Territorial Bancorp CEO Allan Kitagawa's 2010 pay jumps 206% to $6.8M
Territorial Bancorp reports 2010 executive compensation
By ExecPay News
Published: April 18, 2011
Territorial Bancorp reported fiscal year 2010 executive compensation information on April 18, 2011.
In 2010, five executives at Territorial Bancorp received on average a compensation package of $3M, a 271% increase compared to previous year.
Average pay of disclosed executives at Territorial Bancorp
Allan S. Kitagawa, Chief Executive Officer, received $6.8M in total, which increased by 206% compared to 2009. 47% of Kitagawa's compensation, or $3.2M, was in stock awards. Kitagawa also received $745K of change in pension value and nonqualified deferred compensation earnings, $818K in non-equity incentive plan, $1M in option awards, $818K in salary, as well as $145K in other compensation.
Vernon Hirata, Chief Operating Officer, received a compensation package of $3.7M, which increased by 445% compared to previous year. 57% of the compensation package, or $2.1M, was in stock awards.
Ralph Y. Nakatsuka, Chief Operating Officer, earned $3.4M in 2010, a 406% increase compared to previous year.
Richard K.C. Lau, Senior Vice President and Chief Lending Officer, received $675K in 2010, which increases by 133% compared to 2009.
Melvin M. Miyamoto, Senior Vice President and Treasurer principal financial officer, earned $591K in 2010, a 160% 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
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Source: SEC filing on April 18, 2011.