Vernon Hirata - 13 Feb 2025 Form 4 Insider Report for Territorial Bancorp Inc. (TBNK)

Role
Vice Chairman & Co-COO, General Counsel & Secretary
Signature
/s/ Ned A. Quint, pursuant to power of attorney
Issuer symbol
TBNK
Transactions as of
13 Feb 2025
Net transactions value
-$4,853
Form type
4
Filing time
18 Feb 2025, 13:59:31 UTC
Previous filing
03 May 2024
Next filing
02 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TBNK Common Stock Award $0 +1,146 +1.3% $0.000000 88,652 13 Feb 2025 Direct F1, F2, F3, F4
transaction TBNK Common Stock Tax liability $4,853 -549 -0.62% $8.84 88,103 13 Feb 2025 Direct F1, F2, F3
holding TBNK Common Stock 53,634 13 Feb 2025 By 401(k) F5
holding TBNK Common Stock 15,600 13 Feb 2025 By Trust
holding TBNK Common Stock 17,742 13 Feb 2025 By ESOP F5
holding TBNK Common Stock 441 13 Feb 2025 By Spouse's ESOP F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes restricted stock units which vest at a rate of 1/3 per year commencing on April 4, 2023.
F2 Includes restricted stock units which vest at a rate of 1/3 per year commencing on April 3, 2024.
F3 Includes restricted stock units which vest at a rate of 1/3 per year commencing on April 18, 2025.
F4 On April 4, 2022 the reporting person was granted 2,729 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. The shares vested at 42% of target, resulting in the vesting of 1,146 shares of restricted stock, and were transferred to the executive on February 13, 2025.
F5 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.