[Form 4] Central Pacific Financial Corporation Insider Trading Activity
Central Pacific Financial Corp (CPF) reporting person Agnes Catherine Ngo, a director, entered transactions under a Rule 10b5-1 plan that resulted in the acquisition of 3,333 common shares at a reported weighted average purchase price of $27.869. The filing notes the purchases were effected under an established plan, so the reporting person had no discretion on timing.
The Form also lists a total of 65,459 shares shown as beneficially owned in an indirect capacity (co-trustee of the Hines & Ngo 2000 Family Trust) and discloses numerous previously issued PSU/RSU grants and vesting events that create additional direct and indirect holdings reported on the form.
Central Pacific Financial Corp (CPF) la persona segnalante Agnes Catherine Ngo, in qualità di direttrice, ha effettuato operazioni nell'ambito di un piano ai sensi della Rule 10b5-1 che hanno portato all'acquisto di 3,333 azioni ordinarie a un prezzo medio ponderato di acquisto riportato di $27.869. La segnalazione precisa che gli acquisti sono stati eseguiti nell'ambito di un piano preesistente, pertanto la persona segnalante non aveva discrezionalità sul timing.
Il modulo segnala inoltre un totale di 65,459 azioni risultanti detenute a titolo indiretto (co-trustee dell'Hines & Ngo 2000 Family Trust) e dichiara numerose assegnazioni e vesting precedenti di PSU/RSU che generano ulteriori partecipazioni dirette e indirette riportate nel modulo.
Central Pacific Financial Corp (CPF) la persona declarante Agnes Catherine Ngo, directora, realizó transacciones bajo un plan Rule 10b5-1 que dieron lugar a la adquisición de 3,333 acciones ordinarias a un precio medio ponderado de compra informado de $27.869. La presentación indica que las compras se efectuaron bajo un plan establecido, por lo que la persona declarante no tuvo discreción sobre el momento.
El formulario (Form) también recoge un total de 65,459 acciones que figuran como poseídas a título indirecto (co-fiduciaria del Hines & Ngo 2000 Family Trust) y revela numerosas concesiones y vestings previos de PSU/RSU que generan participaciones directas e indirectas adicionales informadas en el formulario.
Central Pacific Financial Corp (CPF) 신고인 Agnes Catherine Ngo(이사)는 Rule 10b5-1 계획에 따라 거래를 실행하여 3,333주 보통주를 신고된 가중평균 매수가격 $27.869에 취득했습니다. 공시는 이 매수들이 기설정된 계획 하에서 이루어졌기 때문에 신고인이 매매 시점에 대한 재량권이 없었다고 명시합니다.
해당 서류(Form)에는 또한 Hines & Ngo 2000 Family Trust의 공동 수탁자(co-trustee)로서 간접적으로 보유한 총 65,459주가 기재되어 있으며, 이전에 부여되거나 권리확정(vesting)된 여러 PSU/RSU 내역들이 추가적인 직접·간접 보유를 발생시켜 신고서에 보고되어 있습니다.
Central Pacific Financial Corp (CPF) la personne déclarante Agnes Catherine Ngo, administratrice, a réalisé des opérations dans le cadre d'un plan Rule 10b5-1 entraînant l'acquisition de 3,333 actions ordinaires au prix d'achat moyen pondéré déclaré de $27.869. Le dossier précise que ces achats ont été effectués dans le cadre d'un plan établi, de sorte que la personne déclarante n'avait pas de latitude sur le calendrier.
Le formulaire indique également un total de 65,459 actions figurant comme détenues à titre indirect (co-trustee du Hines & Ngo 2000 Family Trust) et révèle de nombreuses attributions et vestings antérieurs de PSU/RSU qui engendrent des participations directes et indirectes supplémentaires mentionnées dans le formulaire.
Central Pacific Financial Corp (CPF) die meldende Person Agnes Catherine Ngo, Direktorin, tätigte Transaktionen im Rahmen eines Rule-10b5-1-Plans, die zum Erwerb von 3,333 Stammaktien zu einem gemeldeten gewichteten durchschnittlichen Kaufpreis von $27.869 führten. Die Meldung weist darauf hin, dass die Käufe unter einem bestehenden Plan erfolgt sind, sodass die meldende Person keine Dispositionsfreiheit bezüglich des Zeitpunkts hatte.
Das Formular führt außerdem insgesamt 65,459 Aktien auf, die als wirtschaftlich indirekt gehalten angegeben sind (Co-Trustee des Hines & Ngo 2000 Family Trust), und offenbart zahlreiche zuvor gewährte bzw. vestende PSU/RSU-Zuweisungen, die zusätzliche direkte und indirekte Bestände im Formular ausweisen.
- Transaction executed under a Rule 10b5-1 plan, indicating pre-arranged timing and lack of reporting person discretion
- Acquisition of 3,333 shares reported with a weighted average purchase price of $27.869
- Detailed footnotes clarify multiple vested PSU/RSU grants and separate previously combined RSU/PSU holdings
- None.
Insights
TL;DR: Director Agnes Ngo acquired 3,333 CPF shares under a 10b5-1 plan at a weighted average price of $27.869; holdings include multiple vested equity grants.
