Central Pacific exec gets 5,898-share stock grant
Central Pacific Financial Corp Senior EVP and COO David Morimoto reported equity compensation activity in common stock on February 17, 2026.
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Form Type
4
Rhea-AI Filing Summary
Central Pacific Financial Corp Senior EVP and COO David Morimoto reported equity compensation activity in common stock on February 17, 2026. He received a grant of 5,898 shares, described in footnotes as a restricted stock unit award vesting evenly over three years, at $0.00 per share. The filing also shows tax-withholding dispositions totaling 2,865 shares at $34.38 per share, used to cover taxes on vested shares.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Morimoto David
Role
Senior EVP, COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,898 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 833 | $34.38 | $29K |
| Exercise Price or Tax Liability | Common Stock | 1,319 | $34.38 | $45K |
| Exercise Price or Tax Liability | Common Stock | 713 | $34.38 | $25K |
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Holdings After Transaction:
Common Stock — 56,942 shares (Direct)
Footnotes (24)
- F1. 2/17/26 RSU Grant. Shares vest evenly over 3 years.
- F2. 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years
- F3. Shares used for taxes on vested shares
- F4. 2/15/24 RSU Grant. Shares vest evenly over 3 years.
- F5. 2/18/25 RSU Grant. Shares vest evenly over 3 years.
- F6. 2/15/17 PSU Grant that cliff vests on 2/18/20 based on 2019 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/18/20.
- F7. 2/15/18 PSU Grant that cliff vests on 2/16/21 based on 2020 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/21.
- F8. 2/15/19 PSU Grant that cliff vests on 2/15/22 based on 2021 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/15/22.
- F9. 2/15/22 PSU Grant that cliff vests on 2/15/25 based on 2024 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/18/25.
- F10. 2/15/22 PSU Grant that cliff vests on 2/15/25 based on 2024 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/18/25.
- F11. 2/16/16 PSU Grant that cliff vests on 2/15/19 based on 2018 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/15/19.
- F12. 2/16/21 PSU Grant that cliff vests on 2/15/24 based on 2023 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/15/24.
- F13. 2/16/21 PSU Grant that cliff vests on 2/16/24 based on 2023 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/24.
- F14. 2/17/15 PSU Grant. Shares to vest on 2/15/18, based on performance criteria results.
- F15. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
- F16. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
- F17. 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
- F18. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.
- F19. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
- F20. 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years.
- F21. RSU time-based grant 2/15/15. Vesting schedule: 243-2/15/16; 242-2/15/17; 243-2/15/18
- F22. RSU time-based grant 5/15/14. Outstanding balance as of 7/1/15. Vesting schedule: 1,000-5/15/16; 1,000-5/15/17; 1,000-5/15/18; 1,000-5/15/19
- F23. RSU time-based grant 5/2/11. Outstanding balance as of 7/1/15. 3,710 shares to vest on 5/2/16
- F24. RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CPF executive David Morimoto report in this Form 4 filing?
David Morimoto reported equity compensation activity involving Central Pacific Financial Corp common stock. He received a grant of 5,898 shares on February 17, 2026, and reported related tax-withholding share dispositions used to satisfy tax obligations on vested shares, all held under direct ownership.
What type of stock awards does David Morimoto hold at Central Pacific Financial (CPF)?
Footnotes describe multiple restricted stock unit and performance stock unit grants, many vesting over three years or on specific cliff dates tied to year-end performance. These awards convert into common shares upon vesting and are reported as they vest or when tax obligations arise.
Is the Central Pacific Financial (CPF) Form 4 transaction an open-market stock trade?
No, the primary activities are an equity grant and tax-withholding dispositions. The 5,898-share grant was awarded at no cost, and the 2,865 shares disposed were specifically used to pay taxes on vested awards, rather than open-market buying or selling transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
