[Form 4] Central Pacific Financial Corporation Insider Trading Activity

Rhea-AI Filing Summary

On 14 July 2025, Central Pacific Financial Corp. (CPF) director Agnes Catherine Ngo filed a Form 4 reporting the sale of 3,333 common shares at a weighted-average price of $29.2002 per share. The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on 3 February 2025, meaning the director exercised no discretion over trade timing. Following the sale, the Hines & >Ngo 2000 Family Trust—through which the trade was executed—owns 68,792 shares. Ngo maintains numerous additional direct and indirect positions (RSU, PSU, foundation, and IRA accounts) that were unchanged in this filing, and no derivative security transactions were reported.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating pre-arrangement and reducing timing-related governance concerns.
• Director retains substantial shareholdings across multiple accounts, suggesting continued equity alignment with shareholders.

Negative

• Insider sale of 3,333 shares at $29.2002 slightly reduces beneficial ownership and may be viewed as a modestly negative sentiment signal.

Insights

Financial Analyst

TL;DR: Small 3,333-share insider sale under 10b5-1; negligible balance-sheet impact, neutral signal.

The filing shows a minor disposition representing a fraction of Ngo’s aggregate holdings. Execution under a pre-arranged 10b5-1 plan reduces concerns about adverse informational timing. With no derivatives exercised and other equity awards untouched, the transaction does not materially affect insider ownership structure or the company’s float. Market impact is expected to be neutral.

Corporate Governance Expert

TL;DR: Pre-planned sale complies with Section 16; governance and disclosure practices appear sound.

The director followed SEC rules, disclosing the trade promptly and citing the Rule 10b5-1 plan. The detailed breakout of RSU and PSU awards demonstrates transparency in equity compensation reporting. No red flags arise regarding undisclosed derivatives or concentrated selling. Overall governance implications are 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^*

Ngo Agnes Catherine

(Last) (First) (Middle)

220 S KING STREET

(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)
07/14/2025

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	07/14/2025		S(1)		3,333	D	$29.2002(2)	68,792	I	Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00
Common Stock								5,886	I	CPB Foundation
Common Stock(3)								5,995	D
Common Stock(4)								6,793	D
Common Stock(5)								1,689	D
Common Stock(6)								2,588	D
Common Stock(7)								4,735	D
Common Stock(8)								7,645	D
Common Stock								3,548	D
Common Stock(9)(10)								5,594	D
Common Stock(11)								2,056	D
Common Stock(12)								3,365	D
Common Stock(13)								3,424	D
Common Stock(14)								3,039	D
Common Stock(15)								5,717	D
Common Stock(16)								9,746	D
Common Stock(16)								6,363	D
Common Stock(17)								2,375	D
Common Stock(18)								3,681	D
Common Stock(19)								3,128	D
Common Stock(20)								2,258	D
Common Stock								9,480	D
Common Stock(21)								5,767	D
Common Stock								2,714	I	Robert Hines IRA
Common Stock(22)								2,855	D
Common Stock(23)								11,431	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 February 3, 2025. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.

2. Represents the weighted average purchase price. The shares were purchased at prices ranging from $28.39 to $29.36 per share. Full information regarding the number of shares purchased at each price shall be provided to the Securities and Exchange Commission staff (the "Staff"), Issuer, or a security holder of Issuer, upon request.

3. 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.

4. 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.

5. 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.

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. 2/15/22 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.

8. 2/16/16 PSU Grant that cliff vests on 2/15/19 based on 2018 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/15/19.

9. 2/16/21 PSU Grant that cliff vests on 2/16/23 based on 2022 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/16/23.

10. 2/16/21 PSU Grant that cliff vests on 2/16/23 based on 2022 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/23.

11. 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.

12. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

13. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

14. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

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

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

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

18. 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

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

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

21. RSUs performance-based were originally filed on 3/4/2014 at the maximum performance criteria. This supplements that filing to note the actual number shares that vested based on the performance results.

22. RSUs time-based originally filed on 3/4/2014 were reported with RSUs performance-based and combined into one holding. This clarifies that filing and creates a separate holding for the RSUs time-based only.

23. RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.

	/s/ Stacey Rocha, attorney-in-fact for Ms. A.C. Ngo	07/14/2025
	** 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).
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FAQ

How many CPF shares did director Agnes Catherine Ngo sell?

She sold 3,333 common shares.

What price did the CPF shares sell for on 14 July 2025?

The weighted-average sale price was $29.2002 per share.

Was the CPF insider trade part of a Rule 10b5-1 plan?

Yes. Ngo’s Form 4 states the sale was executed under a Rule 10b5-1 plan adopted on 3 Feb 2025.

How many CPF shares remain in the Hines & Ngo 2000 Family Trust after the sale?

The trust now holds 68,792 shares.

Were any derivative securities involved in this CPF Form 4 filing?

No. The filing lists no derivative security transactions.

Did the transaction change Ngo’s other RSU or PSU holdings?

No changes were reported to her RSU or PSU positions; only the common-stock sale was recorded.