[Form 4] Central Pacific Financial Corporation Insider Trading Activity

Rhea-AI Filing Summary

Central Pacific Financial Corp. (CPF) – Form 4 filing, 31 Jul 2025. President & CEO Arnold D. Martines reported a Code G charitable gift of 4,000 common shares to AUW at $0.00. After the donation, his direct holdings fall to 1,335 shares.

The filing also lists the executive’s remaining equity exposure: roughly 75,300 directly-held shares tied to vested RSU/PSU grants and time-based awards, plus ≈6,050 shares held indirectly by his spouse, keeping overall beneficial ownership near 81,000 shares. No derivative securities were transacted and no new options or RSUs were granted in this filing.

The transaction is non-market and non-cash, so it carries limited signaling value for CPF’s near-term fundamentals. Nonetheless, it confirms that the CEO retains a substantial equity stake, aligning his incentives with shareholders despite the modest reduction in direct ownership.

Positive

• CEO retains ~81,000 shares, signalling continued alignment with shareholder interests despite the small reduction.

Negative

• Direct ownership decreases by 4,000 shares, a minor dilution of insider stake.

Insights

Corporate Governance Analyst

TL;DR: CEO gifted 4k shares; ownership still strong—neutral governance impact.

The Code G donation is strictly philanthropic, thus benign from a governance standpoint. Martines still controls ~81 k shares, providing meaningful ‘skin in the game.’ Because there is no open-market sale, the filing does not suggest bearish sentiment or liquidity concerns. Overall impact on shareholder perception and float is negligible.

Portfolio Manager

TL;DR: Insider activity immaterial to valuation; watch earnings catalysts instead.

From a portfolio perspective, a 4,000-share gift (<0.03 % of CPF’s 28 m float) will not affect supply-demand dynamics. The CEO’s retained ownership reinforces alignment, but the transaction offers no incremental insight into operational performance or upcoming earnings. Maintain focus on credit quality, NIM trends, and Hawaiian macro factors for CPF.

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^*

Martines Arnold D

(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)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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	07/31/2025		G(1)		4,000	D	$0	1,335	D
Common Stock(2)								982	D
Common Stock(3)								1,113	D
Common Stock(4)								491	D
Common Stock(5)								1,069	D
Common Stock(6)								1,956	D
Common Stock(7)								1,643	D
Common Stock(8)								1,490	D
Common Stock(9)								10,507	D
Common Stock(10)								696	D
Common Stock(11)								1,260	D
Common Stock(12)								2,950	D
Common Stock(13)								2,405	D
Common Stock(14)								738	I	Spouse
Common Stock(15)								281	I	Spouse
Common Stock(16)								370	D
Common Stock(17)								3,813	D
Common Stock(18)								170	D
Common Stock(19)								197	D
Common Stock(20)								1,101	D
Common Stock(21)								579	I	Spouse
Common Stock(22)								592	I	Spouse
Common Stock(23)								17,854	D
Common Stock(24)								409	D
Common Stock(25)								13,052	D
Common Stock								10,437	D
Common Stock								3,859	I	Spouse

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. Shares gifted to AUW

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years

10. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

11. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

12. 5/15/19 RSU Time-Based Grant. Shares vest evenly over 5 years

13. 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.

14. 5/2/18 RSU time based grant. Shares vest evenly over 3 years

15. 6/1/20 RSU Time-Based Grant. Shares vest evenly over 3 years.

16. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

17. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years

18. 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

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

20. RSU time-based grant. Shares vest evenly over 3 years

21. RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.

22. 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years

23. 2/15/24 RSU Grant. Shares vest evenly over 3 years.

24. RSUs time-based; granted 2/17/15

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

	/s/ Stacey Rocha, attorney-in-fact for Arnold D. Martines	07/31/2025
	** 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.

FAQ

How many CPF shares did the CEO gift on 31 July 2025?

4,000 common shares were donated as a charitable gift (Code G).

What is Arnold D. Martines' remaining direct CPF holding?

After the gift, he directly owns 1,335 shares.

Does the Form 4 include any open-market sales or purchases?

No. The only reported transaction is a charitable gift; no market trades occurred.

How many CPF shares does the CEO control in total?

Including vested awards and spouse holdings, beneficial ownership is roughly 81 k shares.

Were any derivative securities or new RSUs reported?

None. No derivative transactions or new grants appear in this filing.