Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 44

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 44
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 A participant’s deferred amounts are adjusted for appreciation or depreciation in value based on hypothetical investments in one or more mutual funds or in shares of Bank of Hawaii Corporation common stock, as may be directed by the participant. The Company’s obligations under the Directors’ Deferred Plan are payable from its general assets, although the Company has established a rabbi trust to assist it in meeting its liabilities under the plan. The assets of the trust are at all times subject to the claims of the Company’s general creditors. Ms. Hulst and Messrs. Lucien and Wo elected to defer all of their respective fees earned in 2024 through the Directors’ Deferred Plan. Mmes. Tokioka and Vares-Lum elected to defer all of their 2024 committee retainer fees only through the Directors’ Deferred Plan. Director Stock Ownership Guidelines The Board believes it is important to support an ownership culture for the Company’s directors, employees and shareholders. To ensure that linkage to shareholders occurs among the fiduciaries of the Company each non-management director is required to own a minimum amount of five times his or her annual cash retainer in Bank of Hawaii Corporation common stock. Directors are given five years from first joining the Board to achieve guideline levels of ownership. As of January 31, 2025, 10 of the 11 non-management directors standing for re-election have satisfied the ownership guidelines. The remaining director is expected to satisfy the ownership guidelines within the required five-year period.

| BANK OF HAWAI'I  •  2025 PROXY STATEMENT | 35 |

| PROPOSAL 1: ELECTION OF DIRECTORS |

Director Compensation The following table presents, for the year ended December 31, 2024, information on compensation earned by or awarded to each non-employee director who served on the Board of Directors during 2024. Mr. Ho did not receive any additional compensation for services provided as a director. Director Compensation Table

| Name                 |     |       Fees 
     Earned 
 or Paid in 
       Cash 
     ($)(1) |     |  Stock 
 Awards 
 ($)(2) |     | Option 
 Awards 
 ($)(3) |     | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)            |     | Change in          
 Pension Value      
 and Non- qualified 
 Deferred           
 Compensation       
 Earnings           
 ($)                |     | All Other        
 Compensation ($) |     |   Total 
     ($) |
| S. Haunani Apoliona  |     |