Form 4: Director Paul Kosasa Acquires CPF Shares
Statement of Changes in Beneficial Ownership
Central Pacific Financial Corp. director Paul Kosasa acquired 1,857 shares of common stock as part of his 2026 board compensation.
Summary
- Director Paul Kosasa received 1,857 shares of Central Pacific Financial Corp. (CPF) common stock.
- The transaction occurred on May 15, 2026, at a price of $33.65 per share.
- These shares represent board compensation for the period of May 1, 2026, through April 30, 2027.
- Following this transaction, Mr. Kosasa holds a total of 74,569 shares of CPF common stock.
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 shareholder interests through equity-based compensation.
- The acquisition reflects the standard annual board fee structure approved by the Compensation Committee.
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 routine disclosure of director 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 corporate governance practice in the banking sector, designed to align director incentives with long-term shareholder value.
Comparison to Industry Standards
- The issuance of stock in lieu of cash for board fees is consistent with practices at regional financial institutions like Bank of Hawaii or First Hawaiian Bank.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Structure | Issuance of equity for board fees for the 2026-2027 term. | 05/15/2026 | Neutral; standard alignment of director interests. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- No further actions required by the reporting person regarding this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 05/14/2015 | Original execution date of the Power of Attorney. |
| 05/15/2026 | Date of the reported stock acquisition transaction. |
| 05/18/2026 | Date of filing for the Form 4. |
Keywords
Central Pacific Financial Corp, CPF, Director, Insider Transaction, Form 4, Equity Compensation
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