Form 4: Matson Inc. EVP & CFO Joel M. Wine Sells Shares Under 10b5-1 Trading Plan

Joel M. Wine, EVP & CFO of Matson Inc., sold 3,524 shares of common stock at a price of $132.94 per share on July 31, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 31, 2024, Joel M. Wine, the EVP & CFO of Matson, Inc. (MATX), sold 3,524 shares of the company's common stock.
• The sale was executed at a price of $132.94 per share.
• Following the transaction, Wine directly owns 95,450 shares of Matson, Inc.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on February 22, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. Sales under 10b5-1 plans are generally viewed as less impactful since they are pre-planned.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely to be minimal given the relatively small number of shares sold and the pre-planned nature of the transaction.

Key Dates