Form 4: Matson EVP Heilmann Boosts Stake with Performance Share Vesting

Matson, Inc.'s EVP, Chief Administrative Officer & General Counsel, Peter T. Heilmann, reported a net increase of 5,330 shares in his beneficial ownership following the vesting of performance shares and restricted stock units.

Summary

• Peter T. Heilmann, EVP, Chief Admin. Officer & GC of Matson, Inc., reported transactions in the company's common stock.
• On January 24, 2026, 510 shares were disposed of at $158.94 to cover tax withholding obligations arising from the vesting of previously granted restricted stock units.
• On January 25, 2026, 13,902 shares of common stock were acquired at $0.0000 due to the satisfaction of performance criteria for previously granted Performance Shares.
• Also on January 25, 2026, an additional 942 shares were disposed of at $158.94 for tax withholding related to restricted stock unit vesting.
• Furthermore, on January 25, 2026, 7,120 shares were disposed of at $158.94 to cover tax withholding obligations arising from the vesting of Performance Shares.
• Following these reported transactions, Mr. Heilmann beneficially owns 45,679 shares of Matson, Inc. common stock.
• The net effect of these transactions is an increase of 5,330 shares in Mr. Heilmann's beneficial ownership.

Sentiment

Score: 7

Explanation: The net increase in beneficial ownership by a key executive, resulting from the successful vesting of performance-based awards, indicates positive performance and management confidence, despite the routine tax-related disposals.

Positives

• Acquisition of 13,902 shares of common stock through the satisfaction of performance criteria for Performance Shares, indicating successful achievement of company goals.
• A net increase of 5,330 shares in beneficial ownership by a key executive, signaling confidence in the company's future prospects and aligning management interests with shareholders.

Negatives

• Disposal of a total of 8,572 shares (510 + 942 + 7,120) at $158.94 to cover tax withholding obligations, which are non-discretionary sales.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reported transactions represent equity awards granted by Matson, Inc. to its EVP, Peter T. Heilmann, and subsequent vesting and tax-related disposals, which are inherent related party transactions in the context of executive compensation.

Stakeholder Impact

• Shareholders: The net increase in executive ownership may be viewed positively as it further aligns management's interests with those of shareholders. The vesting of performance shares suggests that company performance targets were met, which is generally beneficial for shareholders.
• Employees: The vesting of performance shares and restricted stock units demonstrates the company's commitment to its executive compensation programs, which can positively influence employee morale and retention, particularly for those with similar equity awards.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events, specifically the vesting of performance shares and restricted stock units, along with associated tax withholdings. While there's a net increase in the executive's beneficial ownership, which is a positive signal of alignment, these transactions are non-discretionary and pre-scheduled. They do not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation based solely on this filing. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while awaiting more substantive financial or operational updates.

Keywords

Matson Inc, MATX, Peter T Heilmann, insider trading, Form 4, beneficial ownership, restricted stock units, performance shares, executive compensation, stock acquisition, tax withholding