Form 4: Matson Inc. CEO Matthew Cox Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Matson Inc.'s Chairman and CEO, Matthew J. Cox, executed sales of common stock on August 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 30, 2024, Matthew J. Cox, Chairman and CEO of Matson, Inc., sold shares of common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 23, 2024.
- A total of 3,637 shares were sold at a weighted average price of $137.54, with individual trades ranging from $137.28 to $138.22.
- An additional 3,863 shares were sold at a weighted average price of $136.83, with individual trades ranging from $136.25 to $137.24.
- Following these transactions, Matthew Cox directly owns 215,397 shares of Matson, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 08/30/2024 | Date of the stock sale transactions |
| 08/31/2024 | Date of the signature on the Form 4 filing |
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