Central Pacific Financial (CPF) CEO makes 2,750-share stock gift to AUW
Rhea-AI Filing Summary
Central Pacific Financial Corp Chairman, President & CEO Arnold D. Martines reported a bona fide gift of 2,750 shares of common stock on 2026-08-07, at a stated price of $0.0000 per share, described in the notes as shares gifted to AUW. In addition, the filing lists multiple existing performance stock unit (PSU) and restricted stock unit (RSU) awards with time- and performance-based vesting schedules extending through 2026, without disclosing new option exercises or open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,750 shares
Net Sell
27 txns
Insider
Martines Arnold D
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 2,750 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
| holding | Common Stock F10 | -- | -- | -- |
| holding | Common Stock F11 | -- | -- | -- |
| holding | Common Stock F12 | -- | -- | -- |
| holding | Common Stock F13 | -- | -- | -- |
| holding | Common Stock F14 | -- | -- | -- |
| holding | Common Stock F15 | -- | -- | -- |
| holding | Common Stock F16 | -- | -- | -- |
| holding | Common Stock F17 | -- | -- | -- |
| holding | Common Stock F18 | -- | -- | -- |
| holding | Common Stock F19 | -- | -- | -- |
| holding | Common Stock F20 | -- | -- | -- |
| holding | Common Stock F21 | -- | -- | -- |
| holding | Common Stock F22 | -- | -- | -- |
| holding | Common Stock F23 | -- | -- | -- |
| holding | Common Stock F24 | -- | -- | -- |
| holding | Common Stock F25 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,655.06 shares (Direct);
Common Stock — 7,748.41 shares (Indirect, Spouse)
Footnotes (25)
- F1. Shares gifted to AUW
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years
- F11. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
- F12. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
- F13. 5/2/18 RSU time based grant. Shares vest evenly over 3 years
- F14. 6/1/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
- F15. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.
- F16. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
- F17. 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years
- F18. 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
- F19. RSU time-based grant. Shares vest evenly over 3 years
- F20. RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.
- F21. 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years
- F22. 2/15/24 RSU Grant. Shares vest evenly over 3 years.
- F23. RSUs time-based; granted 2/17/15
- F24. 2/17/26 RSU Grant. Shares vest evenly over 3 years.
- F25. 2/18/25 RSU Grant. Shares vest evenly over 3 years.
Key Figures
Gifted shares: 2,750 shares
Gift transactions: 1
Gift price per share: $0.0000 per share
+1 more
4 metrics
Gifted shares
2,750 shares
Bona fide gift of common stock reported on 2026-08-07
Gift transactions
1
Single code G bona fide gift in transaction summary
Gift price per share
$0.0000 per share
Stated transaction price for the 2,750 gifted common shares
Holding entries
26
Non-transaction holding and award-related rows listed in the report
Key Terms
Bona fide gift, PSU Grant, RSU Time-Based Grant, cliff vests
4 terms
Bona fide gift regulatory
"Transaction code G with description “Bona fide gift” for 2,750 shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
PSU Grant financial
"“2/15/19 PSU Grant that cliff vests on 2/15/22 based on 2021 year-end”"
RSU Time-Based Grant financial
"“2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years”"
cliff vests financial
"“PSU Grant that cliff vests on 2/15/26 based on performance results/approval”"
FAQ
What did CPF CEO Arnold D. Martines report in this Form 4?
Arnold D. Martines reported a bona fide gift of 2,750 shares of Central Pacific Financial common stock on 2026-08-07, with a stated transaction price of $0.0000 per share, and no open-market purchases or sales.
Was the Central Pacific Financial (CPF) transaction a sale or purchase?
The reported transaction was a gift, not a market sale or purchase. The Form 4 classifies it under code G (bona fide gift), transferring 2,750 common shares with no cash consideration reported.
Does the CPF Form 4 show any option exercises or open-market trades?
No option exercises or open-market trades are reported. The filing shows one gift transaction of 2,750 shares and multiple entries describing existing PSU and RSU awards and their vesting schedules, without new exercises or stock sales.
What do the PSU and RSU footnotes in the CPF filing describe?
The PSU and RSU footnotes describe performance stock unit and restricted stock unit grants, including grant dates such as 2/15/23 and 2/17/26, and vesting terms where shares typically vest evenly over 3 years or after performance periods.
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