Form 4: Matson Inc. Executive Grace Cerocke Reports Stock Transactions

Senior Vice President Grace Cerocke of Matson, Inc. reports multiple transactions involving common stock, including acquisitions and disposals to cover tax obligations and performance share vesting.

Summary

• Grace Cerocke, a Senior Vice President at Matson, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's common stock.
• On January 24, 2025, shares were disposed of to cover tax withholding obligations at a price of $136.32.
• On January 25, 2025, additional shares were disposed of to cover tax withholding obligations at a price of $136.32.
• On January 26, 2025, Cerocke acquired 3,465 shares and 1,155 shares of common stock due to the satisfaction of performance criteria of Performance Shares.
• Also on January 26, 2025, shares were disposed of to cover tax withholding obligations arising from the vesting of Performance Shares at a price of $136.32.
• Following these transactions, Cerocke's direct ownership stands at 15,061 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are a mix of acquisitions due to performance and disposals to cover tax obligations, which are standard practices.

Positives

• The vesting of performance shares indicates that performance criteria were met, which could be viewed positively.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activity of company executives and directors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates