Form 4: Matson CFO Reports Stock Transactions

Matson's EVP & CFO, Joel M. Wine, reported recent transactions involving company common stock, including acquisitions from performance share vesting and dispositions for tax obligations.

Summary

• Joel M. Wine, Executive Vice President and Chief Financial Officer of Matson, Inc. (MATX), reported changes in his beneficial ownership of the company's common stock.
• On January 24, 2026, 656 shares of common stock were disposed of at a price of $158.94 per share. This transaction was to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.
• On January 25, 2026, 17,874 shares of common stock were acquired at a price of $0.0000 per share. This acquisition resulted from the satisfaction of performance criteria for previously granted Performance Shares.
• Also on January 25, 2026, a total of 10,350 shares (1,212 shares and 9,138 shares) of common stock were disposed of at a price of $158.94 per share. These dispositions were to cover tax withholding obligations arising from the vesting of the Performance Shares.
• Following these reported transactions, Joel M. Wine's direct beneficial ownership of Matson, Inc. common stock stands at 111,047 shares.

Sentiment

Score: 7

Explanation: The filing reports routine insider transactions related to executive compensation, including the vesting of performance shares and subsequent tax withholdings. The net effect is an increase in beneficial ownership, which is generally viewed positively as it aligns executive interests with shareholders.

Positives

• The acquisition of 17,874 shares of common stock at $0.0000 per share indicates the successful satisfaction of performance criteria for previously granted Performance Shares, reflecting positive executive performance.
• The net effect of the reported transactions is an increase in beneficial ownership from 103,523 shares (before the 01/25/2026 acquisition) to 111,047 shares, demonstrating continued alignment of executive interests with shareholders.

Negatives

• Dispositions of common stock totaling 11,006 shares were made to cover tax withholding obligations, which is a routine administrative action and not an open market sale indicating a lack of confidence.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The increase in beneficial ownership by a key executive may be viewed positively as it aligns management's interests with those of shareholders.

Key Dates

Recommendation

The Form 4 details routine executive compensation transactions, specifically the vesting of performance shares and associated tax withholdings. These transactions do not provide new fundamental information to alter an investment thesis, thus a 'hold' recommendation is maintained.

Keywords

Matson, MATX, Form 4, Insider Trading, Executive Compensation, Stock Transactions, Joel M. Wine, Performance Shares, Restricted Stock Units