Martines Arnold D 4
4 · CENTRAL PACIFIC FINANCIAL CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Central Pacific (CPF) CEO Arnold D. Martines Receives RSU Grant
What Happened
- Arnold D. Martines, President & CEO of Central Pacific Financial Corp (CPF), received a grant of 11,635 restricted stock units (RSUs) on 2026-02-17 (transaction code A).
- On the same date, 7,317 shares were reported as disposed under code F to satisfy tax liabilities (three withholdings: 2,109 @ $34.38 = $72,507; 3,152 @ $34.38 = $108,366; 2,056 @ $34.38 = $70,685; total withheld = $251,558).
- Net shares potentially issued to Martines from this activity = 11,635 granted − 7,317 withheld = 4,318 shares. This is an award plus routine tax withholding rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-17; Form filed 2026-02-19 (timely filing).
- Withholding price used in the filing: $34.38 per share. Total value withheld = $251,558.
- Grant footnote: F1 — 2/17/26 RSU Grant; shares vest evenly over 3 years.
- Tax withholding footnote: F3 — shares used to satisfy taxes on vested shares.
- Shares owned after the transactions: Not specified in the provided filing details.
- Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (i.e., share withholding).
Context
- This appears to be a standard RSU award with shares withheld to cover tax obligations (a cashless "sell/withholding to cover taxes"), not an indicator of a deliberate open‑market sale.
- Implied gross value of the 11,635 RSUs at $34.38/share (the withholding price) is about $400,000 — shown only as an approximate reference based on the reported withholding price.
- Retail investors should view this as routine executive compensation reporting (award + tax withholding), not a straightforward buy or sell signal.
Insider Transaction Report
Form 4
Martines Arnold D
Chairman, President & CEO
Transactions
- Award
Common Stock
[F1]2026-02-17+11,635→ 11,635 total - Tax Payment
Common Stock
[F2][F3]2026-02-17$34.38/sh−2,109$72,507→ 8,398 total - Tax Payment
Common Stock
[F4][F3]2026-02-17$34.38/sh−3,152$108,366→ 14,702 total - Tax Payment
Common Stock
[F5][F3]2026-02-17$34.38/sh−2,056$70,685→ 10,996 total
Holdings
- 982
Common Stock
[F6] - 1,113
Common Stock
[F7] - 491
Common Stock
[F8] - 1,069
Common Stock
[F9] - 1,956
Common Stock
[F10] - 1,643
Common Stock
[F11] - 1,490
Common Stock
[F12] - 696
Common Stock
[F13] - 1,260
Common Stock
[F14] - 2,950
Common Stock
[F15] - 2,405
Common Stock
[F16] - 738(indirect: By Spouse)
Common Stock
[F17] - 281(indirect: By Spouse)
Common Stock
[F18] - 370
Common Stock
[F19] - 3,813
Common Stock
[F20] - 170
Common Stock
[F21] - 197
Common Stock
[F22] - 1,101
Common Stock
[F23] - 579(indirect: By Spouse)
Common Stock
[F24] - 592(indirect: By Spouse)
Common Stock
[F25] - 409
Common Stock
[F26] - 10,437
Common Stock
- 3,859(indirect: By Spouse)
Common Stock
- 1,335
Common Stock
Footnotes (26)
- [F1]2/17/26 RSU Grant. Shares vest evenly over 3 years.
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years
- [F14]2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years
- [F15]5/15/19 RSU Time-Based Grant. Shares vest evenly over 5 years
- [F16]5/15/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
- [F17]5/2/18 RSU time based grant. Shares vest evenly over 3 years
- [F18]6/1/20 RSU Time-Based Grant. Shares vest evenly over 3 years.
- [F19]2/15/18 RSU time-based grant. Shares vest evenly over 3 years.
- [F2]2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years
- [F20]2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years
- [F21]2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years
- [F22]2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.
- [F23]RSU time-based grant. Shares vest evenly over 3 years
- [F24]RSU grant; 3-year time-based vesting, in which 1/3 will vest each year.
- [F25]5/2/17 RSU Time-Based Grant. Shares vest evenly over 3 years
- [F26]RSUs time-based; granted 2/17/15
- [F3]Shares used for taxes on vested shares
- [F4]2/15/24 RSU Grant. Shares vest evenly over 3 years.
- [F5]2/18/25 RSU Grant. Shares vest evenly over 3 years.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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.
Signature
/s/ Stacey Rocha, attorney-in-fact for Arnold D. Martines|2026-02-19