First Hawaiian Bank Chairman and CEO Bob Harrison’s total compensation in 2016 jumped 82 percent to $4.3 million as the company became publicly traded for the first time in 15 years.
More than a third of Harrison’s pay package came from $1.6 million in stock awards, according to a filing that parent company First Hawaiian Inc. made today with the Securities and Exchange Commission. First Hawaiian had its initial public offering in August.
Harrison, 56, received a pay package of $2.4 million in 2015.
The $4.3 million in total compensation ranks Harrison second among Hawaii CEOs at publicly traded companies behind Bank of Hawaii Corp.’s Peter Ho, who received $5 million last year. Matson Inc. CEO Matt Cox is just behind Harrison at $4.1 million.
Hawaii companies are still in the process of reporting the compensation of their top executive officers.