Form 4: Central Pacific Financial Corp Director Paul Kosasa Acquires Shares as Part of Board Compensation

Director Paul Kosasa acquired 2,536 shares of Central Pacific Financial Corp stock at $27.60 per share as part of his board compensation.

Summary

• Paul Kosasa, a director of Central Pacific Financial Corp, acquired 2,536 shares of common stock on May 15, 2025.
• The shares were acquired at a price of $27.60 per share.
• This acquisition was part of the 2025 Board of Directors fees, covering the period from May 1, 2025, to April 30, 2026.
• Following the transaction, Mr. Kosasa directly owns 72,712 shares of Central Pacific Financial Corp stock.
• Mr. Kosasa also indirectly owns 923 shares jointly with Lisa C Kosasa.

Sentiment

Score: 7

Explanation: Routine transaction reflecting standard board compensation; indicates confidence but not a major market-moving event.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.

Industry Context

This type of transaction is common for directors receiving stock as part of their compensation.

Comparison to Industry Standards

• Director compensation packages often include stock options or grants to align their interests with shareholders.
• The amount of stock granted is typical for board compensation at similar sized financial institutions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence due to director's increased stake in the company.

Key Dates

Keywords

Central Pacific Financial Corp, Director, Paul Kosasa, Stock Acquisition, Board Compensation, CPF, Form 4