Form 4: Alexander & Baldwin Executive Vice President Sells Shares Under 10b5-1 Trading Plan

Alexander & Baldwin's Executive Vice President, Meredith J. Ching, sold 700 shares of common stock at a weighted average price of $19.3740, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Meredith J. Ching, Executive Vice President of Alexander & Baldwin, Inc., sold 700 shares of common stock on December 10, 2024.
• The sale was executed under a Rule 10b5-1 trading plan.
• The weighted average price of the shares sold was $19.3740.
• The shares were sold in multiple transactions with prices ranging from $19.325 to $19.60.
• The total value of the shares sold was $14,916.70.

Sentiment

Score: 5

Explanation: The document describes a routine executive stock sale under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-arranged trading plans to avoid accusations of insider trading. This transaction is not unusual for a company of this size.

Comparison to Industry Standards

• Executive stock sales are a normal part of corporate activity, and the use of 10b5-1 trading plans is a standard practice to ensure compliance with insider trading regulations.
• The volume of shares sold is relatively small compared to the overall market capitalization of Alexander & Baldwin, and the price range is within normal market fluctuations.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan suggests it was not based on any new material information.

Key Dates

Keywords

Alexander & Baldwin, stock sale, 10b5-1 trading plan, executive transaction, Meredith J. Ching, common stock