Saedene K. Ota - May 19, 2023 Form 4 Insider Report for CENTRAL PACIFIC FINANCIAL CORP (CPF)

Role
Director
Signature
/s/ Stacey Rocha, attorney-in-fact for Ms. Ota
Stock symbol
CPF
Transactions as of
May 19, 2023
Transactions value $
$71,238
Form type
4
Date filed
5/22/2023, 06:21 PM
Previous filing
Aug 5, 2022
Next filing
May 15, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CPF DDC CPF Shares Award $71.2K +4.83K +158.36% $14.74 7.89K May 19, 2023 Common Stock 4.83K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2022 BOD Fees issued in CPF shares held in the Director's Deferred Comp Plan as phantom stock. Each phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash after the Director's termination of service.
F2 2023 BOD Fees issued in CPF shares held in the Director's Deferred Comp Plan as phantom stock. Each phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash after the Director's termination of service.