Form 4: Matson EVP Angoco Receives Future RSU Grant

Matson, Inc. Executive Vice President Vic S. Angoco Jr. was granted 1,927 restricted stock units under the company's 2025 Incentive Compensation Plan, effective January 21, 2026.

Summary

• Vic S. Angoco Jr., Executive Vice President of Matson, Inc., was granted 1,927 restricted stock units (RSUs).
• The grant is effective January 21, 2026, and was issued under Matson's 2025 Incentive Compensation Plan.
• These RSUs will vest in three equal annual installments, with the first installment occurring one year from the grant date.
• The restricted stock units also include dividend equivalent rights.
• Following this transaction, Angoco Jr. will beneficially own 17,502 shares of common stock directly.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is a positive signal for executive retention and alignment with long-term shareholder interests, reflecting standard compensation practices without indicating any immediate operational or financial changes.

Positives

• The grant of restricted stock units aligns the executive's long-term interests with shareholder value.
• Serves as a retention incentive for a key executive within the company.

Future Outlook

The restricted stock units are structured to vest over three years, indicating a long-term commitment and incentive for the executive, aligning their future performance with the company's strategic objectives.

Industry Context

Equity grants, such as restricted stock units, are a standard component of executive compensation packages across various industries. They are designed to incentivize long-term performance, retain key talent, and align management interests with shareholder returns, a common practice in the transportation and logistics sector.

Comparison to Industry Standards

• The use of restricted stock units with a multi-year vesting schedule is a standard practice in executive compensation, comparable to practices at other publicly traded companies in the transportation and logistics sector.
• Companies like A.P. Møller – Mærsk, FedEx, or UPS frequently utilize equity-based incentives to retain key talent and drive performance, making this grant consistent with industry norms.

Stakeholder Impact

• Shareholders: Potential for increased alignment of executive interests with long-term shareholder value and company performance.
• Employees: Signals commitment to executive retention and a structured, performance-based compensation framework.

Next Steps

• The first vesting installment of the restricted stock units is scheduled for January 21, 2027.
• Subsequent vesting installments will occur annually thereafter for two additional years.

Key Dates

Recommendation

This Form 4 reports a routine restricted stock unit grant to an executive, which is a standard component of compensation and does not provide new information that would alter the fundamental investment thesis for Matson, Inc. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals and market conditions.

Keywords

Matson, MATX, Form 4, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Equity Grant, Angoco