Form 4: Matson Inc. EVP & CFO Joel M. Wine Reports Acquisition of Restricted Stock Units

Joel M. Wine, EVP & CFO of Matson, Inc., reports the acquisition of 3,261 restricted stock units and a resulting beneficial ownership of 98,391 common stock shares.

Summary

• On January 22, 2025, Joel M. Wine, the EVP & CFO of Matson, Inc., acquired 3,261 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the Issuer's Amended and Restated 2016 Incentive Compensation Plan.
• The restricted stock units vest in three equal annual installments starting one year from the grant date and include dividend equivalent rights.
• Following this transaction, Wine's total beneficial ownership of Matson, Inc. common stock is 98,391 shares.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain any particularly positive or negative information, but the granting of stock units is generally viewed as a positive incentive for management.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The restricted stock units vest in three equal annual installments beginning a year from the grant date, suggesting a multi-year incentive structure.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The granting of restricted stock units is a typical method to incentivize executives.

Stakeholder Impact

• The granting of restricted stock units can align management's interests with those of shareholders, potentially leading to increased shareholder value.

Key Dates