Peter Ho, chairman, president and CEO of Bank of Hawaii, received a pay package last year worth $5.2 million, putting him in position to be one of the top two highest-paid executives at a publicly traded company in the state.

Ho’s total compensation was down 34 percent from the $7.9 million he received in 2014 when he topped all Hawaii CEOs.

Publicly traded companies typically file documents during the spring with the U.S. Securities and Exchange Commission that detail compensation for their top executives and directors.

Hawaiian Electric Industries Inc., whose potential $4.3 billion sale to Florida-based NextEra Energy Inc. is under scrutiny by the state Public Utilities Commission, has not yet disclosed the compensation for President and CEO Connie Lau, who in 2014 received $5.6 million to rank second on the list. Lau had topped the list of highest-paid Hawaii CEOs for three years in a row before Ho overtook her in 2014.

The biggest difference in the two years for Ho was the amount he received in stock awards. He received $2.3 million in 2015, which was less than half of the $5.7 million in stock awards he received in 2014.

Ho’s base salary in 2015 was $776,077, down 2.3 percent from $794,424 in 2014. His total compensation for 2015 also included just under $2 million in non-equity incentive plan compensation and $150,563 in all other compensation.

Matson Inc. reported earlier this week that President and CEO Matt Cox’s total compensation in 2015 rose 9.3 percent to $4.4 million from $4.1 million in 2014 when he ranked third overall among highest-paid executives.