Director at Central Pacific Financial (NYSE: CPF) receives 2,080-share stock grant as 2026 board fees

Rhea-AI Filing Summary

Lutes Christopher reported acquisition or exercise transactions in this Form 4 filing.

Central Pacific Financial Corp director Christopher Lutes received a stock grant of 2,080 shares of common stock at $33.65 per share as board compensation. The award represents his 2026 board fees for the period from May 1, 2026 through April 30, 2027, issued in CPF stock. Following this grant, Lutes directly holds 23,684 shares of Central Pacific Financial common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lutes Christopher

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,080	$33.65	$70K

Holdings After Transaction: Common Stock — 23,684 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock grant size: 2,080 shares Grant valuation price: $33.65 per share Post-grant holdings: 23,684 shares +2 more

5 metrics

Stock grant size 2,080 shares Director stock award representing 2026 board fees

Grant valuation price $33.65 per share Reported price for the 2,080-share award

Post-grant holdings 23,684 shares Total common shares held directly after the grant

Board fee service period May 1, 2026–April 30, 2027 Period covered by 2026 board fees paid in stock

Board approval timing October 2025 Date when 2026 board fees were approved

Key Terms

Grant, award, or other acquisition, Board Compensation Committee, 2026 BOD Fees, Common Stock

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Board Compensation Committee financial

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

2026 BOD Fees financial

"2026 BOD Fees (covering the period 5/1/26-4/30/27) issued in CPF Stock."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lutes Christopher

(Last) (First) (Middle)

220 SOUTH KING ST

(Street)

HONOLULU HAWAII 96813

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CENTRAL PACIFIC FINANCIAL CORP [ CPF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		A(1)		2,080	A	$33.65	23,684	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 2026 BOD Fees (covering the period 5/1/26-4/30/27) issued in CPF Stock. The 2026 Board fees were approved by the Board Compensation Committee in October 2025.

	/s/ Stacey L. Rocha, attorney-in-fact for Mr. Lutes	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Central Pacific Financial (CPF) director Christopher Lutes report on this Form 4?

Director Christopher Lutes reported receiving a grant of 2,080 shares of Central Pacific Financial common stock. The shares were awarded as part of his 2026 board fees, covering service from May 1, 2026 through April 30, 2027, and are issued in CPF stock.

Was the Central Pacific Financial (CPF) Form 4 transaction an open-market purchase or a compensation grant?

The Form 4 shows a compensation-related stock grant, not an open-market purchase. The 2,080 shares were awarded as 2026 board fees, approved by the Board Compensation Committee in October 2025, and issued directly in Central Pacific Financial common stock.

How many Central Pacific Financial (CPF) shares did Christopher Lutes hold after this Form 4 transaction?

After the reported grant, Christopher Lutes directly held 23,684 shares of Central Pacific Financial common stock. This total includes the new 2,080-share award that represents his 2026 board fees for service between May 1, 2026 and April 30, 2027.

What price per share was used for the Central Pacific Financial (CPF) director stock grant?

The director stock grant was recorded at $33.65 per share for 2,080 shares of common stock. This valuation is used for reporting purposes as part of Lutes’s 2026 board fees, which are being paid in Central Pacific Financial stock rather than in cash.

Who approved the 2026 board fees reported in this Central Pacific Financial (CPF) Form 4?

The 2026 board fees, delivered as CPF stock, were approved by the Board Compensation Committee in October 2025. These fees cover Christopher Lutes’s board service from May 1, 2026 through April 30, 2027 and are reflected as a 2,080-share grant.