4/A: Territorial Bancorp Inc. Executive Vernon Hirata Reports Changes in Beneficial Ownership
SEC Form 4/A
Vernon Hirata, Vice Chairman & Co-COO, General Counsel & Secretary of Territorial Bancorp Inc., filed an amendment to a previous Form 4, reporting changes in beneficial ownership of common stock.
Summary
- On March 27, 2025, Vernon Hirata reported a disposition of 5,134 shares of Territorial Bancorp Inc. common stock at a price of $8.38.
- Following the transaction, Hirata directly owns 82,969 shares of common stock.
- Hirata also indirectly owns 54,342 shares through a 401(k), 15,600 shares through a trust, 17,742 shares through an ESOP, and 441 shares through a spouse's ESOP.
- The filing includes an amendment to a previous filing made on March 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself doesn't necessarily indicate positive or negative sentiment. It's a neutral disclosure of insider activity.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 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. |
| 03/27/2025 | Date of the reported transaction (disposition of shares). |
| 03/28/2025 | Date of original filing that this document amends. |
| 04/18/2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 04/02/2025 | Date of signature on the report. |
Keywords
Territorial Bancorp Inc., Vernon Hirata, beneficial ownership, Form 4, common stock, securities, transaction
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