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Central Pacific Financial Executive Compensation (FY25)

CPF · Executive and director compensation, fiscal 2023 to 2025
Data as of September 5, 2026Latest filing (8-K): May 4, 2026
254 figures on this page: 243 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Arnold Martines, Chairman, President, Chief Executive Officer, received $2,763,135 in total compensation for fiscal 2025, and compared with the $2,106,033 reported for fiscal 2024, Martines' total was 31.2% higher. The disclosed chief executive pay ratio for fiscal 2025 is 36.1:1, against median employee compensation of $76,473. The say-on-pay proposal drew 87.7% of votes cast for or against in favor at the meeting held April 30, 2026 for fiscal 2025. The disclosed peer group includes Amalgamated Financial Corp., Bank of Hawaii Corporation, Bank of Marin Bancorp, ConnectOne Bancorp, Inc. and First Foundation Inc., among others.
Chief executive, fiscal 2025
◇
Arnold Martines
Latest say-on-pay support
=
April 30, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Arnold Martines: $2,106,033 → $2,763,135 (31.2% higher)
Say-on-pay support: 97.7% → 87.7% (10.0 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Central Pacific Financial's chief executive and what were they paid?
Arnold Martines, Chairman, President, Chief Executive Officer, received $2,763,135 in total compensation for fiscal 2025. Compared with the $2,106,033 reported for fiscal 2024, Martines' total was 31.2% higher.
What was Central Pacific Financial's say-on-pay result?
The say-on-pay proposal drew 87.7% of votes cast for or against in favor at the meeting held April 30, 2026 for fiscal 2025.
Which companies are in Central Pacific Financial's peer group?
The disclosed peer group includes Amalgamated Financial Corp., Bank of Hawaii Corporation, Bank of Marin Bancorp, ConnectOne Bancorp, Inc. and First Foundation Inc., among others.
What is Central Pacific Financial's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 36.1:1, against median employee compensation of $76,473.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Arnold Martines
Chairman, President, Chief Executive Officer
◇—◇—◇—◇◇
David Morimoto
Vice Chairman, Chief Operating Officer
◇—◇—◇—◇◇
Kisan Jo
Executive Vice President, Retail, Wealth and International Markets
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Arnold Martines
Chairman, President, Chief Executive Officer
◇—◇—◇—◇◇
David Morimoto
Vice Chairman, Chief Operating Officer
◇—◇—◇—◇◇
Kisan Jo
Executive Vice President, Retail, Wealth and International Markets
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Arnold Martines
Chairman, President, Chief Executive Officer
◇—◇—◇—◇◇
David Morimoto
Vice Chairman, Chief Operating Officer
◇—◇—◇—◇◇
Ralph Mesick
Senior Executive Vice President, Chief Risk Officer
◇—◇—◇—◇◇
Dayna Matsumoto
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Kisan Jo
Executive Vice President, Retail, Wealth and International Markets
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Arnold D. MartinesRSU◇——◇——◇
Arnold D. MartinesPSU◇—◇—◇—◇
David S. MorimotoRSU◇——◇——◇
David S. MorimotoPSU◇—◇—◇—◇
Dayna N. MatsumotoPSU◇—◇—◇—◇
Dayna N. MatsumotoRSU◇——◇——◇
Kisan JoPSU◇—◇—◇—◇
Kisan JoRSU◇——◇——◇
Ralph M. MesickRSU◇——◇——◇
Ralph M. MesickPSU◇—◇—◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Dayna MatsumotoRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Kisan JoRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Arnold MartinesPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Ralph MesickRSU◇◇——
PSU◇◇——
PSU◇◇——
David MorimotoPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paul K. Yonamine
◇◇———◇◇
A. Catherine Ngo
◇◇———◇◇
Diane S.L. Paloma
◇◇————◇
Crystal K. Rose
◇◇————◇
Jonathan B. Kindred
◇◇————◇
Earl E. Fry
◇◇————◇
Saedene K. Ota
◇◇————◇
Paul J. Kosasa
◇◇————◇
Robert K.W.H. Nobriga
Lead independent director
◇◇————◇
Jason R. Fujimoto
◇◇————◇
Christopher T. Lutes
◇◇————◇
Arnold D. Martines served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Stock.
Stock ownership guideline: 25,000 shares or 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Amalgamated Financial Corp. AMAL
  • Bank of Hawaii Corporation BOH
  • Bank of Marin Bancorp BMRC
  • ConnectOne Bancorp, Inc. CNOB
  • First Foundation Inc. FFWM
  • First Hawaiian, Inc. FHB
  • Hanmi Financial Corporation HAFC
  • Heritage Financial Corporation HFWA
  • HomeTrust Bancshares, Inc. HTB
  • OceanFirst Financial Corp. OCFC
  • TriCo Bancshares TCBK
  • Westamerica Bancorporation WABC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 30, 2026=◇◇◇
2024April 24, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 21, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 23, 2020=◇◇◇
2018April 26, 2019=◇◇◇
2017April 27, 2018=◇◇◇
2016April 28, 2017=◇◇◇
2015April 29, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Central Pacific Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Central Pacific Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
254 figures on this page: 243 cited to the filing that reported them, 11 calculated from figures it prints.
243 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000701347-26-000032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-008251
    CEO Pay Ratio Disclosure · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0000701347-25-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-007600
    Summary Compensation Table
  5. 0001140361-24-012292
    Summary Compensation Table
  6. 0000701347-23-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000701347-22-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000701347-21-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000701347-20-000009
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000701347-19-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-18-029134
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-17-028924
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001104659-16-117448
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Central Pacific Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CPF (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Central Pacific Financial discloses

The companies named in CPF's own disclosed peer group.

Amalgamated Financial Corp.Bank of Hawaii CorporationBank of Marin BancorpConnectOne Bancorp, Inc.First Hawaiian, Inc.Hanmi Financial CorporationHeritage Financial CorporationHomeTrust Bancshares, Inc.OceanFirst Financial Corp.TriCo BancsharesWestamerica Bancorporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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