Bank Of Hawaii Corporation · NYSE:BOH
Bank Of Hawaii — Proxy Contest (April 2026)
13 slides from Bank Of Hawaii's proxy contest presentation, Apr 15, 2026
Slide 1: Company and Compensation Plan Update, April 2026
4 Bank of Hawai'i Corporation | Bank of Hawai‘i Corporation Company and Compensation Plan Update April 2026
Slide 2: Executive Summary
Executive Summary AN Bank of Hawai‘ Corporation | We continue to be a top-performing bank in our unique marketplace Our pay program structure is sound — Since the 2024 redesign, we've received strong Say-on-Pay support 94% in 2024 and 95% in 2025) — Proxy advisors have raised no major concerns with
Slide 3: Business Overview
Business Overview 4h Bank of Hawai'i Market leader in a unique marketplace Corporation | ¢ Consistently recognized as one of the top public banks * Strong community recognition as Hawaii's top bank Best-in-Class Financial * One of the best employers nationally Institution ¢ Top quartile performance
Slide 4: Strong 2025 Performance
Strong 2025 Performance AN Bank of Hawai‘ $ in millions Corporation | Solid NIl and NIM Performance in 2025, Highlighted by an Exceptional 4Q25 $145 $136 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1024 2024 3Q24 4Q24 19025 2025 3025 4Q25 me Nil —o—NIM
Slide 5: Total Shareholder Return
Total Shareholder Return 4h Bank of Hawai'i Corporation | Strongly Outperforming KRX and the Broader Market in 2026 Following Our FY2025 Earnings Release, Reflecting Strong 2025 Performance mBBOH mKRX @S&P 500 15.4% 15.5% 15.41% 15.3% -0.9% 12/31/25 to 4/8/26 1231124 to 4/8/26 Source: S&P Capla
Slide 6: Pay Program Philosophy
Pay Program Philosophy /N Bank of Hawai‘ Corporation | Long-Term Value Creation — High-quality earnings and capital over short-term price movements Risk-Adjusted Performance — Reward for prudent decision-making and sustainable growth Alignment with Shareholder Interests — Prioritize long- over short
Slide 7: 2025 Metrics and Weightings
2025 Metrics and Weightings /N Bank of Hawai‘ Corporation | Penonmance Compensation Structure Wgt Catego Measurement gory stl LTI sTl LTI Profitability Bie Jaovsion Net Absolute 20% Revenue Asset Quality Non as loud Relative 20% Assets Financial Returns ROCE ROCE Relative 20% 70% Shareholder Total S
Slide 8: 2025 Pay Program
2025 Pay Program 4N Bank of Hawai‘ Corporation | Implemented Significant Pay Program Changes in 2023 to Strengthen Alignment With Shareholder Interests. Shareholder overwhelming supported these changes with say-on-pay results of 94% and 95% in 2024 and 2025, respectively * Executive Compensation Red
Slide 9: 2025 STI Performance
2025 STI Performance h Bank of Hawai'i Corporation | Performance Compensation Structure Payout Outstanding Profitability Pre-Provision Net Revenue (245% of budget) 250% Asset Quality Non-Performing Assets Ean 250% Financial Returns ROCE 1 Ren 250% Strategic Measure Customer Experience* ae 250% Indiv
Slide 10: Impact of Proxy Advisor Methodology Change - CEO
mpact of Proxy Advisor /N Bank of Hawai‘ Methodology Change - CEO Corporation | $8,000 $7,000 $6,000 35,000 $4,000 $3,000 $2,000 $1,000 $0 BOH's pay has trended downward since 2023 and is projected to be lower in 2026 ISS and Glass Lewis have extended their lookback period from three to five years A
Slide 11: Impact of Proxy Advisor Methodology Change - NEOs
Impact of Proxy Advisor /N Bank of Hawai‘ Methodology Change - NEOs Corporation | This methodology change artificially inflates reported pay for the other NEOs by roughly 35%, which likewise is not reflective of current practices The expanded lookback captures 2021-2022 historical LTI grant practice
Slide 12: CEO Tenure
CEO Tenure AN Bank of Hawai'i Corporation | Peter Ho’s 16-year tenure as CEO exceeds the 75th percentile of the peer group, supporting BOH’s compensation positioning relative to peers. CEO Tenure relative to peers My (Years as CEO) , 16 BOH is above 14 the 75!" percentile 8 a 25th percentile Median
Slide 13: Succession Summary
Succession Summary 4h Bank of Hawai‘ Corporation | In 2023 the Board launched a succession process that culminated in the recent retirement of Peter Ho and the appointment of James Polk as CEO o Peter Ho completed a sixteen-year tenure as Chairman and CEO and was replaced by former President and Chi