Bank of Hawaii CEO Peter Ho's 2021 pay jumps 73% to $7.3M
Bank of Hawaii reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
Bank of Hawaii reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, five executives at Bank of Hawaii received on average a compensation package of $4M, a 107% increase compared to previous year.
Average pay of disclosed executives at Bank of Hawaii
Peter S. Ho, Chief Executive Officer, received $7.3M in total, which increased by 73% compared to 2020. 57% of Ho's compensation, or $4.2M, was in stock awards. Ho also received $2.2M in non-equity incentive plan, $860K in salary, as well as $118K in other compensation.
For fiscal year 2021, the median employee pay was $66,230 at Bank of Hawaii. Therefore, the ratio of Peter S. Ho's pay to the median employee pay was 111 to one.
Mary E. Sellers, Vice Chair, Chief Risk Officer, received a compensation package of $3.6M, which increased by 151% compared to previous year. 69% of the compensation package, or $2.5M, was in stock awards.
Dean Y. Shigemura, Chief Financial Officer, earned $3.1M in 2021, a 116% increase compared to previous year.
James C. Polk, Vice Chair, Chief Commercial Officer, received $3.1M in 2021, which increases by 116% compared to 2020.
Sharon M. Crofts, Vice Chair, Client Solutions Group, earned $2.8M in 2021, a 119% increase compared to previous year.
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Source: SEC filing on March 18, 2022.