Form 4: Central Pacific Financial Corp Director Agnes Ngo Reports Transaction

Director Agnes Ngo reports a transaction involving Central Pacific Financial Corp stock, executed under a 10b5-1 plan.

Summary

• Agnes Catherine Ngo, a director of Central Pacific Financial Corp, filed a Form 4 detailing a transaction.
• The transaction involved the sale of 3,333 shares of common stock at a weighted average price of $27.7066 per share on May 12, 2025.
• The sale was executed pursuant to a Rule 10b5-1 plan entered into on May 1, 2023.
• Following the transaction, Ngo directly owns 9,480 shares and indirectly owns 72,922 shares as co-trustee of the Hines & Ngo 2000 Family Trust, 5,886 shares through the CPB Foundation, and 2,714 shares through Robert Hines IRA.
• The filing also includes a Power of Attorney, originally executed on May 15, 2015, granting certain officers and designees of Central Pacific Financial Corp authority to file Forms 3, 4, and 5 on Ngo's behalf.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing is a standard disclosure of a stock transaction by a company director under a pre-arranged trading plan.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Form 4, Central Pacific Financial Corp, Agnes Ngo, Director, Stock Transaction, 10b5-1 Plan, Beneficial Ownership, Power of Attorney