CPFC enters into Change in Control agreements with executive officers, including CEO Arnold D. Martines, June 30, 2026

CENTRAL PACIFIC FINANCIAL CORP

CEO Arnold D. Martines eligible for 3x base salary plus 3x average bonus upon qualifying termination after change in control.
Other executive officers eligible for 2x base salary plus 2x average bonus under similar terms.
Agreements have three-year initial term, auto-renew annually unless company gives notice.
Full vesting of equity awards at target performance upon qualifying termination.
No excise tax gross-up; benefits subject to clawback and regulatory restrictions.

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