Morimoto David, Senior EVP and CFO, has exclusively engaged in selling activity involving shares of Central Pacific Financial Corp. (CPF) across 23 transactions totaling $428,157.90 since February 2024, with no recorded purchases. The sales occurred in concentrated clusters, most notably on February 17, 2026, when four transactions—ranging from $24,512.94 to $115,894.98—accounted for $214,393.68 in proceeds. A similar pattern emerged on February 18, 2025, with five sales totaling $129,399.02, including a single transaction valued at $39,161.11. Earlier activity in February 2024 saw smaller but more frequent dispositions, with six sales over two days averaging $14,711.03 per transaction. The filings indicate these were primarily open-market sales (coded "F"), with no accompanying acquisitions (coded "A") during the same periods. The absence of buying activity and the repeated multi-year February selling pattern—coinciding with the company’s annual reporting cycle—suggest a structured divestment approach, though the transactions represent only a partial reduction in holdings given their modest individual sizes relative to typical executive equity compensation. All sales were executed within narrow timeframes, with no trades reported outside these annual clusters.
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