Form 4: Matson Inc. Chairman & CEO Matthew J. Cox Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matthew J. Cox, Chairman & CEO of Matson, Inc., reports transactions involving common stock, including acquisitions and disposals to cover tax obligations and performance share vesting.
Summary
- Matthew J. Cox, Chairman & CEO of Matson, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On January 24, 2025, 2,109 shares were disposed of to cover tax withholding obligations at a price of $136.32.
- On January 25, 2025, 3,893 shares were disposed of to cover tax withholding obligations at a price of $136.32.
- On January 26, 2025, 29,697 shares were acquired due to the satisfaction of performance criteria of Performance Shares.
- On January 26, 2025, 9,897 shares were acquired due to the satisfaction of performance criteria of Performance Shares.
- On January 26, 2025, 2,587 shares were disposed of to cover tax withholding obligations at a price of $136.32.
- On January 26, 2025, 4,851 shares were disposed of to cover tax withholding obligations at a price of $136.32.
- On January 26, 2025, 14,593 shares were disposed of to cover tax withholding obligations at a price of $136.32.
- Following these transactions, Cox directly owns 234,046 shares of Matson, Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to stock-based compensation and tax obligations. The vesting of performance shares is a positive signal, but the disposals to cover taxes offset this.
Positives
- The acquisition of 39,594 shares indicates that performance criteria for Performance Shares were met, which could be viewed positively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | Disposal of 2,109 shares to cover tax withholding obligations. |
| 01/25/2025 | Disposal of 3,893 shares to cover tax withholding obligations. |
| 01/26/2025 | Acquisition of 39,594 shares due to performance share vesting and disposal of 22,024 shares to cover tax withholding obligations. |
| 01/27/2025 | Date of signature for the Form 4 filing. |
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