Territorial Bancorp CEO Allan Kitagawa's 2022 pay slips 5% to $1.6M
Territorial Bancorp reports 2022 executive compensation
By ExecPay News
Published: April 18, 2023
Territorial Bancorp reported fiscal year 2022 executive compensation information on April 18, 2023.
In 2022, three executives at Territorial Bancorp received on average a compensation package of $987K, a 8% decrease compared to previous year.
Average pay of disclosed executives at Territorial Bancorp
Allan S. Kitagawa, Chief Executive Officer, received $1.6M in total, which decreased by 5% compared to 2021. 53% of Kitagawa's compensation, or $851K, was in salary. Kitagawa also received $239K in non-equity incentive plan, $312K in stock awards, as well as $197K in other compensation.
Vernon Hirata, Chief Operating Officer, received a compensation package of $688K, which decreased by 4% compared to previous year. 52% of the compensation package, or $355K, was in salary.
Ralph Y. Nakatsuka, Chief Operating Officer, earned $675K in 2022, a 17% decrease compared to previous year.
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Source: SEC filing on April 18, 2023.