Form 4: Central Pacific Financial Corp Director Earl E Fry Reports Transaction

Director Earl E Fry reports acquisition and disposition of Central Pacific Financial Corp stock on May 14, 2024, according to a Form 4 filing.

Summary

• On May 14, 2024, Earl E Fry, a director of Central Pacific Financial Corp, filed a Form 4 with the SEC.
• The filing reports the acquisition of 3,348 shares of common stock at a price of $21.28 per share.
• The filing also reports the disposition of shares.
• Following the reported transactions, Mr. Fry directly owns 11,645 shares and indirectly owns 49,654 shares through the Fry Family Trust Dtd 10/5/07.
• The acquisition of shares was related to 2024 BOD Fees (covering the period 5/1/24-4/30/25) issued in CPF Stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reports both acquisition and disposition of shares. The acquisition is related to board fees, which is a standard practice.

Positives

• The acquisition of shares by a director could be seen as a positive signal to the market.

Negatives

• The filing also reports the disposition of shares, which could be seen as a negative signal to the market.

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. It is important to monitor these filings to understand the sentiment and actions of key individuals within a company.

Stakeholder Impact

• The transaction may have a minor impact on shareholders' perception of the company.

Key Dates