FRY EARL E 4

What Happened
Earl E. Fry, a director of Central Pacific Financial Corp (CPF), was granted 2,117 phantom shares on 2026-05-15 at a reported per-share value of $33.65, a total economic value of $71,237. The transaction is reported as a derivative award (transaction code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-05-15; 2,117 phantom shares valued at $33.65 each; total $71,237.
• Type: Derivative award/grant (phantom stock) held in the Director’s Deferred Compensation Plan.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 and F2 state these are board fees issued as phantom stock (each phantom share equals one common share economically) that are payable in cash after the director’s termination of service. F2 notes the 2026 board fees (covering 5/1/26–4/30/27) were approved by the Board Compensation Committee in Oct 2025.
• Timeliness: Filed 2026-05-18 for a 2026-05-15 transaction; filing appears timely per Form 4 rules.

Context
This was a compensation award (phantom stock) rather than a stock purchase or sale. Phantom shares are economic equivalents of common shares and generally do not convey current ownership rights (voting) and are typically paid out in cash after service ends, so this is a routine director compensation transaction rather than an immediate change in share ownership or a market-direction signal.