Form 4: Central Pacific Financial Corp Director Saedene Ota Reports Acquisition of Shares as Part of Deferred Compensation Plan

Director Saedene Ota reports acquisition of Central Pacific Financial Corp shares through a deferred compensation plan.

Summary

• Saedene K. Ota, a director of Central Pacific Financial Corp, filed a Form 4 disclosing a transaction on May 15, 2025.
• The transaction involved the acquisition of 2,581 shares of CPF common stock.
• These shares were issued as part of the 2025 Board of Director fees, covering the period from May 1, 2025, to April 30, 2026.
• The shares are held in the Director's Deferred Compensation Plan as phantom stock, with each phantom stock equivalent to one share of common stock.
• The price of the shares was $27.6.
• Following the reported transaction, Ms. Ota beneficially owns 13,814 shares.
• A power of attorney document is included, granting certain officers of Central Pacific Financial Corp authority to file forms on Ms. Ota's behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. There are no indications of significant positive or negative implications.

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 shares of phantom stock become payable in cash after the Director's termination of service.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. Directors often receive compensation in the form of company stock, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Form 4, Central Pacific Financial Corp, Director, Saedene Ota, Share Acquisition, Deferred Compensation, Phantom Stock, CPF