As a public company, we engaged actively with our stockholders through our annual stockholder outreach program and remained committed to robust stockholder engagement.

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In 2019, we contacted stockholders owning more than half of FHI's outstanding common stock to seek their input on governance and compensation matters



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Among other things, through these efforts, members of senior management engaged with various stockholders and have remained informed on corporate governance and compensation developments



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The Board implemented majority voting in time for this upcoming Annual Meeting, consistent with feedback from stockholders

              Stockholders have viewed our outreach strategy favorably and we will continue to reach out on an annual basis.

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Executive Compensation Linked to Performance

              The following table summarizes the notable features of our 2019 executive compensation program, which were designed to align with "best practice" compensation governance.

Corporate Social Responsibility

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Strong record of sustainability, community engagement, cultural diversity and education and training



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Our Environmental, Social and Governance Report details our environmental, social and governance achievements and is updated annually



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During 2019, First Hawaiian Bank, its Foundation and 99% of its employees contributed approximately $4.25 million to more than 400 charities in the areas of education and financial literacy, health and human services and arts and culture



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In 2019, First Hawaiian Bank employees volunteered over 8,200 community service hours to assist non-profit organizations

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FREQUENTLY ASKED QUESTIONS

Why am I receiving these materials?

              We are providing these proxy materials to you in connection with the solicitation, by the Board of Directors of First Hawaiian, Inc., of proxies to be voted at the Annual Meeting. You are receiving this Proxy Statement because you were a First Hawaiian, Inc. stockholder as of the close of business on February 28, 2020, the record date for the Annual Meeting. This Proxy Statement provides notice of the Annual Meeting, describes the proposals presented for stockholder action and includes information required to be disclosed to stockholders.

When and where is the Annual Meeting?

              The Annual Meeting will be held on Wednesday, April 22, 2020 at 8:00 a.m., local time, at The Bankers Club, 999 Bishop Street, 30^th Floor, Honolulu, Hawaii 96813. For directions to the Annual Meeting of Stockholders, please call our Investor Relations department at (808) 525 – 8816.

What matters will be submitted to stockholders at the Annual Meeting?

              At the Annual Meeting, you will be asked to vote on each of the following matters:

Who may vote at the Annual Meeting?

              Only record holders of our common stock as of the close of business on February 28, 2020 (the "Record Date"), will be entitled to vote at the Annual Meeting. On the Record Date, the Company had outstanding 130,350,725 shares of common stock. Each outstanding share of common stock entitles the holder to one vote on each matter to be voted upon at the Annual Meeting.

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How are votes counted and what is the required vote for each proposal?

              As of February 28, 2020, the Record Date, there were 130,350,725 shares of our common stock outstanding, each of which entitles the holder to one vote for each matter to be voted upon at our Annual Meeting.

              Shares of capital stock of the Company (i) belonging to the Company or (ii) held by another corporation if the Company owns, directly or indirectly, a sufficient number of shares entitled to elect a majority of the directors of such other corporation, are not counted in determining the total number of outstanding shares and will not be voted. Notwithstanding the foregoing, shares held by the Company in a fiduciary capacity are counted in determining the total number of outstanding shares at any given time and may be voted.

Proposal 1: Election of Directors

              The affirmative vote of a majority of the votes cast is required for the election of directors in an uncontested election, such as the election of directors at the 2020 Annual Meeting. This means that the number of votes cast "FOR" a director nominee must exceed the number of votes cast "AGAINST" that nominee. Abstentions and broker non-votes are not counted as votes "for" or "against" a director nominee. Any nominee who does not receive a majority of votes cast "for" his or her election would be required to tender his or her resignation promptly following the failure to receive the required vote. Within 90 days of the certification of the shareholder vote, the Corporate Governance and Nominating Committee would then be required to make a recommendation to the Board as to whether the Board should accept the resignation, and the Board would be required to decide whether to accept the resignation and disclose its decision-making process. In a contested election, the required vote would be a plurality of votes cast. Full details of this policy are set forth in our Corporate Governance Guidelines, which can be found on the investor relations tab of our website located at http://www.fhb.com.

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Proposal 2: Ratification of the Appointment of Deloitte & Touche LLP

              The affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on Proposal 2 is required for the ratification of the appointment of our independent registered public accounting firm. Abstentions will have the effect of voting against this proposal.

Proposal 3: Advisory Vote on the Compensation of Our Named Executive Officers

              The affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on Proposal 3 is required for the approval, on an advisory basis, of the compensation of our named executive officers as disclosed in this Proxy Statement. The results of the vote on the proposal are not binding on the Board of Directors. Abstentions will have the effect of voting against this proposal. Broker non-votes will have no effect on the outcome of this proposal.

What are the Board's recommendations as to how I should vote on each proposal?

              The Board recommends a vote:

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"FOR" the election of each of the seven director nominees named in this Proxy Statement;



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"FOR" the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2020; and



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"FOR" the resolution approving the compensation of the Company's named executive officers as disclosed in this Proxy Statement.

How do I submit my vote?

              If you are a stockholder of record, you can vote by:

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attending the Annual Meeting and voting by ballot;



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signing, dating and mailing inHave your proxy card;



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using your telephone, according tocard available and follow the instructions on your proxy card; orinstructions.