Form 4: Director Diane Paloma Acquires CPF Shares
Statement of Changes in Beneficial Ownership
Central Pacific Financial Corp director Diane Paloma acquired 2,080 shares of common stock as part of annual board compensation.
Summary
- Director Diane Paloma received 2,080 shares of Central Pacific Financial Corp (CPF) common stock.
- The transaction occurred on May 15, 2026, at a price of $33.65 per share.
- The shares were issued as part of the 2026 Board of Directors fees covering the period from May 1, 2026, to April 30, 2027.
- Following this transaction, the director's total beneficial ownership increased to 4,870 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Director alignment with shareholder interests through equity-based compensation.
- Transparent disclosure of board compensation structure.
Negatives
- None identified.
Risks
- Market price volatility affecting the value of equity-based compensation.
Future Outlook
The filing does not provide forward-looking financial guidance, as it is a standard disclosure of director equity compensation.
Management Comments
- The 2026 Board fees were approved by the Board Compensation Committee in October 2025.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice in the banking sector to ensure long-term alignment between directors and shareholders.
Comparison to Industry Standards
- The issuance of stock for board fees is consistent with standard corporate governance practices for publicly traded financial institutions.
- The use of a pre-approved compensation plan aligns with typical SEC compliance protocols for regional banks.
Stakeholder Impact
- Increased alignment between the board of directors and shareholders.
Next Steps
- No further actions required by the reporting person regarding this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 01/14/2025 | Date the Power of Attorney was signed by Diane Paloma. |
| 05/15/2026 | Date of the reported stock acquisition transaction. |
| 05/18/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Central Pacific Financial Corp, CPF, Director Stock Acquisition, Insider Transaction, Board Compensation
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