The reported transaction is an acquisition effected under a pre-established Rule 10b5-1 plan, which signals the trade was pre-planned rather than discretionary. The filing shows a weighted average purchase price of $27.869 and lists 65,459 shares as beneficially owned in an indirect capacity via a family trust. The disclosure of multiple PSU/RSU vesting events documents the provenance of other holdings and clarifies outstanding share amounts tied to past grants.
TL;DR: Use of a documented 10b5-1 plan and detailed footnotes strengthens disclosure clarity about the director's holdings and past equity grants.
The Form provides explicit footnotes describing the 10b5-1 plan and multiple grant vesting schedules, improving transparency about the nature of direct and indirect ownership. Indirect holdings through a family trust, a foundation and an IRA are clearly itemized. No derivative transactions are reported in Table II, and the filing supplements prior RSU/PSU disclosures with actual vested share counts, which aids record reconciliation for governance reviewers.
Central Pacific Financial Corp (CPF) la persona segnalante Agnes Catherine Ngo, in qualità di direttrice, ha effettuato operazioni nell'ambito di un piano ai sensi della Rule 10b5-1 che hanno portato all'acquisto di 3,333 azioni ordinarie a un prezzo medio ponderato di acquisto riportato di $27.869. La segnalazione precisa che gli acquisti sono stati eseguiti nell'ambito di un piano preesistente, pertanto la persona segnalante non aveva discrezionalità sul timing.
Il modulo segnala inoltre un totale di 65,459 azioni risultanti detenute a titolo indiretto (co-trustee dell'Hines & Ngo 2000 Family Trust) e dichiara numerose assegnazioni e vesting precedenti di PSU/RSU che generano ulteriori partecipazioni dirette e indirette riportate nel modulo.
Central Pacific Financial Corp (CPF) la persona declarante Agnes Catherine Ngo, directora, realizó transacciones bajo un plan Rule 10b5-1 que dieron lugar a la adquisición de 3,333 acciones ordinarias a un precio medio ponderado de compra informado de $27.869. La presentación indica que las compras se efectuaron bajo un plan establecido, por lo que la persona declarante no tuvo discreción sobre el momento.
El formulario (Form) también recoge un total de 65,459 acciones que figuran como poseídas a título indirecto (co-fiduciaria del Hines & Ngo 2000 Family Trust) y revela numerosas concesiones y vestings previos de PSU/RSU que generan participaciones directas e indirectas adicionales informadas en el formulario.
Central Pacific Financial Corp (CPF) 신고인 Agnes Catherine Ngo(이사)는 Rule 10b5-1 계획에 따라 거래를 실행하여 3,333주 보통주를 신고된 가중평균 매수가격 $27.869에 취득했습니다. 공시는 이 매수들이 기설정된 계획 하에서 이루어졌기 때문에 신고인이 매매 시점에 대한 재량권이 없었다고 명시합니다.
해당 서류(Form)에는 또한 Hines & Ngo 2000 Family Trust의 공동 수탁자(co-trustee)로서 간접적으로 보유한 총 65,459주가 기재되어 있으며, 이전에 부여되거나 권리확정(vesting)된 여러 PSU/RSU 내역들이 추가적인 직접·간접 보유를 발생시켜 신고서에 보고되어 있습니다.
Central Pacific Financial Corp (CPF) la personne déclarante Agnes Catherine Ngo, administratrice, a réalisé des opérations dans le cadre d'un plan Rule 10b5-1 entraînant l'acquisition de 3,333 actions ordinaires au prix d'achat moyen pondéré déclaré de $27.869. Le dossier précise que ces achats ont été effectués dans le cadre d'un plan établi, de sorte que la personne déclarante n'avait pas de latitude sur le calendrier.
Le formulaire indique également un total de 65,459 actions figurant comme détenues à titre indirect (co-trustee du Hines & Ngo 2000 Family Trust) et révèle de nombreuses attributions et vestings antérieurs de PSU/RSU qui engendrent des participations directes et indirectes supplémentaires mentionnées dans le formulaire.
Central Pacific Financial Corp (CPF) die meldende Person Agnes Catherine Ngo, Direktorin, tätigte Transaktionen im Rahmen eines Rule-10b5-1-Plans, die zum Erwerb von 3,333 Stammaktien zu einem gemeldeten gewichteten durchschnittlichen Kaufpreis von $27.869 führten. Die Meldung weist darauf hin, dass die Käufe unter einem bestehenden Plan erfolgt sind, sodass die meldende Person keine Dispositionsfreiheit bezüglich des Zeitpunkts hatte.
Das Formular führt außerdem insgesamt 65,459 Aktien auf, die als wirtschaftlich indirekt gehalten angegeben sind (Co-Trustee des Hines & Ngo 2000 Family Trust), und offenbart zahlreiche zuvor gewährte bzw. vestende PSU/RSU-Zuweisungen, die zusätzliche direkte und indirekte Bestände im Formular ausweisen.
FAQ
What did CPF director Agnes C. Ngo do in this Form 4 filing?
Was the transaction discretionary or pre-planned for CPF (ticker CPF)?
How many shares does the filing list as beneficially owned after the reported transaction?
Does the Form 4 disclose other holdings or awards for Agnes Ngo?
Are any derivative securities (options, warrants) reported in this filing?
