A. Catherine Ngo - 12 Jun 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
Issuer symbol
CPF
Transactions as of
12 Jun 2024
Net transactions value
-$67,360
Form type
4
Filing time
12 Jun 2024, 16:43:08 UTC
Previous filing
20 May 2024
Next filing
15 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPF Common Stock Sale $67,360 -3,333 -4.1% $20.21 78,690 12 Jun 2024 Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00 F1, F2
holding CPF Common Stock 5,886 12 Jun 2024 CPB Foundation
holding CPF Common Stock 5,995 12 Jun 2024 Direct F3
holding CPF Common Stock 6,793 12 Jun 2024 Direct F4
holding CPF Common Stock 1,689 12 Jun 2024 Direct F5
holding CPF Common Stock 7,645 12 Jun 2024 Direct F6
holding CPF Common Stock 3,548 12 Jun 2024 Direct
holding CPF Common Stock 5,594 12 Jun 2024 Direct F7, F8
holding CPF Common Stock 2,056 12 Jun 2024 Direct F9
holding CPF Common Stock 3,365 12 Jun 2024 Direct F10
holding CPF Common Stock 3,424 12 Jun 2024 Direct F11
holding CPF Common Stock 3,039 12 Jun 2024 Direct F12
holding CPF Common Stock 5,717 12 Jun 2024 Direct F13
holding CPF Common Stock 9,746 12 Jun 2024 Direct F14
holding CPF Common Stock 6,363 12 Jun 2024 Direct F14
holding CPF Common Stock 2,375 12 Jun 2024 Direct F15
holding CPF Common Stock 3,681 12 Jun 2024 Direct F16
holding CPF Common Stock 3,128 12 Jun 2024 Direct F17
holding CPF Common Stock 2,258 12 Jun 2024 Direct F18
holding CPF Common Stock 9,480 12 Jun 2024 Direct
holding CPF Common Stock 5,767 12 Jun 2024 Direct F19
holding CPF Common Stock 2,714 12 Jun 2024 Robert Hines IRA
holding CPF Common Stock 2,855 12 Jun 2024 Direct F20
holding CPF Common Stock 11,431 12 Jun 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 $20.21 to $20.21 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.