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 a total of 8,941 shares of common stock on June 27, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 27, 2024, Joel M. Wine, the EVP & CFO of Matson, Inc. (MATX), sold 8,941 shares of the company's common stock.
• The sales were executed in multiple transactions at weighted average prices of $130.48, $129.19, and $128.70.
• These sales were conducted under a Rule 10b5-1 trading plan adopted on February 22, 2024.
• Following these transactions, Wine directly owns 151,329 shares of Matson, Inc.
• The reporting person will provide full information regarding the number of shares and prices at which the transaction was effected upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider trading activity. The use of a 10b5-1 plan suggests the sales were pre-planned and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale by a high-ranking executive could cause short-term uncertainty among shareholders.
• However, the existence of a 10b5-1 trading plan mitigates concerns that the sale is based on negative inside information.

Key Dates