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 shares of common stock on July 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 23, 2024, Joel M. Wine, the EVP & CFO of Matson, Inc., sold shares of the company's common stock.
• The sales were executed in multiple transactions at varying prices.
• A total of 319 shares were sold at a weighted average price of $129.38.
• An additional 2,621 shares were sold at a weighted average price of $128.06.
• Furthermore, 8,504 shares were sold at a weighted average price of $128.81.
• These sales were conducted under a Rule 10b5-1 trading plan adopted on February 22, 2024.
• Following these transactions, Wine directly owns 114,974 shares of Matson, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports the sale of shares under a pre-existing trading plan. It doesn't inherently indicate a positive or negative outlook.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a negative outlook on the company. However, significant or unusual insider selling activity can sometimes be viewed negatively by investors.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the impact is likely to be minimal given the relatively small number of shares sold in the context of the overall market capitalization of Matson, Inc.

Key Dates