Form 4: Matson Inc. Executive Kevin L. Stuck Reports Stock Transactions
SEC Form 4 Filing
Matson Inc.'s VP and Controller, Kevin L. Stuck, reported multiple transactions involving the company's common stock, including acquisitions and disposals to cover tax obligations.
Summary
- Kevin L. Stuck, VP and Controller at Matson, Inc., filed a Form 4 detailing several transactions involving the company's common stock.
- On January 24, 2025, 240 shares were disposed of at $136.32 per share to cover tax obligations.
- On January 25, 2025, 443 shares were disposed of at $136.32 per share to cover tax obligations.
- On January 26, 2025, 1,690 shares were acquired at $0.00 per share due to the vesting of performance shares.
- Also on January 26, 2025, 214 shares were disposed of at $136.32 per share to cover tax obligations.
- Finally, on January 26, 2025, 915 shares were disposed of at $136.32 per share to cover tax obligations.
- Following these transactions, Mr. Stuck beneficially owns 4,927 shares of Matson, Inc. common stock.
Sentiment
Score: 6
Explanation: The document is neutral, detailing routine stock transactions by an executive. The vesting of performance shares is a positive sign, but the disposals are for tax obligations, which is standard.
Positives
- The vesting of performance shares indicates that performance criteria were met, which is a positive sign for the company.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for 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 Matson's filing is consistent with these requirements.
- Similar filings are made by executives at companies like FedEx (FDX) and UPS (UPS) when they have stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | 240 shares of common stock disposed of to cover tax obligations. |
| 01/25/2025 | 443 shares of common stock disposed of to cover tax obligations. |
| 01/26/2025 | 1,690 shares of common stock acquired due to vesting of performance shares, 214 shares and 915 shares disposed of to cover tax obligations. |
| 01/27/2025 | Date of signature for the Form 4 filing. |
Keywords
Matson Inc., stock transactions, Form 4, insider trading, Kevin L. Stuck, performance shares, tax withholding, equity securities
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