Martines Arnold D 4

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.