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

Director Robert Nobriga acquired 2,264 shares of Central Pacific Financial Corp (CPF) at $27.60 per share on May 15, 2025, as part of his 2025 board fees.

Summary

• On May 15, 2025, Robert Nobriga, a director of Central Pacific Financial Corp (CPF), acquired 2,264 shares of common stock at a price of $27.60 per share.
• This acquisition was part of the 2025 Board of Director fees, covering the period from May 1, 2025, to April 30, 2026.
• The Board Compensation Committee approved these fees in October 2024.
• Following the transaction, Nobriga directly owns 6,277 shares of CPF common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares as part of their compensation suggests confidence in the company, but it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

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

• Many financial institutions compensate board members with a mix of cash and stock.
• The specific amount and vesting schedules vary based on company size, performance, and industry norms.
• Comparing Central Pacific Financial Corp's director compensation structure with peers like Bank of Hawaii or First Hawaiian Bank would provide a better understanding of its competitiveness.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Central Pacific Financial Corp, Director, Share Acquisition, Board Fees, CPF, Robert Nobriga, Stock, Ownership