Form 4: Central Pacific Financial Corp Director Acquires Shares as Part of Board Compensation

Director Jonathan B. Kindred acquired 2,717 shares of Central Pacific Financial Corp. (CPF) common stock as part of his 2025 board fees.

Summary

• On May 15, 2025, Jonathan B. Kindred, a director of Central Pacific Financial Corp. (CPF), acquired 2,717 shares of common stock.
• The acquisition was part of the 2025 Board of Director fees, covering the period from May 1, 2025, to April 30, 2026.
• The shares were acquired at a price of $27.6 per share.
• Following the transaction, Kindred directly owns 13,950 shares of CPF.

Sentiment

Score: 7

Explanation: The document indicates a routine transaction related to director compensation, which is generally viewed as a neutral to slightly positive signal as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.

Industry Context

Directors receiving stock as part of their compensation is a common practice in the financial industry, aligning their interests with those of the shareholders.

Comparison to Industry Standards

• Stock-based compensation for board members is a common practice among publicly traded companies, particularly in the financial sector.
• Companies like Bank of Hawaii (BOH) and First Hawaiian, Inc. (FHB) also utilize stock grants as part of their director compensation packages.
• The amount of stock granted to directors varies based on company size, performance, and industry standards.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Central Pacific Financial Corp, Director, Share Acquisition, Board Fees, Common Stock, CPF, Form 4