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 11,336 shares of common stock on June 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 18, 2024, Joel M. Wine, the Executive Vice President and CFO of Matson, Inc. (MATX), sold 2,669 shares of the company's common stock at a weighted average price of $121.24.
• He also sold 8,667 shares of common stock at a weighted average price of $120.79 on the same day.
• These sales were executed under a Rule 10b5-1 trading plan adopted on February 22, 2024.
• Following these transactions, Wine directly owns 160,270 shares of Matson, Inc.
• The sales were executed in multiple trades at varying prices, with the reporting person undertaking to provide full information regarding the number of shares and prices at which the transaction was effected upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions under a pre-arranged trading plan.

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 may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates