Territorial Bancorp CEO Allan Kitagawa's 2019 pay slips 4% to $1.8M
Territorial Bancorp reports 2019 executive compensation
By ExecPay News
Published: May 8, 2020
Territorial Bancorp reported fiscal year 2019 executive compensation information on May 8, 2020.
In 2019, three executives at Territorial Bancorp received on average a compensation package of $1.2M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Territorial Bancorp
Allan S. Kitagawa, Chief Executive Officer, received $1.8M in total, which decreased by 4% compared to 2018. 48% of Kitagawa's compensation, or $851K, was in salary. Kitagawa also received $383K in non-equity incentive plan, $308K in stock awards, as well as $219K in other compensation.
Ralph Y. Nakatsuka, Chief Operating Officer, received a compensation package of $928K, which is about the same as previous year. 37% of the compensation package, or $348K, was in salary.
Vernon Hirata, Chief Operating Officer, earned $825K in 2019, a 1% decrease compared to previous year.
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Source: SEC filing on May 8, 2020.