What are the terms of the 1,857 phantom share units granted to Crystal Rose at CPF?

The 1,857 phantom share units are held in the Director's Deferred Comp Plan as DDC CPF Shares. Each phantom unit is economically equivalent to one CPF common share and will be paid out in cash after Crystal Rose’s termination of board service.

How many CPF-related phantom stock units does Crystal Rose hold after this grant?

After this grant, Crystal Rose holds 16,882 phantom share units linked to CPF common stock. This total includes the new 1,857-unit award representing 2026 board fees and prior phantom stock credited under the Director's Deferred Comp Plan.

How are Crystal Rose’s CPF phantom share units from 2026 board fees settled?

The phantom share units are settled in cash, not stock. Each unit tracks the value of one CPF common share, and payment occurs in cash after Crystal Rose’s termination of service on the board under the deferred compensation plan terms.

Central Pacific Financial (CPF) director gets 1,857 phantom share units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Rose Crystal reported acquisition or exercise transactions in this Form 4 filing.

Central Pacific Financial Corp director Crystal Rose received a grant of 1,857 phantom share units tied to the company’s common stock. These units represent 2026 board fees and are held in the Director's Deferred Comp Plan as “DDC CPF Shares.”

Each phantom share is economically equivalent to one share of common stock but will be settled in cash after her board service ends. Following this award, Rose’s deferred phantom stock balance linked to CPF common stock totals 16,882 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rose Crystal

Role null

Type	Security	Shares	Price	Value
Grant/Award	DDC CPF Shares	1,857	$33.65	$62K

Holdings After Transaction: DDC CPF Shares — 16,882 shares (Direct, null)

Footnotes (1)

2022 BOD Fees issued in CPF shares held in the Director's Deferred Comp Plan as phantom stock. Each phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash after the Director's termination of service. 2026 BOD Fees (covering the period 5/1/26-4/30/27) issued in CPF shares held in the Director's Deferred Comp Plan as phantom stock. Each phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash after the Director's termination of service. The 2026 Board fees were approved by the Board Compensation Committee in October 2025.

Key Figures

Phantom units granted: 1,857 units Reference price per share: $33.65 per unit Total phantom units after grant: 16,882 units +1 more

4 metrics

Phantom units granted 1,857 units Grant of DDC CPF Shares representing 2026 board fees

Reference price per share $33.65 per unit Transaction price per phantom share unit on grant

Total phantom units after grant 16,882 units Deferred phantom stock balance following the transaction

Underlying common shares 1,857 shares Each phantom unit economically equals one CPF common share

Key Terms

phantom stock, Director's Deferred Comp Plan, Board Compensation Committee, Grant, award, or other acquisition

4 terms

phantom stock financial

"Each phantom stock is the economic equivalent of one share of common stock."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Director's Deferred Comp Plan financial

"issued in the Director's Deferred Comp Plan as phantom stock."

Board Compensation Committee financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 05:37 PM

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^*

Rose Crystal

(Last)

(First)

(Middle)

220 SOUTH KING STREET

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
DDC CPF Shares	⁽¹⁾	05/15/2026		A⁽²⁾		1,857		⁽¹⁾	⁽¹⁾	Common Stock	1,857	$33.65	16,882	D

Explanation of Responses:

1. 2022 BOD Fees issued in CPF shares held in the Director's Deferred Comp Plan as phantom stock. Each phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash after the Director's termination of service.

2. 2026 BOD Fees (covering the period 5/1/26-4/30/27) issued in CPF shares held in the Director's Deferred Comp Plan as phantom stock. Each phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash after the Director's termination of service. The 2026 Board fees were approved by the Board Compensation Committee in October 2025.

	/s/ Stacey Rocha, attorney-in-fact for Ms. Crystal Rose	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Crystal Rose report in this Form 4 for CENTRAL PACIFIC FINANCIAL CORP (CPF)?

Crystal Rose reported receiving 1,857 phantom share units as part of her 2026 board fees. These units track CPF common stock value and are held in the Director's Deferred Comp Plan, increasing her deferred phantom balance to 16,882 units.

Is Crystal Rose’s Form 4 transaction a stock purchase or sale of CPF shares?

The Form 4 shows an acquisition coded as a grant or award, not a market purchase or sale. Rose received 1,857 phantom share units as compensation, which mirror CPF’s stock value and will be paid in cash after she leaves the board.