Central Pacific Financial (CPF) executive compensation, 2026 proxy

Arnold D. Martines, Chairman, President, Chief Executive Officer, was paid $2.8M in 2025, up 31% from $2.1M the year before. The CEO-to-median-employee pay ratio was 36:1, on median employee pay of $76,473.

Filed
March 6, 2026
Annual meeting
April 30, 2026
Pay year
2025
Named executives
5
CEO total pay
$2.8M+31% vs prior year
CEO to median employee
36:1median $76,473
CEO pay in equity
29%$787,526 in awards
Prior say-on-pay support
98%of votes cast
CEO Target Cash Incentive
$715,000Target amount
Say-on-Pay Support
98%Prior year support
Net Income
$77.5MFor fiscal 2025

How Martines was paid

$2.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary25%Stock awards29%Non-equity incentive42%All other compensation4%

Named executive officers

ExecutiveTotal
Arnold D. MartinesChairman, President, Chief Executive Officer$2,763,135
David S. MorimotoVice Chairman Chief Operating Officer$1,618,729
Ralph M. MesickSr. Executive Vice President Chief Risk Officer$1,238,983
Dayna N. MatsumotoExecutive Vice President Chief Financial Officer$843,970
Kisan JoExecutive Vice President, Retail, Wealth and International Markets$772,336

What changed and why

  • $2.8MCEO total compensation increased to $2,763,135 in fiscal 2025 compared to $2,106,033 in the prior year.
  • 161%Named executive officers were paid between 161% and 163% of their target annual incentive awards.
  • Core net income, core efficiency ratio, and business plan goals drove the annual incentive plan funding.
  • 98%Approximately 98% of the votes cast were in favor of the say-on-pay proposal last year.
  • $23.3MThe company repurchased 788,261 shares of common stock for a total of $23.3 million.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.