Form 4: Matson Inc. Executive Peter T. Heilmann Reports Acquisition of Restricted Stock Units

EVP, Chief Admin. Officer & GC of Matson, Inc., Peter T. Heilmann, reports the acquisition of 2,899 restricted stock units.

Summary

• Peter T. Heilmann, EVP, Chief Admin. Officer & GC of Matson, Inc., filed a Form 4 on January 23, 2025.
• The report details a transaction on January 22, 2025, where Heilmann acquired 2,899 shares of Common Stock in the form of restricted stock units.
• These restricted stock units were issued under Matson's Amended and Restated 2016 Incentive Compensation Plan.
• The units vest in three equal annual installments starting a year from the grant date and include dividend equivalent rights.
• Following the transaction, Heilmann beneficially owns 35,851 shares of Matson, Inc. common stock.
• The price of the stock was $0.00 at the time of acquisition.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units is a standard practice and indicates confidence in the company's future performance. There are no explicitly negative aspects mentioned.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The restricted stock units vest in three equal annual installments beginning a year from the grant date, incentivizing long-term performance.

Industry Context

Executive compensation through stock options and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units is a typical component of executive compensation packages in the transportation and logistics industry.
• Companies like FedEx and UPS also utilize similar equity-based compensation plans to incentivize their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a sign of stability and confidence in the company's leadership.

Key Dates