Form 4: Central Pacific Financial Corp Director Paloma Acquires Shares as Part of Board Compensation
SEC Form 4 Filing
Director Diane S.L. Paloma acquired 2,264 shares of Central Pacific Financial Corp (CPF) common stock on May 15, 2025, as part of her board compensation.
Summary
- On May 15, 2025, Diane S.L. Paloma, a director of Central Pacific Financial Corp (CPF), acquired 2,264 shares of common stock at a price of $27.6 per share.
- This acquisition was part of the 2025 Board of Directors 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, Paloma directly owns 2,790 shares of CPF common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects a director increasing their stake in the company, which is generally seen as a sign of confidence. The transaction is part of a pre-determined compensation plan, reducing the impact of the news.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
Director stock ownership is a common practice in publicly traded companies, often used to align the interests of directors with those of shareholders.
Stakeholder Impact
- The acquisition of shares by a director can positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 1/14/2025 | Date of Power of Attorney execution by Diane Paloma. |
| October 2024 | Board Compensation Committee approved the 2025 board fees. |
| 05/01/2025 | Start date of the period covered by the 2025 BOD fees. |
| 05/15/2025 | Date of the stock acquisition transaction. |
| 05/16/2025 | Date of signature on the Form 4 filing. |
| 04/30/2026 | End date of the period covered by the 2025 BOD fees. |
Keywords
Central Pacific Financial Corp, Director, Diane S.L. Paloma, Stock Acquisition, Board Compensation, CPF, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.