Form 4: Matson CEO's Stock Transactions: Performance Shares & Tax Withholding

Matson, Inc. Chairman and CEO Matthew J. Cox reported recent transactions involving the acquisition of common stock from performance share vesting and subsequent tax-related dispositions.

Summary

• Matthew J. Cox, Chairman & CEO of Matson, Inc., reported changes in his beneficial ownership of common stock.
• On January 24, 2026, 2,111 shares of common stock were withheld by Matson to cover tax obligations arising from the vesting of previously granted restricted stock units, at a price of $158.94 per share.
• On January 25, 2026, Mr. Cox acquired 59,582 shares of common stock due to the satisfaction of performance criteria for previously granted Performance Shares, with an acquisition price of $0.0000 per share.
• Also on January 25, 2026, 3,897 shares and 29,268 shares of common stock were withheld by Matson to cover tax withholding obligations arising from the vesting of these Performance Shares, both at a price of $158.94 per share.
• Following these transactions, Mr. Cox's direct beneficial ownership of Matson common stock is 269,296 shares.

Sentiment

Score: 7

Explanation: The acquisition of shares by the CEO is a result of performance criteria being met, which is generally a positive indicator of company performance. The dispositions are routine tax withholdings associated with equity compensation.

Positives

• Matthew J. Cox acquired 59,582 shares of common stock due to the satisfaction of performance criteria for Performance Shares, indicating successful achievement of company goals.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The vesting of performance shares suggests the company met its performance targets, which is generally positive for shareholders. The CEO's continued ownership aligns his interests with shareholders.

Key Dates

Recommendation

This Form 4 details routine insider transactions related to equity compensation vesting and tax withholding. It does not provide new information that would fundamentally alter the investment thesis for Matson, Inc. The vesting of performance shares indicates the company met certain performance targets, which is a positive operational sign, but the overall impact on the stock's valuation or future prospects is neutral. Therefore, a 'hold' recommendation is appropriate as there's no new catalyst for a change in position.

Keywords

Matson, MATX, Matthew J. Cox, Form 4, insider trading, stock transactions, CEO, performance shares, restricted stock units, tax withholding