Territorial Bancorp CEO Allan Kitagawa's 2021 pay rises 2% to $1.7M
Territorial Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 19, 2022
Territorial Bancorp reported fiscal year 2021 executive compensation information on April 19, 2022.
In 2021, three executives at Territorial Bancorp received on average a compensation package of $1.1M, which is about the same as previous year.
Average pay of disclosed executives at Territorial Bancorp
Allan S. Kitagawa, Chief Executive Officer, received $1.7M in total, which increased by 2% compared to 2020. 51% of Kitagawa's compensation, or $851K, was in salary. Kitagawa also received $340K in non-equity incentive plan, $311K in stock awards, as well as $176K in other compensation.
Ralph Y. Nakatsuka, Chief Operating Officer, received a compensation package of $810K, which decreased by 1% compared to previous year. 44% of the compensation package, or $355K, was in salary.
Vernon Hirata, Chief Operating Officer, earned $718K in 2021, a 5% decrease compared to previous year.
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Source: SEC filing on April 19, 2022.