Form 4: Director Scilacci Reports Stock Grant and Dividend Reinvestment
Statement of Changes in Beneficial Ownership
W. James Scilacci, a Director at Hawaiian Electric Industries Inc., reported a stock grant and shares acquired through a dividend reinvestment plan.
Summary
- W. James Scilacci, a Director of Hawaiian Electric Industries Inc. (HEI), has filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The filing indicates the acquisition of 9,238 shares of common stock on June 30, 2026, as a stock grant under the HEI 2011 Nonemployee Director Stock Plan.
- Additionally, the filing notes the inclusion of 35,723 shares acquired through the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.
- The transaction date for these acquisitions is listed as June 30, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine stock grants and dividend reinvestment by a director, which are common and do not inherently signal a significant change in company prospects.
Positives
- Director W. James Scilacci received a stock grant of 9,238 shares, aligning his interests with shareholders.
- The acquisition of 35,723 shares through the Dividend Reinvestment and Stock Purchase Plan demonstrates continued investment in the company by a key insider.
Future Outlook
This filing pertains to past transactions and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. These filings are crucial for investors seeking to understand insider sentiment and potential shifts in beneficial ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | W. James Scilacci has granted power of attorney to Kurt K. Murao, Liann Y. Ebesugawa, and Sean K. Clark to execute and file Section 16 reports (Forms 3, 4, and 5) on his behalf. | 06/25/2026 | Standard procedure to facilitate timely and accurate SEC filings for directors and officers. |
Stakeholder Impact
- Shareholders: The stock grant and dividend reinvestment by a director can be viewed positively as it aligns insider interests with those of shareholders and indicates continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 06/25/2026 | Date of execution for the Power of Attorney document. |
| 06/30/2026 | Earliest transaction date reported in the Form 4, representing the stock grant and shares acquired via dividend reinvestment. |
| 07/02/2026 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Grant, Dividend Reinvestment, Beneficial Ownership, Hawaiian Electric Industries, HEI, Director
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