4/A: Territorial Bancorp Inc. Executive Ralph Nakatsuka Reports Changes in Beneficial Ownership
SEC Form 4/A Filing
Ralph Nakatsuka, Vice Chairman & Co-COO of Territorial Bancorp Inc., filed an amended report (Form 4/A) detailing changes in beneficial ownership of company stock.
Summary
- On March 27, 2025, Ralph Nakatsuka disposed of 4,434 shares of Territorial Bancorp Inc. common stock at a price of $8.38 per share to cover tax obligations.
- Following the transaction, Nakatsuka directly owns 165,311 shares of common stock.
- Nakatsuka also indirectly owns 17,742 shares through an ESOP.
- The filing includes an amendment to a previous filing made on March 28, 2025.
- Some of the directly owned shares include restricted stock units vesting annually.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing. The sentiment is neutral as it simply reports changes in ownership.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 04/04/2023 | Commencement date for vesting of restricted stock units (1/3 per year). |
| 04/03/2024 | Commencement date for vesting of restricted stock units (1/3 per year). |
| 03/27/2025 | Date of transaction: Disposal of 4,434 shares of common stock. |
| 03/28/2025 | Date of original filing. |
| 04/18/2025 | Commencement date for vesting of restricted stock units (1/3 per year). |
| 04/02/2025 | Date of signature on the amended report. |
Keywords
Beneficial Ownership, Form 4, Territorial Bancorp Inc., TBNK, Ralph Nakatsuka, Stock Disposal, ESOP, Restricted Stock Units
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