# EDGAR Filing Document

**Accession Number:** 0000701347
**File Stem:** 0001127602-23-006018
**Filing Date:** 2023-2
**Character Count:** 12412
**Document Hash:** 615eb49088e7a0ece83cbc673e9d30da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001127602-23-006018.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001127602-23-006018

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230215

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Morimoto David
- **CENTRAL INDEX KEY:** 0001646703

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31567
- **FILM NUMBER:** 23644849

**MAIL ADDRESS:**
- **STREET 1:** 220 SOUTH KING ST
- **STREET 2:** #870
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CENTRAL PACIFIC FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000701347
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 990212597
- **STATE OF INCORPORATION:** HI
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 220 S KING ST
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813
- **BUSINESS PHONE:** 8085440500

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 3590
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CPB INC
- **DATE OF NAME CHANGE:** 19920703

## Ex-24

```

Power of Attorney
(Exchange Act, Section 16(a), Forms 3, 4, 5)

The undersigned hereby appoints each of the Chief Executive Officer, President,
Chief Financial Officer, Treasurer,Controller, any Human Resources Manager, Gen
eral Counsel, Corporate Secretary, and any of their designees, of Central
Pacific Financial Corp. (the ?Company?) and Central Pacific Bank, signing
singly,the undersigned's true and lawful attorney-in-fact to:

(1) prepare,execute for and in the undersigned's name and on the undersigned's
behalf, and in the undersigned's capacity as an officer or director of the
Company, and submit to the United States Securities and Exchange Commission
(the "SEC"), Forms 3, 4 and 5, including amendments thereto, in accordance
with Section 16(a) of the Securities Exchange Act of 1934 (?Exchange Act?)
or any rule or regulation of the SEC, and any other forms or reports the
undersigned may be required to file in connection with the undersigned's
ownership, acquisition, or disposition of securities of the Company, and any
other documents necessary or appropriate to obtain codes and passwords
enabling the undersigned to make electronic filings with the SEC of
reports required by Section 16(a) of the Exchange Act or any rule or
regulation of the SEC;

(2) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4, or 5,
or other form or report, and timely file such form or report with the SEC and
any stock exchange or similar authority;and,

(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact may approve
in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to allintents and purposes as the undersigned might or
could do if personally present,with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's designees, shall lawfully do or cause to be done by virtue
of this power of attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorneys-in-fact, in serving in
such capacity at the request of the undersigned, are not assuming, nor is the
Company or Central Pacific Bank assuming any of the undersigned's
responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

The undersigned has executed this Power of Attorney on 6/7/2015.

/s/David Morimoto

David Morimoto
Print Name

2015-3280
DocuSign Envelope ID: 612CD99B-5D6C-4F13-8736-ED4DE7AB8886
6/7/2015
David Morimoto

