Territorial Bancorp CEO Allan Kitagawa's 2009 pay rises 12% to $2.2M
Territorial Bancorp reports 2009 executive compensation
By ExecPay News
Published: July 12, 2010
Territorial Bancorp reported fiscal year 2009 executive compensation information on July 12, 2010.
In 2009, five executives at Territorial Bancorp received on average a compensation package of $814K, a 14% increase compared to previous year.
Average pay of disclosed executives at Territorial Bancorp
Allan S. Kitagawa, Chief Executive Officer, received $2.2M in total, which increased by 12% compared to 2008. 36% of Kitagawa's compensation, or $802K, was in salary. Kitagawa also received $698K of change in pension value and nonqualified deferred compensation earnings, $561K in non-equity incentive plan, as well as $149K in other compensation.
Vernon Hirata, Chief Operating Officer, received a compensation package of $679K, which increased by 17% compared to previous year. 42% of the compensation package, or $283K, was in salary.
Ralph Y. Nakatsuka, Chief Operating Officer, earned $666K in 2009, a 12% increase compared to previous year.
Richard K.C. Lau, Senior Vice President and Chief Lending Officer, received $290K in 2009, which increases by 21% compared to 2008.
Melvin M. Miyamoto, Senior Vice President and Treasurer principal financial officer, earned $227K in 2009, a 17% increase compared to previous year.
Related executives
Allan Kitagawa
Territorial Bancorp
Chief Executive Officer
Melvin Miyamoto
Territorial Bancorp
Senior Vice President and Treasurer principal financial officer
Vernon Hirata
Territorial Bancorp
Chief Operating Officer
Ralph Nakatsuka
Territorial Bancorp
Chief Operating Officer
Richard Lau
Territorial Bancorp
Senior Vice President and Chief Lending Officer
You may also like
Source: SEC filing on July 12, 2010.