Form 4: Director Sells CPF Shares Under 10b5-1 Plan

Central Pacific Financial Corp. Director Paul Kosasa sold 923 shares of common stock for $28.625 per share under a pre-arranged 10b5-1 plan.

Summary

• Paul Kosasa, a Director of Central Pacific Financial Corp. (CPF), reported a sale of common stock.
• The transaction involved the disposition of 923 shares of CPF common stock.
• The shares were sold at a price of $28.625 per share.
• The transaction date for this sale is August 14, 2025.
• This sale was conducted pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this direct transaction, Mr. Kosasa directly owns 0 shares of common stock.
• Mr. Kosasa indirectly beneficially owns 72,712 shares of common stock jointly with Lisa C. Kosasa.

Sentiment

Score: 5

Explanation: A director's sale of shares, even under a 10b5-1 plan, is generally neutral. It is a disposition, but the pre-arranged nature mitigates immediate negative sentiment. It is not a strong positive or negative for the company's operational performance.

Future Outlook

N/A

Industry Context

This filing details an individual insider transaction, which does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may interpret the director's sale as a neutral event due to the 10b5-1 plan, or potentially as a slight negative signal regarding future stock performance, though the small number of shares relative to total outstanding stock limits significant impact.

Key Dates

Keywords

Central Pacific Financial Corp, CPF, Paul Kosasa, Director, Stock Sale, Insider Trading, Form 4, 10b5-1 Plan, Common Stock