HEI Nonemployee Directors Compensation Schedule Effective January 1, 2017

Summary

This schedule outlines the compensation for nonemployee directors of Hawaiian Electric Industries, Inc. (HEI), American Savings Bank (ASB), and Hawaiian Electric Company (HECO), effective January 1, 2017. It details annual cash retainers, extra meeting fees, and annual equity grants for board and committee service. Compensation varies by role and board, with additional payments for committee chairs and members, and for attending extra meetings. New directors receive prorated equity grants. For directors serving on multiple boards, compensation is allocated proportionally among the companies.

EX-10.14 2 heiexhibit1014201610k.htm EXHIBIT 10.14 Exhibit

HEI Exhibit 10.14



Nonemployee Directors Compensation Schedule
Effective January 1, 2017

HEI Board - Annual Cash Retainers (paid quarterly)
HEI Chairman of the Board	$250,000
HEI Director	$75,000
HEI Audit Committee Chair	$15,000
HEI Audit Committee Member	$6,000
HEI Compensation Committee Chair	$15,000
HEI Compensation Committee Member	$6,000
HEI NCG Committee Chair	$10,000
HEI NCG Committee Member	$4,000
ASB Board - Annual Cash Retainers (paid quarterly) *
ASB Directors who are not also HEI Directors	$45,000
ASB Audit Committee Chair	$10,000
ASB Audit Committee Member	$4,000
ASB Risk Committee Chair	$10,000
ASB Risk Committee Member	$4,000
HECO Board - Annual Cash Retainers (paid quarterly) *
HECO Directors who are not also HEI Directors	$45,000
HECO Audit Committee Chair	$10,000
HECO Audit Committee Member	$4,000
Extra Meeting Fees (per additional meeting)
HEI Board Member	$1,500	(A)
HEI Audit Committee Member	$1,500	(B)
HEI Compensation Committee Member	$1,500	(C)
HEI NCG Committee Member	$1,500	(C)
HECO/ASB Board Member	$1,000	(A)
ASB Audit Committee Member	$1,000	(B)
HECO Audit Committee Member	$1,000	(C)
ASB Risk Committee Member	$1,000	(C)
(A) Earned per extra meeting, after attending 8 meetings during the calendar year
(B) Earned per extra meeting, after attending 10 meetings during the calendar year
(C) Earned per extra meeting, after attending 6 meetings during the calendar year

HEI, ASB and HECO Boards - Equity Compensation *
HEI Director - annual grant (paid on last business day of June)	shares valued at $100K
HECO and ASB only Directors - annual grant (last business day of June)	shares valued at $55K
New Directors (one-time grant during first year of service -- prorated)	portion of annual grant, prorated on start date

* For ASB and HECO directors who are also HEI directors, ASB and HECO pay
a pro rata portion of each such director's total compensation (cash and equity value).