Constance H. Lau is the CEO of Hawaiian Electric Industries (HEI), a position she has held since May 2, 2006. Before becoming CEO, she worked her way up through the ranks, starting at Hawaiian Electric Company in 1984. She became...

Constance H. Lau is the CEO of Hawaiian Electric Industries (HEI), a position she has held since May 2, 2006. Before becoming CEO, she worked her way up through the ranks, starting at Hawaiian Electric Company in 1984. She became the president and CEO of HEI's bank subsidiary, American Savings Bank, which gave her valuable experience in finance. Lau is known for her focus on performance-based pay; in 2021, her total compensation hit around $5 million, which included a large bonus based on achieving company goals. Notably, she has a significant pension plan worth over $12 million, showcasing her long-term commitment to the company and its management strategies. Under her leadership, HEI has worked towards improving customer satisfaction and advancing sustainability initiatives. Her strategic moves in aligning company objectives with executive compensation have positioned HEI for stability and growth, while her involvement in the board of Alexander & Baldwin, Inc. indicates her influence beyond just electric services.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Hawaiian Electric Industries CEOs

H

Constance H. Lau

Ex-CEO of Hawaiian Electric Industries

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Utilities

Born

January 1, 1968 - 57 years ago

CEO of Hawaiian Electric Industries for

15 years 7 months (May 2006 - Jan 2022)

Previous Experience

President and CEO of ASB; various officer and director positions throughout HEI companies.

Rivals

Competitors/colleagues of Constance H. Lau

Holdings

See how much did Constance H. Lau make over time.

Constance Lau's holdings reflect a long-term commitment to her company. She has cultivated significant equity in Hawaiian Electric Industries, with vested stock values peaking at over $2.5 million in 2021 from performance-based equity plans. While her recent years have leaned...

Constance Lau's holdings reflect a long-term commitment to her company. She has cultivated significant equity in Hawaiian Electric Industries, with vested stock values peaking at over $2.5 million in 2021 from performance-based equity plans. While her recent years have leaned towards cash compensation, her past stock awards reveal her alignment with company performance. For instance, she had about $2.3 million in stock value realized during 2019, demonstrating her vested interest in HEI's success. As of 2022, her assets have taken a turn, focusing on cash bonuses rather than stock, highlighting her strategic shift in wealth realization as market conditions evolve. This kind of dynamic ownership strategy emphasizes both her commitment to share value and a keen understanding of market trends.

Total Stock Sold

$4.45M

MATX

$421.88K

8,082 MATX shares

HE

$4.03M

133,629.437 HE shares

What if they kept their stock?

If Constance H. Lau didn't sell their stock, today they would have:
Extra MATX8,082 shares worth $219.26K and HE133,629.437 shares worth $4.88M.
This is 14.69% and $653.24K more than what they got when they sold the stock.

Charitable Transactions

HE

170,851 shares

HE

Recent Charitable Transactions

HE

15,495 shares

HE

Feb 8, 2019

Charity

HE

12,903 shares

HE

Feb 9, 2018

Charity

HE

37,776 shares

HE

Feb 10, 2017

Charity

HE

31,448 shares

HE

Feb 11, 2016

Charity

HE

4,551 shares

HE

Mar 11, 2015

Charity

HE

31,139 shares

HE

Feb 6, 2015

Charity

Insider Trading

See recent insider trades of Constance H. Lau.

MATX

1,185 shares

MATX

Apr 25, 2024

Received

MATX

2,032 shares

MATX

Apr 27, 2023

Received

MATX

1,295 shares

MATX

Apr 28, 2022

Received

HE

$1.46M

HE at $41.84/share

Dec 14, 2021

Sale

MATX

1,706 shares

MATX

Apr 22, 2021

Received

HE

6,450 shares

HE

Feb 19, 2021

Received

HE

21,079 shares

HE

Feb 9, 2021

Received

MATX

3,664 shares

MATX

Apr 23, 2020

Received

HE

49,895 shares

HE

Feb 14, 2020

Received

HE

14,804 shares

HE

Feb 11, 2020

Received

Compensation History

See how much did Constance H. Lau make over time.

In 2022, Constance Lau's total compensation was $540,000, which included a base salary of $450,000 and a performance bonus of $75,000, reflecting her focus on hitting financial goals. Her compensation is structured around performance, which means she gets paid based on how well the company does. For instance, in previous years, her compensation soared to about $5 million in 2021, driven heavily by stock vesting and bonuses due to strong financial performances. The approach to compensation they emphasize is designed to keep executives focused not just on short-term profits but also on creating lasting value for shareholders. This strategy supports a motivated leadership team keen on long-term growth for HEI.

Year

2022

Total Compensation

$540.00K

Salary

$450.00K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive interests with those of shareholders and ensuring competitive compensation to attract and retain top talent.

Bonus

$75.00K

Board Justification

Annual performance-based cash bonus based on achieving pre-set performance goals for the year, with a target opportunity of 75% of base salary.

Other

$15.00K

Board Justification

Other compensation includes contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2022 as the focus was on performance-based cash incentives.

Performance Metrics

Performance metrics for 2022 included financial targets related to net income growth, customer satisfaction, and progress on sustainability initiatives.

Other Hawaiian Electric Industries CEOs

Here are other CEOs of Hawaiian Electric Industries

Robert F. Clarke

Ex-CEO of Hawaiian Electric Industries

January 1991 - May 2006

Scott W. H. Seu

CEO of Hawaiian Electric Industries

January 2022 - Present