Martines Arnold D, President & CEO of Central Pacific Financial Corp (CPF), has demonstrated a consistent pattern of selling activity in the company’s stock, with no recorded purchases across 24 transactions totaling $775,539.64 in sales since 2024. The bulk of these transactions occurred in February of each year, with the most recent sales on February 17, 2026, amounting to $217,419.12, $70,685.28, $108,365.76, and $72,507.42. A similar pattern was observed in February 2025, with five sales totaling $209,997.37, including a single-day high of $63,863.19. Earlier transactions in February 2024 were smaller in scale, with sales ranging from $10,285.47 to $27,873.43.
The filings indicate that Martines’ transactions are primarily coded as "F" (dispositions under Rule 16b-3), suggesting they may be part of prearranged trading plans. Notably, no acquisitions (coded "A" or "P") were reported alongside these sales, reinforcing a clear divestment trend. While the sales are spread across multiple dates, they consistently align with mid-to-late February, potentially tied to annual vesting schedules or tax planning. The absence of any buying activity over this period underscores a one-directional approach, though the reasons remain undisclosed in the filings. All transactions involve CPF, reflecting Martines’ exclusive focus on his company’s stock.
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