HEI monetizes 30% of ASB stake for $29.5M to fund Maui wildfire settlement

HAWAIIAN ELECTRIC INDUSTRIES INC

Sold ~2.0M ASB (NYSE: ASBH) shares on Sept 16, 2026 for $29.5M net proceeds.
Underwriters exercised option on Sept 21 for 293,904 extra shares, adding $4.4M net to HEI.
Remaining 6.4% stake valued at ~$73.5M based on $17.57 close on Sept 18, 2026.
Proceeds will reduce future capital raises needed for remaining Maui wildfire settlement payments.

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