Form 4: Territorial Bancorp Inc. Executive Nakatsuka Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Ralph Y. Nakatsuka, Vice Chairman & Co-COO of Territorial Bancorp Inc., disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 4, 2024, Ralph Y. Nakatsuka disposed of 519 shares of Territorial Bancorp Inc. common stock at a price of $7.85 per share to cover tax obligations.
- Following this transaction, Nakatsuka directly owns 163,604 shares of common stock.
- On April 5, 2024, Nakatsuka disposed of 483 shares of Territorial Bancorp Inc. common stock at a price of $7.77 per share to cover tax obligations.
- Following this transaction, Nakatsuka directly owns 163,121 shares of common stock.
- Nakatsuka also indirectly owns 17,742 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes and doesn't convey any significant positive or negative information about the company's performance or outlook.
Industry Context
This filing is a routine disclosure related to executive stock transactions and doesn't necessarily indicate a broader trend within the banking industry.
Key Dates
| Date | Description |
|---|---|
| 04/05/2022 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 04/04/2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 04/03/2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 04/04/2024 | Transaction date: Disposal of 519 shares at $7.85 per share. |
| 04/05/2024 | Transaction date: Disposal of 483 shares at $7.77 per share. |
| 04/08/2024 | Date of signature for the Form 4 filing. |
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