Territorial Bancorp CEO Allan Kitagawa's 2023 pay slips 17% to $1.3M
Territorial Bancorp reports 2023 executive compensation
By ExecPay News
Published: April 16, 2024
Territorial Bancorp reported fiscal year 2023 executive compensation information on April 16, 2024.
In 2023, three executives at Territorial Bancorp received on average a compensation package of $811K, a 18% decrease compared to previous year.
Average pay of disclosed executives at Territorial Bancorp
Allan S. Kitagawa, Chief Executive Officer, received $1.3M in total, which decreased by 17% compared to 2022. 64% of Kitagawa's compensation, or $851K, was in salary. Kitagawa also received $38K in non-equity incentive plan, $309K in stock awards, as well as $122K in other compensation.
Vernon Hirata, Chief Operating Officer, received a compensation package of $565K, which decreased by 18% compared to previous year. 63% of the compensation package, or $355K, was in salary.
Ralph Y. Nakatsuka, Chief Operating Officer, earned $548K in 2023, a 19% decrease compared to previous year.
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Source: SEC filing on April 16, 2024.