Form 4: Matson Inc. Executive Joel M. Wine Reports Stock Transactions

Executive Vice President and CFO of Matson, Inc., Joel M. Wine, reports multiple transactions involving company stock, including acquisitions and disposals to cover tax obligations.

Summary

• Joel M. Wine, EVP & CFO of Matson, Inc., reported several transactions involving the company's common stock.
• On January 24, 2025, 656 shares were disposed of at $136.32 per share to cover tax obligations.
• On January 25, 2025, another 1,210 shares were disposed of at $136.32 per share for tax obligations.
• On January 26, 2025, 8,910 shares were acquired at $0.00 per share due to the satisfaction of performance criteria of Performance Shares.
• Also on January 26, 2025, 2,970 shares were acquired at $0.00 per share due to the satisfaction of performance criteria of Performance Shares.
• On the same day, 804 shares were disposed of at $136.32 per share for tax obligations related to the vesting of Performance Shares.
• Additionally, 1,508 and 4,573 shares were disposed of at $136.32 per share for tax obligations related to the vesting of Performance Shares on January 26, 2025.
• Following these transactions, Mr. Wine's total holdings are 101,520 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and expected, with the acquisition of performance shares indicating positive performance. The disposals are for tax obligations, not a negative signal.

Positives

• The acquisition of 10,880 shares at $0.00 per share indicates the vesting of performance-based shares, suggesting the achievement of performance targets.

Negatives

• The disposal of 8,651 shares at $136.32 per share was solely to cover tax obligations, not a sale for personal gain.

Risks

• The transactions are related to tax obligations from vesting shares, which is a normal part of executive compensation but could be perceived negatively if misunderstood.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transactions reported are typical for executives receiving stock-based compensation, with shares often withheld to cover tax obligations.
• The vesting of performance shares is a common incentive mechanism used by companies to align executive interests with company performance.

Stakeholder Impact

• The transactions have a neutral impact on shareholders as they are routine and related to executive compensation.
• The vesting of performance shares could be seen positively by shareholders as it indicates the achievement of performance targets.

Key Dates

Keywords

Matson, Joel M. Wine, Stock Transactions, Form 4, Executive Compensation, Performance Shares, Tax Withholding, Insider Trading