Form 4: Territorial Bancorp Inc. Vice Chairman Nakatsuka Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ralph Y. Nakatsuka, Vice Chairman & Co-COO of Territorial Bancorp Inc., reports a disposition of 1,276 shares of common stock to cover tax obligations, while also holding 17,742 shares indirectly through an ESOP.
Summary
- On March 27, 2025, Ralph Y. Nakatsuka, Vice Chairman & Co-COO of Territorial Bancorp Inc., reported a transaction involving the company's common stock.
- Nakatsuka disposed of 1,276 shares at a price of $8.55 per share to cover tax obligations.
- Following the transaction, Nakatsuka directly owns 168,469 shares of common stock.
- Nakatsuka also indirectly owns 17,742 shares through an Employee Stock Ownership Plan (ESOP).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any significant change in the insider's overall holdings or confidence in the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates a standard transaction related to tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/04/2023 | Commencement date for vesting of 1/3 of restricted stock units. |
| 04/03/2024 | Commencement date for vesting of 1/3 of restricted stock units. |
| 03/27/2025 | Date of transaction: Disposition of 1,276 shares of common stock. |
| 04/18/2025 | Commencement date for vesting of 1/3 of restricted stock units. |
| 03/28/2025 | Date of signature for the Form 4 filing. |
Keywords
Territorial Bancorp Inc., TBNK, Form 4, Beneficial Ownership, Insider Trading, Ralph Y. Nakatsuka, ESOP, Restricted Stock Units
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