Central Pacific (NYSE: CPF) COO reports stock grant and tax withholding

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.

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

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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^*

Morimoto David

(Last) (First) (Middle)

220 SOUTH KING ST

(Street)

HONOLULU HI 96813

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice Chairman & COO

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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

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

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

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(1)	02/17/2026		A		7,746	A	$0	7,746	D
Common Stock(1)	02/17/2026		F(2)		3,371	D	$34.38	4,375	D
Common Stock(3)								5,898	D
Common Stock(4)								1,766	D
Common Stock(5)								1,909	D
Common Stock(6)								859	D
Common Stock(7)								1,214	D
Common Stock(8)								2,222	D
Common Stock(9)								2,377	D
Common Stock(10)								1,685	D
Common Stock(11)								1,529	D
Common Stock(12)								865	D
Common Stock(13)								5,247	D
Common Stock(14)								1,252	D
Common Stock(15)								1,425	D
Common Stock(16)								1,443	D
Common Stock(17)								984	D
Common Stock(18)								3,485	D
Common Stock(19)								5,620	D
Common Stock(19)								3,375	D
Common Stock(20)								9,623	D
Common Stock(21)								5,918	D
Common Stock								255	D
Common Stock								7,795	D
Common Stock								2,399	D
Common Stock(22)								455	D
Common Stock(23)								2,586	D
Common Stock(24)								1,949	D
Common Stock(25)								3,575	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. 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.

2. Shares used for taxes on vested shares

3. 2/17/26 RSU Grant. Shares vest evenly over 3 years.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 2/17/15 PSU Grant. Shares to vest on 2/15/18, based on performance criteria results.

13. 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years

14. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

15. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

16. 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.

17. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

18. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years

19. 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years.

20. 2/15/24 RSU Grant. Shares vest evenly over 3 years.

21. 2/18/25 RSU Grant. Shares vest evenly over 3 years.

22. RSU time-based grant 2/15/15. Vesting schedule: 243-2/15/16; 242-2/15/17; 243-2/15/18

23. 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

24. RSU time-based grant 5/2/11. Outstanding balance as of 7/1/15. 3,710 shares to vest on 5/2/16

25. RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.

	/s/ Stacey Rocha, attorney-in-fact for David Morimoto	02/24/2026
	** 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).
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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.

Did the CPF Form 4 show David Morimoto buying or selling shares on the market?

The filing does not show open-market buying or selling. It reports a share grant and a tax-withholding disposition, where 3,371 shares were used to cover taxes owed on vested stock-based compensation.

How many CPF shares did David Morimoto receive as a grant?

He received 7,746 shares of Central Pacific Financial common stock as a grant or award at a price of $0.00 per share, reflecting stock-based compensation rather than a purchase for cash.

What price was used for the CPF shares withheld for taxes?

For the tax-withholding disposition, 3,371 Central Pacific Financial shares were valued at $34.38 per share. These shares were delivered to satisfy tax obligations arising from stock that had vested.

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.