[Form 4] Central Pacific Financial Corporation Insider Trading Activity

Rhea-AI Filing Summary

Director Paul K. Yonamine of Central Pacific Financial Corp. (CPF) reported one open-market sale on 08/01/2025 under a pre-arranged Rule 10b5-1 trading plan established 03/05/2025.

• Shares sold: 2,765 common shares
• Sale price: $26.25 per share
• Gross proceeds: ≈ $72.6 thousand
• Direct ownership after sale: 14,181 shares
• Implied direct reduction: 2,765/16,946 pre-sale shares ≈ 16%
• Indirect ownership: 3,000 shares held in CPF Directors Deferred Compensation Plan

No derivative transactions were reported. The form lists multiple prior PSU/RSU grants that continue to vest; no new grants, exercises or expirations occurred in this filing. Yonamine remains a non-employee director and is not a 10% owner.

The planned nature of the trade mitigates signaling risk, yet insider sales can still be perceived as mildly negative. The overall stake retained suggests continued alignment with shareholders.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating advance planning and reducing potential insider-trading concerns.
• Director retains 14,181 direct shares and additional indirect holdings, maintaining meaningful equity alignment with shareholders.

Negative

• Director sold 16 % of his direct stake, which some investors may interpret as a bearish signal despite the planned nature of the trade.

Insights

Financial Analyst

TL;DR: Small, pre-planned insider sale; limited financial impact.

The 2,765-share sale represents roughly 0.01 % of CPF’s 28 m outstanding shares and 16 % of the director’s direct stake. Proceeds are immaterial to corporate cash flow and do not alter the company’s capital structure. Because the transaction was executed pursuant to a Rule 10b5-1 plan, the informational value is muted; there is no immediate read-through to CPF’s fundamentals or upcoming results. Overall market impact should be negligible.

Corporate Governance Expert

TL;DR: Governance-neutral; 10b5-1 compliance limits concern.

Filing demonstrates proper Section 16 reporting and use of a recently strengthened 10b5-1 plan, aligning with SEC best practices. The director retains significant equity, preserving incentive alignment. No red flags such as clustered sales, option exercises or undisclosed trading arrangements are evident. From a governance lens, impact is neutral.

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).

X

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^*

Yonamine Paul K

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		S(1)		2,765	D	$26.25	14,181	D
Common Stock								1,400	D
Common Stock								3,000	I	CPF Directors Deferred Comp Plan
Common Stock								8,627	D
Common Stock(2)								2,400	D
Common Stock(3)								5,270	D
Common Stock(4)								4,108	D
Common Stock(5)								7,514	D
Common Stock(6)								6,256	D
Common Stock(7)								3,421	D
Common Stock(8)								7,363	D
Common Stock(9)								3,520	D
Common Stock(10)								9,213	D
Common Stock(11)								24,411	D
Common Stock(12)								1,125	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. This transaction was effected pursuant to a Rule 10b5-1 Plan entered into by the reporting person on March 5, 2025. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.

2. 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.

3. 2/15/19 PSU NH 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.

4. 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.

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. 2/16/21 PSU Grant that cliff vests on 2/16/23. Amount reported is actual number of shares that vested and were issued on 2/16/23.

7. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

8. 2/15/19-2 RSU Time Based grant. Shares vest evenly over 3 years

9. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

10. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years

11. 2/16/21 RSU Time-Based Grant. Shares vest evenly over 2 years.

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

	/s/ Stacey Rocha, attorney-in-fact for Mr. Yonamine	08/01/2025
	** 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 Director Paul K. Yonamine sell?

He sold 2,765 common shares on 08/01/2025.

At what price were the CPF shares sold?

The shares were sold at $26.25 per share.

Was the transaction part of a 10b5-1 trading plan?

Yes, the sale was executed under a Rule 10b5-1 plan adopted on 03/05/2025.

How many CPF shares does the director still own after the sale?

He owns 14,181 shares directly and 3,000 shares indirectly through the Directors Deferred Compensation Plan.

Does the filing report any option exercises or new grants?

No. The Form 4 lists only the open-market sale; no derivative security transactions were reported.

Why is a 10b5-1 plan important for insider sales?

It pre-schedules trades, providing an affirmative defense against insider-trading accusations and signaling better governance.