Central Pacific Financial Corp. (NYSE: CPF) has announced a temporary suspension of trading for its directors and executive officers. The company filed an -K with the Securities and Exchange Commission on November 10, 2026, to inform Covered Persons of a blackout period related to changes in its employee benefit plan.
The blackout period is being implemented in connection with the removal of the Central Pacific Financial Corp Stock Fund (the “CPF Stock Fund”) as an investment option under the Central Pacific Bank 401(k) Retirement Savings Plan. During this transition, participant balances invested in the CPF Stock Fund will be liquidated and transferred to an applicable Vanguard Target Retirement Fund, unless participants elect a different investment option prior to the blackout period.
Under the restrictions, which comply with Section 306 of the Sarbanes-Oxley Act of 2002 and Regulation BTR, Covered Persons will be prohibited from directly or indirectly purchasing, selling, or otherwise acquiring or transferring any equity securities or derivative securities of the Company. These restrictions apply regardless of whether the individual participates in the Plan and also extend to immediate family members living in the same household.
The blackout period is scheduled to begin at 4:00 p.m. Eastern Time on December 18, 2026, and is expected to end at 4:00 p.m. Eastern Time on December 24, 2026. The Company stated that it will advise Covered Persons if the blackout period ends earlier or later than anticipated.
Inquiries regarding the blackout period may be directed to Glenn Ching, Executive Vice President and Chief Legal Officer of the Company, by telephone at 808-544-0500 or in writing at c/o Central Pacific Bank, 220 South King Street, 22nd Floor, Honolulu, Hawaii 96813.
