Form 4: Crystal Rose CPF Director Stock Acquisition

Director Crystal Rose acquired 1,857 shares of Central Pacific Financial Corp. via the Director's Deferred Compensation Plan.

Summary

• Director Crystal Rose acquired 1,857 shares of Central Pacific Financial Corp. (CPF) common stock.
• The transaction occurred on May 15, 2026.
• The shares were issued as part of the 2026 Board of Directors fees.
• The acquisition price was $33.65 per share.
• Following this transaction, the director holds a total of 16,882 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Demonstrates alignment of interest between the director and shareholders through equity-based compensation.
• The director continues to maintain a significant long-term stake in the company.

Negatives

• None identified; this is a standard administrative filing for director compensation.

Risks

• The value of the phantom stock is tied to the performance of CPF common stock, exposing the director to market volatility.

Future Outlook

The shares are held in a deferred compensation plan and become payable in cash only after the director's termination of service, indicating a long-term commitment to the company.

Management Comments

• The 2026 Board fees were approved by the Board Compensation Committee in October 2025.

Industry Context

StockSavvy.ai notes that it is standard practice for regional banking institutions to compensate board members with equity or phantom stock to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The use of deferred compensation plans for director fees is consistent with corporate governance practices at peer regional banks such as Bank of Hawaii or First Hawaiian Bank.

Stakeholder Impact

• Positive signal to shareholders regarding director commitment to the company's long-term performance.

Next Steps

• No further actions required by the reporting person regarding this specific transaction.

Key Dates

Keywords

Central Pacific Financial, CPF, Director Compensation, Insider Transaction, Form 4, Equity Ownership