[Form 4] CENTRAL PACIFIC FINANCIAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Central Pacific Financial Corp (CPF) director Agnes Catherine Ngo sold 3,333 shares of Common Stock on 09/12/2025 at a weighted average price of $30.656 per share under a pre-existing Rule 10b5-1 plan entered on 02/03/2025, meaning the reporting person had no discretion over the timing. After the reported transactions, the filing lists 60,514 shares beneficially owned indirectly by Ms. Ngo as Co-Trustee of the Hines & Ngo 2000 Family Trust and additional indirect and direct holdings across multiple grant and trust accounts described in the form. The filing details a series of past equity awards and vesting clarifications for performance and time-based PSUs/RSUs that account for many of the holdings reported.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating the reporting person had no discretion over transaction timing
• Detailed disclosure of holdings and grant origins including PSU/RSU vesting histories and clarifications of prior filings
• Reporting person identified as a director and transaction properly signed by attorney-in-fact, showing procedural compliance

Negative

• Disposition of 3,333 shares on 09/12/2025 at a weighted average price of $30.656 reduces the reporting person's shareholdings
• Significant portion of ownership is indirect through trusts and foundations, which can complicate direct monitoring of insider ownership changes

Insights

Securities/Insider Transaction Analyst

TL;DR: Director sale of 3,333 shares executed under a 10b5-1 plan; holdings remain substantial and many shares arise from vested awards.

The Form 4 shows a single reported sale on 09/12/2025 for 3,333 shares at a weighted average price of $30.656, executed pursuant to a Rule 10b5-1 plan dated 02/03/2025, which supports an affirmative defense for planned trading. The filing lists total indirect beneficial ownership of 60,514 shares tied to trusts and additional holdings derived from historical PSU/RSU grants and vesting schedules. Disclosure is comprehensive regarding the provenance of holdings via multiple grant vintages and clarifying prior filings.

Corporate Governance Specialist

TL;DR: Report is a routine, properly documented insider sale with clear disclosures about award vesting and indirect holdings.

The submission identifies the reporting person as a director and provides explanations for numerous grant-related holdings (PSUs and RSUs across grant years) and clarifies prior combined filings. Use of a 10b5-1 plan is explicitly stated, reducing concerns about trading on undisclosed information. The filing includes an attorney-in-fact signature, evidencing procedural compliance.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Ngo Agnes Catherine

(Last) (First) (Middle)

220 S KING STREET

(Street)

HONOLULU HI 96813

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CENTRAL PACIFIC FINANCIAL CORP [ CPF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/12/2025		S(1)		3,333	D	$30.656(2)	60,514	I	Co-Trustee of Hines & Ngo 2000 Family Trust dtd 4/18/00
Common Stock								5,886	I	CPB Foundation
Common Stock(3)								5,995	D
Common Stock(4)								6,793	D
Common Stock(5)								1,689	D
Common Stock(6)								2,588	D
Common Stock(7)								4,735	D
Common Stock(8)								7,645	D
Common Stock								3,548	D
Common Stock(9)(10)								5,594	D
Common Stock(11)								2,056	D
Common Stock(12)								3,365	D
Common Stock(13)								3,424	D
Common Stock(14)								3,039	D
Common Stock(15)								5,717	D
Common Stock(16)								9,746	D
Common Stock(16)								6,363	D
Common Stock(17)								2,375	D
Common Stock(18)								3,681	D
Common Stock(19)								3,128	D
Common Stock(20)								2,258	D
Common Stock								9,480	D
Common Stock(21)								5,767	D
Common Stock								2,714	I	Robert Hines IRA
Common Stock(22)								2,855	D
Common Stock(23)								11,431	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 Plan entered into by the reporting person on February 3, 2025. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.

2. Represents the weighted average purchase price. The shares were purchased at prices ranging from $30.44 to $30.83 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.

3. 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.

4. 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.

5. 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.

6. 2/15/22 PSU Grant that cliff vests on 2/15/25 based on 2024 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/18/25.

7. 2/15/22 PSU Grant that cliff vests on 2/15/25 based on 2024 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/18/25.

8. 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.

9. 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.

10. 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.

11. 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.

12. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

13. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

14. 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

15. 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years

16. 2/16/21 RSU Time-Based Grant. Shares vest evently over 2 years

17. 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

18. 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

19. RSU time-based grant. Shares vest evenly over 3 years

20. RSUs time-based; granted 2/17/15

21. 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.

22. 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.

23. RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.

	/s/ Stacey Rocha, attorney-in-fact for Ms. A.C. Ngo	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CPF director Agnes Catherine Ngo report on Form 4?

The filing reports a sale of 3,333 shares of CPF common stock on 09/12/2025 at a weighted average price of $30.656 per share.

Was Ms. Ngo's sale discretionary or part of a trading plan?

The sale was executed pursuant to a Rule 10b5-1 plan dated 02/03/2025, and the filing states she had no discretion over the timing.

How many CPF shares does Ms. Ngo beneficially own after the reported transaction?

The Form 4 reports 60,514 shares beneficially owned indirectly following the reported transactions.

Does the filing explain the source of Ms. Ngo's holdings?

Yes; the filing details multiple PSU and RSU grants from various years and clarifies prior combined filings to show how holdings were created and vested.

Who signed the Form 4 on behalf of Ms. Ngo?

The form was signed by Stacey Rocha, attorney-in-fact for Ms. A.C. Ngo on 09/12/2025.