Central Pacific (NYSE: CPF) COO reports stock grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Central Pacific Financial Corp executive David Morimoto reported stock-based compensation activity in company shares. He received 7,746 shares of common stock at no cost as a grant or award, increasing his direct holdings in that award line to 7,746 shares.
On the same date, 3,371 shares at $34.38 per share were disposed of to cover taxes on vested shares, leaving 4,375 shares in that line after the tax-withholding disposition. The filing also updates remaining balances for multiple prior restricted stock and performance share grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
29 transactions reported
Mixed
29 txns
Insider
Morimoto David
Role
Vice Chairman & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,746 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,371 | $34.38 | $116K |
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Holdings After Transaction:
Common Stock — 7,746 shares (Direct)
Footnotes (1)
- 2/15/23 PSU Grant that cliff vests on 2/15/26 (next business day if 2/15 falls on weekend/holiday) based on performance results/approval. The Board Compensation Committee reviewed and certified final performance results on 2/23/26. Amount reported is the actual number of shares that vested and were issued. Shares used for taxes on vested shares 2/17/26 RSU Grant. Shares vest evenly over 3 years. 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. 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. 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. 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. 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. 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. 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. 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. 2/17/15 PSU Grant. Shares to vest on 2/15/18, based on performance criteria results. 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years. 2/15/24 RSU Grant. Shares vest evenly over 3 years. 2/18/25 RSU Grant. Shares vest evenly over 3 years. RSU time-based grant 2/15/15. Vesting schedule: 243-2/15/16; 242-2/15/17; 243-2/15/18 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 RSU time-based grant 5/2/11. Outstanding balance as of 7/1/15. 3,710 shares to vest on 5/2/16 RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.
FAQ
What insider transactions did CPF executive David Morimoto report?
David Morimoto reported a stock grant and related tax withholding. He received 7,746 Central Pacific Financial common shares at no cost, and 3,371 shares were withheld at $34.38 per share to satisfy taxes on vested shares.
What role does David Morimoto hold at Central Pacific Financial (CPF)?
David Morimoto is identified as Vice Chairman & COO of Central Pacific Financial Corp. His Form 4 filing reflects changes in his direct ownership of company common stock due to equity awards and related tax withholding.
Does the CPF Form 4 update other equity awards for David Morimoto?
Yes. Beyond the new grant and tax withholding, the filing lists updated share balances for several prior restricted stock and performance share grants, showing how many shares remain outstanding under each award line.