Form 4: Director Jonathan Kindred Acquires CPF Shares

Central Pacific Financial Corp director Jonathan B. Kindred acquired 2,228 shares of common stock as part of his annual board compensation.

Summary

• Director Jonathan B. Kindred acquired 2,228 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 acquisition represents the issuance of 2026 Board of Directors fees covering the period from May 1, 2026, to April 30, 2027.
• Following this transaction, Mr. Kindred's total beneficial ownership in the company is 16,178 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

• Director alignment with shareholders through equity-based compensation.
• The transaction reflects standard corporate governance practices for board remuneration.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

The filing does not provide forward-looking financial guidance, as it is a routine disclosure of director compensation.

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 among regional banks.
• The transaction structure aligns with typical SEC Section 16 reporting requirements for publicly traded financial institutions.

Stakeholder Impact

• Minimal impact on stakeholders as this is a standard compensation-related transaction.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

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