Paul K. Yonamine - Apr 26, 2023 Form 4 Insider Report for CENTRAL PACIFIC FINANCIAL CORP (CPF)

Role
Director
Signature
/s/ Stacey Rocha, attorney-in-fact for Mr. Yonamine
Stock symbol
CPF
Transactions as of
Apr 26, 2023
Transactions value $
-$66,898
Form type
4
Date filed
4/26/2023, 02:36 PM
Previous filing
Apr 20, 2023
Next filing
Feb 20, 2024

Transactions Table

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 Plan entered into by the reporting person on February 27, 2023. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
F2 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.
F3 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.
F4 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.
F5 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
F6 2/15/19-2 RSU Time Based grant. Shares vest evenly over 3 years
F7 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
F8 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
F9 2/16/21 RSU Time-Based Grant. Shares vest evenly over 2 years.
F10 RSU time-based grant. Shares vest evenly over 3 years