Hawaiian Electric Industries Inc

1. 1

   Election of twelve directors to serve a one-year term expiring at the 2027 Annual Meeting of Shareholders

   ManagementBoard: FOR

   Elect twelve directors (six incumbent HEI directors and six current Hawaiian Electric directors) to serve one-year terms until the 2027 Annual Meeting, aligning HEI governance with its pure-play utility structure.

2. 2

   Advisory vote to approve the compensation for HEI’s named executive officers

   ManagementBoard: FOR

   A non-binding advisory (“say-on-pay”) vote asking shareholders to approve the Company’s named executive officer compensation as disclosed in the proxy statement.

   More detail

   This advisory proposal asks shareholders to approve, on a non-binding basis, the Company’s disclosed compensation program for its named executive officers. Management frames the vote as affirmation of a pay program designed around pay-for-performance principles with four main elements: base salary, annual performance-based incentives, long-term performance-based incentives, and long-term time-based incentives. The Compensation & Human Capital Management Committee emphasized metrics tied to resilience and safety (including wildfire mitigation, generation reliability, and system hardening) and a rebalancing in 2025 that temporarily shifted some awards from equity to cash to mitigate dilution during a period of stock volatility following the Maui wildfires. Notably, the committee linked portions of CEO and Utility CEO annual cash incentives to the timing of Maui tort settlement payments, making payouts contingent on settlement payment installments through 2029, which introduces an atypical timing and retention feature tied to litigation resolution. The committee uses independent compensation consultants, peer benchmarking, and risk assessments to justify program design and retains governance safeguards such as clawbacks, stock ownership requirements, and prohibitions on hedging and pledging. The vote is advisory and non-binding; however, management points to high prior support (approximately 94% in 2025) and commits to consider the vote outcome when making future compensation decisions. For investors evaluating the proposal, key considerations include the alignment of metrics with long-term utility resilience, the temporary shift to cash-based awards to address extraordinary stock volatility, the contingent payout structure tied to tort settlement timing, and the committee’s governance processes and disclosures supporting the recommendation to vote FOR the proposal.

3. 3

   Ratification of the appointment of Deloitte & Touche LLP as HEI’s independent registered public accounting firm for 2026

   ManagementBoard: FOR

   Ratify Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026.

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When is the Hawaiian Electric Industries Inc 2026 annual meeting?

Hawaiian Electric Industries Inc (HE) holds its 2026 annual shareholder meeting on Thursday, June 11, 2026.

What is the record date for the Hawaiian Electric Industries Inc 2026 meeting?

The record date for the Hawaiian Electric Industries Inc 2026 meeting is Monday, April 6, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Hawaiian Electric Industries Inc's 2026 meeting?

The board is presenting 12 director nominees at the Hawaiian Electric Industries Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Hawaiian Electric Industries Inc 2026 meeting?

Shareholders will vote on 3 proposals at the Hawaiian Electric Industries Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.