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Morimoto David<br><sub>(Last) (First) (Middle)</sub><br>220 SOUTH KING ST<br><sub>(Street)</sub><br>HONOLULU, HI 96813<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-15 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Senior EVP, CFO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>CENTRAL PACIFIC FINANCIAL CORP [ CPF ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 2023-02-15 |  | F<sup>(2)</sup> |  | 286 | D | $23.72 | 1425 | D |  |
| Common Stock<sup>(3)</sup> | 2023-02-15 |  | F<sup>(2)</sup> |  | 662 | D | $23.72 | 4621 | D |  |
| Common Stock<sup>(4)</sup> | 2023-02-15 |  | F<sup>(2)</sup> |  | 881 | D | $23.72 | 6511 | D |  |
| Common Stock<sup>(4)</sup> | 2023-02-15 |  | F<sup>(2)</sup> |  | 598 | D | $23.72 | 3920 | D |  |
| Common Stock<sup>(5)</sup> | 2023-02-15 |  | A |  | 7747 | A | $0 | 7747 | D |  |
| Common Stock<sup>(6)</sup> |  |  |  |  |  |  |  | 1766 | D |  |
| Common Stock<sup>(7)</sup> |  |  |  |  |  |  |  | 1909 | D |  |
| Common Stock<sup>(8)</sup> |  |  |  |  |  |  |  | 859 | D |  |
| Common Stock |  |  |  |  |  |  |  | 2377 | D |  |
| Common Stock<sup>(9)</sup> |  |  |  |  |  |  |  | 865 | D |  |
| Common Stock<sup>(10)</sup> |  |  |  |  |  |  |  | 1252 | D |  |
| Common Stock<sup>(11)</sup> |  |  |  |  |  |  |  | 1672 | D |  |
| Common Stock<sup>(12)</sup> |  |  |  |  |  |  |  | 984 | D |  |
| Common Stock<sup>(13)</sup> |  |  |  |  |  |  |  | 869 | D |  |
| Common Stock<sup>(14)</sup> |  |  |  |  |  |  |  | 939 | D |  |
| Common Stock<sup>(15)</sup> |  |  |  |  |  |  |  | 1582 | D |  |
| Common Stock |  |  |  |  |  |  |  | 255 | D |  |
| Common Stock |  |  |  |  |  |  |  | 4405 | D |  |
| Common Stock |  |  |  |  |  |  |  | 2399 | D |  |
| Common Stock<sup>(16)</sup> |  |  |  |  |  |  |  | 455 | D |  |
| Common Stock<sup>(17)</sup> |  |  |  |  |  |  |  | 2586 | D |  |
| Common Stock<sup>(18)</sup> |  |  |  |  |  |  |  | 1949 | D |  |
| Common Stock<sup>(19)</sup> |  |  |  |  |  |  |  | 3575 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) 2/18/20 RSU Time-Based Grant. Shares vest evenly over 3 years

(2) Shares used for taxes on vested shares

(3) 2/15/22 RSU Time-Based Grant. Shares vest evenly over 3 years

(4) 2/16/21 RSU Time-Based Grant. Shares vest evenly over 3 years.

(5) 2/15/23 RSU Time-Based Grant. Shares vest evenly over 3 years

(6) 2/15/17 PSU Grant that cliff vests on 2/18/20 based on 2019 year-end performance results. Amount reported is actual number of shares that vested and were issued on 2/18/20.

(7) 2/15/18 PSU Grant that cliff vests on 2/16/21 based on 2020 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/16/21.

(8) 2/15/19 PSU Grant that cliff vests on 2/15/22 based on 2021 year-end performance results/approval. Amount reported is actual number of shares that vested and were issued on 2/15/22.

(9) 2/17/15 PSU Grant. Shares to vest on 2/15/18, based on performance criteria results.

(10) 2/15/19 RSU Time-Based Grant. Shares vest evenly over 3 years

(11) 5/15/20 RSU Time-Based Grant.  Shares vest evenly over 3 years.

(12) 2/15/18 RSU time-based grant. Shares vest evenly over 3 years.

(13) 2/15/17 RSU Time-Based Grant. Shares vest evenly over 3 years

(14) 2/16/16 RSU Time-Based Grant. Shares vest equally over 3 years.

(15) RSU time-based grant. Shares vest evenly over 3 years

(16) RSU time-based grant 2/15/15. Vesting schedule: 243-2/15/16; 242-2/15/17; 243-2/15/18

(17) RSU time-based grant 5/15/14. Outstanding balance as of 7/1/15. Vesting schedule: 1,000-5/15/16; 1,000-5/15/17; 1,000-5/15/18; 1,000-5/15/19

(18) RSU time-based grant 5/2/11. Outstanding balance as of 7/1/15. 3,710 shares to vest on 5/2/16

(19) RSU time-based grant 8/17/15, with 5-year vesting schedule, whereby shares to vest in equal increments over 5-years.

**Signature:** /s/ Stacey Rocha, attorney-in-fact for David Morimoto  
**Date:** 2023-02-17

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**