Bank of Hawaii Corp.’s Peter Ho, the highest-paid CEO of a publicly traded company in the state in 2014 and 2015, took a small cut in total compensation last year.
Ho, 51, received a pay package in 2016 worth just over $5 million, which was about 3 percent less than the $5.2 million he received a year earlier, according to a regulatory filing that the company made today with the Securities and Exchange Commission.
In 2014, he received $7.9 million, largely due to $5.7 million he received in stock awards that year. Ho’s stock awards in 2015 and 2016 were $2.3 million and $2.1 million, respectively.
Last year, Ho’s base salary increased slightly to $780,000 from $776,077 the year before.
Matson Inc. CEO Matt Cox, the second-highest-paid Hawaii CEO in 2015, also received slightly less in 2016 than he had the year before, according to an SEC filing Monday by the company. Cox, 55, received $4.1 million in 2016, down about 7 percent from the $4.4 million package he received in 2015. Cox’s base salary, though, increased to $725,591 from $665,372.
The SEC requires companies to list the compensation of their CEO, chief financial officer and the other three most highly compensated employees serving as executive officers at year-end. Companies typically release the information in March or April ahead of their annual shareholders’ meetings.
Hawaiian Airlines CEO Mark Dunkerley and Hawaiian Electric Industries CEO Connie Lau were the only other chief executives to exceed total compensation in 2015 of more than $2 million, but their companies have not released executive compensation information yet for 2016. Dunkerley and Lau received $3.3 million and $2.7 million, respectively, in 2015.