Form 4: Matson Inc. Chairman & CEO Matthew Cox Sells Shares Under 10b5-1 Trading Plan

Matthew Cox, Chairman & CEO of Matson Inc., executed sales of common stock totaling 6,499 shares on September 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 30, 2024, Matthew J. Cox, Chairman & CEO of Matson, Inc. (MATX), sold a total of 6,499 shares of common stock.
• The sales were executed in multiple transactions at varying prices.
• 90 shares were sold at $144.55 per share, 1,560 shares were sold at a weighted average price of $142.9376 (ranging from $142.43 to $143.37), and 4,849 shares were sold at a weighted average price of $144.0859 (ranging from $143.50 to $144.50).
• These sales were conducted under a Rule 10b5-1 trading plan adopted on February 23, 2024.
• Following these transactions, Matthew Cox directly owns 208,898 shares of Matson Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider trading activity is closely monitored by investors as it can provide insights into management's perspective on the company's future prospects. Sales under a 10b5-1 plan are generally viewed as less informative since they are pre-arranged.

Stakeholder Impact

• The stock sale may have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates