amounts are reflected in this column. (6) The All Other Compensation Table that follows provides additional detail regarding the amounts in this column. (7) Mr. Shairson joined the Company in May 2023. His 2023 compensation includes a signing bonus, relocation allowance and other make-whole payments necessary to entice him to join the Company and forgo compensation opportunities at his previous employer. His 2024 cash bonus and stock award were part of the sign-on package he agreed to prior to joining the Company.

| BANK OF HAWAI'I  •  2025 PROXY STATEMENT | 61 |

| COMPENSATION DISCUSSION AND ANALYSIS |

All Other Com pensation Table The following table sets forth a breakdown of All Other Compensation paid to or earned by