HAWAIIAN ELECTRIC INDUSTRIES INC 4
4 · HAWAIIAN ELECTRIC INDUSTRIES INC · Filed Feb 9, 2016
Insider Transaction Report
Form 4
Ajello James A
Sr Fin VP, Treasurer & CFO
Transactions
- Award
Common Stock
2016-02-05+9,108→ 100,478 total - Award
Common Stock
2016-02-05+9,645→ 91,370 total
Footnotes (3)
- [F1]Grant of 9,645 restricted stock units on February 5, 2016. Each restricted stock unit represents a contingent right to receive one share of HEI common stock. The restricted stock units will vest in annual installments over four years.
- [F2]Includes accrued dividend equivalents (as denominated in shares of HE common stock). Dividend equivalents accrue with respect to outstanding RSUs when and as dividends are paid on HE stock. Beginning with RSUs granted in 2012, accrued dividend equivalents are denominated in HE common stock and paid upon vesting in shares of HE common stock. This number includes accrued dividend equivalents (as denominated in shares of HE common stock) from February 3, 2012 (first RSU grants in 2012) to date.
- [F3]Shares awarded under the Company's Long-Term Incentive Plan for 2013-2015 performance period.