Banking
Bank of Hawaii Executive Compensation (FY25)
BOH · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): April 28, 2026
236 figures on this page: 225 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Peter Ho, Chairman of the Board of Directors and Chief Executive Officer, received $6,016,006 in total compensation for fiscal 2025, and compared with the $4,285,301 reported for fiscal 2024, Ho's total was 40.4% higher. The disclosed chief executive pay ratio for fiscal 2025 is 77:1, against median employee compensation of $78,614. For fiscal 2025, shareholders backed the say-on-pay proposal with 59.8% of votes cast for or against in favor at the meeting held April 24, 2026. Companies named in the disclosed peer group include Associated Banc-Corp, Banner Corporation, BOK Financial Corporation, Cathay General Bancorp and Commerce Bancshares, Inc., among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Ho: $4,285,301 → $6,016,006 (40.4% higher)
Say-on-pay support: 96.7% → 59.8% (36.9 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Bank of Hawaii's chief executive and what were they paid?
Peter Ho, Chairman of the Board of Directors and Chief Executive Officer, received $6,016,006 in total compensation for fiscal 2025. Compared with the $4,285,301 reported for fiscal 2024, Ho's total was 40.4% higher.
What was Bank of Hawaii's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 59.8% of votes cast for or against in favor at the meeting held April 24, 2026.
Which companies are in Bank of Hawaii's peer group?
Companies named in the disclosed peer group include Associated Banc-Corp, Banner Corporation, BOK Financial Corporation, Cathay General Bancorp and Commerce Bancshares, Inc., among others.
What is Bank of Hawaii's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 77:1, against median employee compensation of $78,614.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Ho Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Polk Vice Chairman and Chief Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Dean Shigemura Vice Chairman and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Ho Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
S. Bradley Shairson Vice Chair and Chief Risk Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Dean Shigemura Vice Chairman and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Ho Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
S. Bradley Shairson Vice Chair and Chief Risk Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James C. Polk President and Chief Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Dean Shigemura Vice Chairman and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Patrick McGuirk Vice Chairman, General Counsel and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Ho Chairman of the Board of Directors and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
S. Bradley Shairson Vice Chair and Chief Risk Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Patrick McGuirk Vice Chair and Chief Administrative Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Bradley Satenberg Vice Chair and Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Dean Shigemura Former Vice Chair and Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Bradley S. Satenberg | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| Dean Y. Shigemura | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Marco A. Abbruzzese | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Marco A. Abbruzzese | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Patrick M. McGuirk | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Patrick M. McGuirk | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Peter S. Ho | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| S. Bradley Shairson | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| S. Bradley Shairson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Patrick McGuirk | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| S. Shairson | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Peter Ho | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Bradley Satenberg | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Dean Shigemura | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Raymond P. Vara, Jr Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Victor K. Nichols | ◇ | ◇ | — | — | — | — | ◇ |
Alicia E. Moy | ◇ | ◇ | — | — | — | — | ◇ |
John C. Erickson | ◇ | ◇ | — | — | — | — | ◇ |
Robert W. Wo | ◇ | ◇ | — | — | — | — | ◇ |
Michelle E. Hulst | ◇ | ◇ | — | — | — | — | ◇ |
Kent T. Lucien | ◇ | ◇ | — | — | — | — | ◇ |
Elliot K. Mills | ◇ | ◇ | — | — | — | — | ◇ |
Joshua D. Feldman | ◇ | ◇ | — | — | — | — | ◇ |
Suzanne P. Vares-Lum | ◇ | ◇ | — | — | — | — | ◇ |
Dana M. Tokioka | ◇ | ◇ | — | — | — | — | ◇ |
James C. Polk and Peter S. Ho served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Associated Banc-Corp ASB
- Banner Corporation BANR
- BOK Financial Corporation BOKF
- Cathay General Bancorp CATY
- Commerce Bancshares, Inc. CBSH
- Community Financial System, Inc. CBU
- CVB Financial Corp. CVBF
- First Financial Bancorp. FFBC
- First Hawaiian, Inc. FHB
- Fulton Financial Corporation FULT
- Glacier Bancorp, Inc. GBCI
- Hancock Whitney Corporation HWC
- Home Bancshares, Inc. HOMB
- International Bancshares Corporation IBOC
- Old National Bancorp ONB
- Pacific Premier Bancorp, Inc. PPBI
- PacWest Bancorp PACW
- Prosperity Bancshares, Inc. PB
- Renasant Corporation RNST
- Texas Capital Bancshares, Inc. TCBI
- Trustmark Corporation TRMK
- UMB Financial Corporation UMBF
- United Bankshares, Inc. UBSI
- WaFd, Inc. WAFD
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 24, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 25, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 26, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 28, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 29, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 30, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 24, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 26, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 27, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 28, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 29, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Bank of Hawaii disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Bank of Hawaii sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Bank of Hawaii recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
236 figures on this page: 225 cited to the filing that reported them, 11 calculated from figures it prints.
225 cited to the filing
11 calculated from the filing
Documents cited
- 0000046195-26-000039
- 0000046195-26-000022CEO and Median Employee Compensation · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · and 2 more sections
- 0000950170-25-061194
- 0000950170-25-039381Summary Compensation Table
- 0000950170-24-051229
- 0000950170-24-032071Summary Compensation Table
- 0000950170-23-016404
- 0001564590-23-003859Summary Compensation Table
- 0001564590-22-017386
- 0001564590-21-023372
- 0000046195-20-000053
- 0000046195-19-000054
- 0000046195-18-000038
- 0000046195-17-000033
- 0000046195-16-000130
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Bank of Hawaii executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BOH (accessed 2026).
Short form: data: Velarion
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Peers Bank of Hawaii discloses
The companies named in BOH's own disclosed peer group.
Associated Banc-CorpBanner CorporationBOK Financial CorporationCathay General BancorpCommerce Bancshares, Inc.Community Financial System, Inc.CVB Financial Corp.First Financial Bancorp.First Hawaiian, Inc.Fulton Financial CorporationGlacier Bancorp, Inc.Hancock Whitney CorporationHome Bancshares, Inc.International Bancshares CorporationOld National BancorpProsperity Bancshares, Inc.Renasant CorporationTexas Capital Bancshares, Inc.Trustmark CorporationUMB Financial CorporationUnited Bankshares, Inc.WaFd, Inc.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}