Form 4: Matson Inc. CEO Sells Shares Under 10b5-1 Plan

Matson, Inc. Chairman & CEO Matthew J. Cox reported the sale of 10,000 shares of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Matthew J. Cox, Chairman & CEO of Matson, Inc. (MATX), sold a total of 10,000 shares of common stock on June 29, 2026.
• These sales were executed as part of a Rule 10b5-1 trading plan adopted on March 9, 2026, which is designed to comply with affirmative defense conditions.
• The shares were sold in multiple transactions at weighted average prices ranging from $191.81 to $193.65.
• Following these transactions, Mr. Cox beneficially owns 249,296 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While it represents insider selling, the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic trading.

Negatives

• Insider selling of a significant number of shares, although conducted under a pre-planned trading strategy, can sometimes be perceived negatively by the market.

Risks

• The Rule 10b5-1 plan is subject to market conditions and the reporting person's ongoing beneficial ownership, which could be impacted by future events.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives to diversify holdings or manage personal finances. While these plans provide a defense against insider trading allegations, the market often scrutinizes the volume and timing of such sales, especially if they occur during periods of market volatility or company-specific news.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive may lead to short-term market scrutiny, but the use of a 10b5-1 plan suggests a pre-determined strategy rather than a reaction to non-public information.
• Employees: No direct impact mentioned.
• Creditors: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.

Next Steps

• The reporting person will continue to hold the remaining 249,296 shares of common stock.
• Future transactions under the Rule 10b5-1 plan, if any, will be reported on subsequent Form 4 filings.

Key Dates

Keywords

Matson Inc., MATX, Insider Trading, Rule 10b5-1, Stock Sale, Matthew J. Cox, Form 4, SEC Filing