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

Role
Director
Signature
/s/ Stacey Rocha, attorney-in-fact for Mr. Yonamine
Issuer symbol
CPF
Transactions as of
26 Apr 2023
Net transactions value
-$66,898
Form type
4
Filing time
26 Apr 2023, 14:36:01 UTC
Previous filing
20 Apr 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPF Common Stock Sale $66,898 -4,316 -18% $15.50 19,386 26 Apr 2023 Direct F1
holding CPF Common Stock 1,400 26 Apr 2023 Direct
holding CPF Common Stock 3,000 26 Apr 2023 CPF Directors Deferred Comp Plan
holding CPF Common Stock 8,627 26 Apr 2023 Direct
holding CPF Common Stock 2,400 26 Apr 2023 Direct F2
holding CPF Common Stock 5,270 26 Apr 2023 Direct F3
holding CPF Common Stock 6,256 26 Apr 2023 Direct F4
holding CPF Common Stock 3,421 26 Apr 2023 Direct F5
holding CPF Common Stock 7,363 26 Apr 2023 Direct F6
holding CPF Common Stock 3,520 26 Apr 2023 Direct F7
holding CPF Common Stock 10,729 26 Apr 2023 Direct F8
holding CPF Common Stock 24,411 26 Apr 2023 Direct F9
holding CPF Common Stock 1,125 26 Apr 2023 Direct F10
* 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