Form 4: Central Pacific Financial Corp Director Paul Yonamine Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Paul Yonamine reports acquisition and disposal of Central Pacific Financial Corp stock, including shares acquired as board fees and vesting of performance and time-based restricted stock units.
Summary
- Paul Yonamine, a director of Central Pacific Financial Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report indicates the acquisition of 2,264 shares of common stock on May 15, 2025, at a price of $27.6 per share, attributed to 2025 Board of Director fees.
- The report also shows the disposal of 1,400 shares of common stock.
- Yonamine's beneficial ownership includes shares held directly and indirectly through the CPF Directors Deferred Compensation Plan.
- The filing also covers the vesting of performance-based stock units (PSUs) and restricted stock units (RSUs) from grants made in previous years.
- A power of attorney document is included, granting certain officers of Central Pacific Financial Corp authority to file Section 16 forms on Yonamine's behalf.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports routine transactions related to director compensation and vesting schedules. There are no explicit positive or negative statements about the company's performance or future prospects.
Positives
- The acquisition of shares as part of board fees demonstrates continued alignment with shareholder interests.
Negatives
- The disposal of 1,400 shares could be interpreted negatively, although the reason for disposal is not specified.
Risks
- None apparent from this document.
Future Outlook
No forward-looking statements are included in this document.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is specific to an individual director's transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 6/27/2017 | Date of execution of the Power of Attorney. |
| 2/15/2019 | Date of PSU and RSU grants. |
| 2/18/2020 | Date of RSU Time-Based Grant. |
| 2/16/2021 | Date of PSU and RSU grants. |
| 2/15/2022 | Date of PSU and RSU grants. |
| 2/15/2022 | PSU Grant that cliff vests on 2/15/2025 based on 2024 year-end performance results/approval. |
| 05/15/2025 | Date of transaction: Acquisition of common stock as BOD fees. |
| 05/16/2025 | Date of signature on the Form 4. |
| 4/30/2026 | End date of the period covered by the 2025 BOD Fees. |
Keywords
Form 4, beneficial ownership, Central Pacific Financial Corp, director, stock, Yonamine, CPF, PSU, RSU, vesting
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