Form 4 - Statement of changes in beneficial ownership of securities

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

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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^*

Martines Arnold D

(Last)

(First)

(Middle)

220 SOUTH KING ST

(Street)

HONOLULU

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2024

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/27/2024		G⁽¹⁾	V	3,882	D	$0	5,335	D
Common Stock⁽²⁾								982	D
Common Stock⁽³⁾								1,113	D
Common Stock⁽⁴⁾								491	D
Common Stock⁽⁵⁾								1,643	D
Common Stock⁽⁶⁾								1,490	D
Common Stock⁽⁷⁾								11,946	D
Common Stock⁽⁸⁾								696	D
Common Stock⁽⁹⁾								1,260	D
Common Stock⁽¹⁰⁾								2,950	D
Common Stock⁽¹¹⁾								2,405	D
Common Stock⁽¹²⁾								738	I	Spouse
Common Stock⁽¹³⁾								281	I	Spouse
Common Stock⁽¹⁴⁾								370	D
Common Stock⁽¹⁵⁾								4,584	D
Common Stock⁽¹⁶⁾								170	D
Common Stock⁽¹⁷⁾								197	D
Common Stock⁽¹⁸⁾								1,101	D
Common Stock⁽¹⁹⁾								579	I	Spouse
Common Stock⁽²⁰⁾								592	I	Spouse
Common Stock⁽²¹⁾								20,005	D
Common Stock⁽²²⁾								409	D
Common Stock								10,437	D
Common Stock								3,859	I	Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares gifted to AUW

2. 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.

3. 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.

4. 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.

5. 2/16/21 PSU Grant that cliff vests on 2/15/24 based on 2023 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/15/24.

6. 2/16/21 PSU Grant that cliff vests on 2/16/24 based on 2023 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/24.

7. 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years

8. 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

9. 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

10. 5/15/19 RSU Time-Based Grant. Shares vest evenly over 5 years

11. 5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.

12. 5/2/18 RSU time based grant. Shares vest evenly over 3 years

13. 6/1/20 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. 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

17. 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

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

19. RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.

20. 5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years

21. 2/15/24 RSU Grant. Shares vest evenly over 3 years.

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

	/s/ Stacey Rocha, attorney-in-fact for Arnold D. Martines	08/28/2024
	** 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.