Form 4: Alexander & Baldwin CFO Reports Stock Transactions Following Vesting of Equity Awards

Clayton K.Y. Chun, CFO of Alexander & Baldwin, Inc., reports the acquisition and disposal of company stock following the vesting of restricted stock units and performance share units.

Summary

• Clayton K.Y. Chun, the Chief Financial Officer of Alexander & Baldwin, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 1, 2025, Mr. Chun acquired 16,806 shares of common stock through the vesting of restricted stock units.
• He also acquired 1,237 shares of common stock through the vesting of performance share units.
• Additionally, 400 shares were disposed of to cover tax obligations related to the vesting of performance stock units.
• A further 4,545 shares were disposed of to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Chun beneficially owns 69,263 shares of Alexander & Baldwin, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any negative or unexpected events. The vesting of shares is a positive sign of performance, but the tax withholding is a neutral event.

Positives

• The vesting of restricted stock units and performance share units indicates that the company is meeting its performance targets.
• The acquisition of shares by the CFO demonstrates his continued alignment with the company's success.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the overall number of shares held by the CFO.

Risks

• The document does not indicate any specific risks.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It reflects the standard process of equity compensation and tax obligations.

Comparison to Industry Standards

• The vesting of restricted stock units and performance share units is a common practice for executive compensation in publicly traded companies, including real estate investment trusts (REITs) like Alexander & Baldwin.
• The tax withholding process is also standard, with companies often withholding shares to cover the tax obligations of their employees.
• Similar filings can be seen from executives at comparable REITs such as Boston Properties (BXP) and Simon Property Group (SPG).

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they indicate that the company is meeting its performance targets.
• The transactions have a neutral impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Performance Share Units, Alexander & Baldwin, CFO, Clayton K.Y. Chun, Vesting, Tax Withholding