Form 4: Alexander & Baldwin CEO Reports Routine Stock Withholding for Tax Obligations

Alexander & Baldwin's President and CEO, Lance K. Parker, reported the disposition of 3,277 shares of common stock at $17.98 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Lance K. Parker, President and Chief Executive Officer of Alexander & Baldwin, Inc. (ALEX), reported a transaction on July 31, 2025.
• The transaction involved the disposition of 3,277 shares of Alexander & Baldwin common stock.
• The shares were disposed of at a price of $17.98 per share.
• This disposition was identified as a 'Code F' transaction, indicating common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.
• Following this transaction, Lance K. Parker directly beneficially owns 222,335.756 shares of Alexander & Baldwin common stock.

Sentiment

Score: 5

Explanation: This is a routine, non-discretionary transaction for tax purposes, indicating neither positive nor negative sentiment about the company's prospects or operational performance.

Positives

• The transaction is a routine, non-discretionary event related to the vesting of equity compensation, indicating standard corporate governance practices for executive compensation.

Negatives

• A reduction in the direct shareholding of the CEO, though for a specific, non-discretionary tax-related reason.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing details a routine insider transaction common across all industries for executives receiving equity compensation. It reflects a standard mechanism for covering tax obligations upon the vesting of restricted stock units, which is a widespread practice in publicly traded companies.

Comparison to Industry Standards

• The disposition of shares to cover tax withholding obligations upon the vesting of restricted stock units is a standard practice for executive equity compensation across publicly traded companies, aligning with common industry benchmarks for compensation and tax compliance.

Related Party Transactions

• The transaction involves the disposition of shares to the issuer (Alexander & Baldwin, Inc.) to cover tax withholding obligations, which is a standard and pre-defined component of executive equity compensation plans.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation and does not indicate any significant operational or strategic changes.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by the CEO to cover tax obligations arising from the vesting of restricted stock units. Such transactions are common for executives receiving equity compensation and do not reflect a change in management's outlook on the company's future or its operational performance. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'Hold' stance is maintained as this filing does not alter the fundamental investment thesis.

Keywords

Alexander & Baldwin, ALEX, Lance K. Parker, Form 4, insider transaction, stock withholding, restricted stock units, RSU, CEO, corporate governance