Form 4: Matson Inc. Executive John Sullivan Reports Stock Transactions

Senior Vice President of Matson Inc., John Sullivan, reports multiple transactions involving the company's common stock, including acquisitions and disposals to cover tax obligations.

Summary

• John Sullivan, a Senior Vice President at Matson Inc., has reported several transactions involving the company's common stock.
• On January 24, 2025, 182 shares were disposed of to cover tax obligations at a price of $136.32 per share.
• On January 25, 2025, another 403 shares were disposed of for tax obligations at the same price of $136.32 per share.
• On January 26, 2025, 2,970 shares were acquired at $0.00 per share due to the satisfaction of performance criteria of Performance Shares.
• Also on January 26, 2025, 990 shares were acquired at $0.00 per share due to the satisfaction of performance criteria of Performance Shares.
• On the same day, 268 shares were disposed of at $136.32 per share for tax obligations.
• Additionally, on January 26, 2025, 502 and 1,564 shares were disposed of at $136.32 per share for tax obligations.
• After these transactions, Mr. Sullivan beneficially owns 14,692 shares of Matson Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and expected. There are no indications of positive or negative implications for the company's performance.

Positives

• The acquisition of 3,960 shares at $0.00 per share indicates the vesting of performance shares, suggesting the achievement of performance goals.

Negatives

• The disposal of shares to cover tax obligations reduces the overall shareholding of the reporting person.

Risks

• The sale of shares to cover tax obligations could be perceived negatively by some investors, although it is a common practice.
• Fluctuations in the stock price could impact the value of the remaining shares held by Mr. Sullivan.

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 trading activities of insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives who receive stock-based compensation and need to cover tax obligations upon vesting.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not indicate any significant changes in the company's operations or financial health.

Key Dates

Keywords

Matson Inc., stock transactions, Form 4, insider trading, performance shares, tax obligations, John Sullivan, equity securities