Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 77

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 77
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ese, James C. Polk, and Mary E. Sellers in 2022; Dean Y. Shigemura, Marco A. Abbruzzese, Matthew K.M. Emerson, and S. Bradley Shairson in 2023; and Dean Y. Shigemura, Patrick M. McGuirk, S. Bradley Shairson, and James C. Polk in 2024, as shown in the Summary Compensation Table for each respective year.

(3) Peer Group used for TSR comparisons reflects the S&P Supercomposite Regional Bank Index.

(4) Return-on-Common-Equity is generally defined as the net income available to common shareholders as a percent of average common equity.

| 70 | BANK OF HAWAI'I  •  2025 PROXY STATEMENT |

| COMPENSATION DISCUSSION AND ANALYSIS |

To calculate “compensation actually paid” for our CEO and other NEOs, the following adjustments were made to the Summary Compensation Table total pay.

|                                                                                                                                                         |     |    PEO ($) |     |            |     |            |     |            |     |            |     | Other NEO Average ($) |     |           |     |            |     |            |     |           |
| Adjustments (1)                                                                                                                                         |     |       2024 |     |       2023 |     |       2022 |     |       2021 |     |       2020 |     |                  2024 |     |      2023 |     |       2022 |     |       2021 |     |      2020 |
| Summary Compensation Table Total                                                                                                                        |     |  4,285,301 |     |  4,627,918 |     |  6,056,524 |     |  7,339,234 |     |  4,248,492 |     |             1,384,490 |     | 1,540,927 |     |  2,661,358 |     |  3,143,609 |     | 1,463,462 |
| Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table                                                                |     | -1,800,014 |     | -3,000,067 |     | -3,000,075 |     | -4,211,668 |     | -2,500,060 |     |              -442,514