Form 4: Central Pacific Financial Corp Director Crystal Rose Reports Acquisition of Shares as Board Fees

Director Crystal Rose reports acquisition of Central Pacific Financial Corp shares representing board fees via a Director's Deferred Compensation Plan.

Summary

• Crystal Rose, a director of Central Pacific Financial Corp, filed a Form 4 disclosing the acquisition of 2,807 shares of CPF common stock.
• These shares were issued as 2025 board fees and are held in the Director's Deferred Compensation Plan as phantom stock.
• Each phantom stock is equivalent to one share of common stock and will be payable in cash after the director's termination of service.
• The transaction occurred on May 15, 2025, with the shares acquired at a price of $27.6.
• Following the transaction, Ms. Rose beneficially owns 15,025 shares of CPF.
• The filing also includes a Power of Attorney, originally executed on July 1, 2015, authorizing certain individuals at Central Pacific Financial Corp to file SEC forms on Ms. Rose's behalf.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of shares by a director is generally viewed as a neutral to slightly positive signal.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements regarding 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 shareholders.

Comparison to Industry Standards

• Director compensation packages vary widely across the financial industry.
• Companies like Bank of Hawaii (BOH) and First Hawaiian, Inc. (FHB) also utilize stock-based compensation for their directors.
• The specific amount and structure of the compensation, including the use of deferred compensation plans, are determined by the board compensation committee and are influenced by factors such as company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates the director's investment in the company.

Key Dates

Keywords

Form 4, Central Pacific Financial Corp, Director, Crystal Rose, Share Acquisition, Board Fees, Phantom Stock, Deferred Compensation, CPF