Form 4: Territorial Bancorp Inc. Executive Vernon Hirata Reports Changes in Beneficial Ownership

Vernon Hirata, Vice Chairman & Co-COO, General Counsel & Secretary of Territorial Bancorp Inc., reports acquisition and disposal of common stock.

Summary

• On February 13, 2025, Vernon Hirata acquired 1,146 shares of common stock at $0 and disposed of 549 shares at $8.84.
• Following these transactions, Hirata directly owns 88,103 shares of common stock.
• Hirata also indirectly owns shares through a 401(k) (53,634 shares), a trust (15,600 shares), an ESOP (17,742 shares), and a spouse's ESOP (441 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and doesn't convey strong positive or negative sentiment. It simply reports transactions.

Positives

• The vesting of restricted stock indicates that performance criteria were met to some extent.

Negatives

• The disposal of 549 shares could be interpreted negatively, although the reason for disposal is not specified.

Risks

• The Form 4 filing itself doesn't inherently indicate risks, but monitoring insider transactions is important for assessing management's confidence in the company.

Future Outlook

The document does not contain any specific forward-looking statements about the company's future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their insiders. They provide transparency into the buying and selling activities of company executives and directors.

Stakeholder Impact

• Shareholders may be interested in insider transactions as an indicator of management's view of the company's prospects.

Key Dates

Keywords

Form 4, Territorial Bancorp, Insider Trading, Beneficial Ownership, Vernon Hirata, TBNK, Restricted Stock, Executive Compensation