Form 4: Central Pacific Financial Corp Executive Vice President Reports Transaction in Company Stock

Diane Murakami, EVP of Central Pacific Financial Corp, reports a transaction involving company stock related to an RSU grant and tax obligations.

Summary

• On May 15, 2024, Diane Murakami, EVP of Central Pacific Financial Corp, reported a transaction involving the company's common stock.
• The transaction involved the disposition of 344 shares at a price of $21.29 per share to cover taxes on vested shares from a May 2020 RSU grant.
• The report also details Ms. Murakami's holdings of common stock from previous RSU grants dating back to January 1, 2023.
• Ms. Murakami also has holdings from RSU grants from 2/15/23, 2/15/24, 2/15/22 and 6/1/20.
• A power of attorney document is included, authorizing Stacey L. Rocha to act on Ms. Murakami's behalf in matters related to SEC filings.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and RSU grants are typical compensation components for executives in the financial services industry.
• Comparable companies such as Bank of Hawaii Corporation (BOH) and First Hawaiian, Inc. (FHB) also have similar insider transaction reporting requirements.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive stock ownership.

Key Dates