Form 4: Alexander & Baldwin Executive Derek T. Kanehira Reports Stock Transactions

Senior Vice President Derek T. Kanehira of Alexander & Baldwin, Inc. reported the acquisition and disposal of company stock on February 1, 2025, including shares from vested stock units and shares withheld for tax obligations.

Summary

• Derek T. Kanehira, a Senior Vice President at Alexander & Baldwin, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 1, 2025, Mr. Kanehira acquired 4,313 shares of common stock through restricted stock units and 680 shares through performance share units, both at a price of $0.00.
• Also on February 1, 2025, 256 shares were disposed of to cover tax obligations related to performance stock units and 1,461 shares were disposed of to cover tax obligations related to restricted stock units, both at a price of $17.85 per share.
• Following these transactions, Mr. Kanehira's direct holdings of Alexander & Baldwin common stock totaled 21,075.305 shares.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it reports routine stock transactions by an executive. There are no indications of positive or negative news, just standard reporting.

Positives

• The acquisition of 4,313 shares through restricted stock units indicates continued alignment with the company's long-term performance.
• The vesting of 680 shares from performance share units suggests that the company met certain performance targets.

Negatives

• The disposal of 1,717 shares to cover tax obligations reduces the overall shareholding of Mr. Kanehira.

Risks

• The need to dispose of shares to cover tax obligations could potentially dilute the holdings of other shareholders if this is a common practice among executives.
• Fluctuations in the stock price could impact the value of the shares acquired and disposed of.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the ownership changes of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units and performance share units.
• The vesting and subsequent tax withholding are common occurrences in executive compensation packages.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in executive ownership.
• The disposal of shares for tax obligations may slightly dilute the overall shareholding.

Key Dates

Keywords

Form 4, Alexander & Baldwin, Stock Transactions, Beneficial Ownership, Restricted Stock Units, Performance Share Units, Tax Withholding, Derek T. Kanehira