Bank Of Hawaii Corp. (BOH) has provided an announcement.
The Human Resources and Compensation Committee of a company has approved salary increases and performance-based bonuses for their top executives in alignment with their pay-for-performance philosophy. The executives, including the CEO and CFO, will receive substantial bonuses and base salary hikes for 2023, with awards tied to specific performance goals. Additionally, they granted performance-based Restricted Stock Unit Grants to these executives, providing them with a direct stake in the company’s future success. The financial incentives are structured to ensure that executive goals are consistent with the company’s strategy, operational performance, and shareholder interests.
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