Territorial Bancorp CEO Allan Kitagawa's 2020 pay slips 7% to $1.6M

Territorial Bancorp reports 2020 executive compensation

By ExecPay News

Published: April 13, 2021

Territorial Bancorp reported fiscal year 2020 executive compensation information on April 13, 2021.
In 2020, three executives at Territorial Bancorp received on average a compensation package of $1.1M, 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 7% compared to 2019. 52% of Kitagawa's compensation, or $851K, was in salary. Kitagawa also received $345K in non-equity incentive plan, $313K in stock awards, as well as $133K in other compensation.
Ralph Y. Nakatsuka, Chief Operating Officer, received a compensation package of $821K, which decreased by 12% compared to previous year. 42% of the compensation package, or $348K, was in salary.
Vernon Hirata, Chief Operating Officer, earned $753K in 2020, a 9% decrease compared to previous year.

Related executives

Allan Kitagawa

Territorial Bancorp

Chief Executive Officer

Vernon Hirata

Territorial Bancorp

Chief Operating Officer

Ralph Nakatsuka

Territorial Bancorp

Chief Operating Officer

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Source: SEC filing on April 13, 2021.