Agnes Catherine Ngo - May 13, 2024 Form 4 Insider Report for CENTRAL PACIFIC FINANCIAL CORP (CPF)

Role
Director
Signature
/s/ Stacey Rocha, attorney-in-fact for Ms. A.C. Ngo
Stock symbol
CPF
Transactions as of
May 13, 2024
Transactions value $
-$70,629
Form type
4
Date filed
5/13/2024, 06:48 PM
Previous filing
Apr 12, 2024
Next filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPF Common Stock Sale -$70.6K -3.33K -3.9% $21.19 82K May 13, 2024 Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00 F1, F2
holding CPF Common Stock 5.89K May 13, 2024 CPB Foundation
holding CPF Common Stock 6K May 13, 2024 Direct F3
holding CPF Common Stock 6.79K May 13, 2024 Direct F4
holding CPF Common Stock 1.69K May 13, 2024 Direct F5
holding CPF Common Stock 7.65K May 13, 2024 Direct F6
holding CPF Common Stock 3.55K May 13, 2024 Direct
holding CPF Common Stock 5.59K May 13, 2024 Direct F7, F8
holding CPF Common Stock 2.06K May 13, 2024 Direct F9
holding CPF Common Stock 3.37K May 13, 2024 Direct F10
holding CPF Common Stock 3.42K May 13, 2024 Direct F11
holding CPF Common Stock 3.04K May 13, 2024 Direct F12
holding CPF Common Stock 5.72K May 13, 2024 Direct F13
holding CPF Common Stock 9.75K May 13, 2024 Direct F14
holding CPF Common Stock 6.36K May 13, 2024 Direct F14
holding CPF Common Stock 2.38K May 13, 2024 Direct F15
holding CPF Common Stock 3.68K May 13, 2024 Direct F16
holding CPF Common Stock 3.13K May 13, 2024 Direct F17
holding CPF Common Stock 2.26K May 13, 2024 Direct F18
holding CPF Common Stock 9.48K May 13, 2024 Direct
holding CPF Common Stock 5.77K May 13, 2024 Direct F19
holding CPF Common Stock 2.71K May 13, 2024 Robert Hines IRA
holding CPF Common Stock 2.86K May 13, 2024 Direct F20
holding CPF Common Stock 11.4K May 13, 2024 Direct F21
* 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 May 1, 2023. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
F2 Represents the weighted average purchase price. The shares were purchased at prices ranging from $21.13 to $21.275 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.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
F11 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
F12 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.
F13 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
F14 2/16/21 RSU Time-Based Grant. Shares vest evently over 2 years
F15 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years
F16 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
F17 RSU time-based grant. Shares vest evenly over 3 years
F18 RSUs time-based; granted 2/17/15
F19 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.
F20 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.
F21 RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.