Form 4: Matson Inc. Executive Leonard P. Isotoff Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Leonard P. Isotoff of Matson, Inc. reports transactions involving common stock, including acquisitions and disposals to cover tax obligations and performance share vesting.
Summary
- Leonard P. Isotoff, a Senior Vice President at Matson, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On January 24, 2025, 263 shares were disposed of to cover tax withholding obligations at a price of $136.32 per share, leaving him with 5,628.132 shares.
- On January 25, 2025, 437 shares were disposed of to cover tax withholding obligations at a price of $136.32 per share, leaving him with 5,191.132 shares.
- On January 26, 2025, 616 shares were acquired at $0.00 per share due to the satisfaction of performance criteria of Performance Shares, increasing his holdings to 5,807.132 shares.
- Also on January 26, 2025, 112 shares were disposed of to cover tax withholding obligations at a price of $136.32 per share, leaving him with 5,695.132 shares.
- Finally on January 26, 2025, 320 shares were disposed of to cover tax withholding obligations arising from the vesting of Performance Shares, leaving him with 5,375.132 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of 616 shares indicates that performance criteria for Performance Shares were met, which could be viewed positively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the changes in the executive's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | Disposal of 263 shares of common stock to cover tax withholding obligations. |
| 01/25/2025 | Disposal of 437 shares of common stock to cover tax withholding obligations. |
| 01/26/2025 | Acquisition of 616 shares of common stock pursuant to the satisfaction of performance criteria of Performance Shares. |
| 01/26/2025 | Disposal of 112 shares of common stock to cover tax withholding obligations arising from the vesting of Performance Shares. |
| 01/26/2025 | Disposal of 320 shares of common stock to cover tax withholding obligations arising from the vesting of Performance Shares. |
| 01/27/2025 | Date of signature for the Form 4 filing. |
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