Form 4: Matson Inc. Executive Leonard P. Isotoff Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Leonard P. Isotoff reports acquisition and disposal of Matson, Inc. common stock related to performance share vesting and tax obligations.
Summary
- On April 1, 2025, Leonard P. Isotoff, a Senior Vice President at Matson, Inc., reported changes in his beneficial ownership of the company's common stock.
- He acquired 1,152 shares and 385 shares of common stock due to the satisfaction of performance criteria of Performance Shares.
- Isotoff also disposed of 43, 181 and 544 shares to cover tax withholding obligations related to the vesting of restricted stock units and Performance Shares.
- Following these transactions, Isotoff directly owns 6,144.132 shares of Matson, Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. The acquisition of shares due to performance criteria being met is a slightly positive indicator.
Positives
- The acquisition of shares due to performance criteria being met suggests positive performance of the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of earliest transaction: Acquisition and disposal of Matson, Inc. common stock. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Matson, Inc., MATX, Leonard P. Isotoff, Performance Shares, Restricted Stock Units, Tax Withholding
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