Form 4: Matson Inc. Executive Peter T. Heilmann Reports Changes in Beneficial Ownership

EVP, Chief Admin. Officer & GC of Matson, Inc., Peter T. Heilmann, reports acquisition and disposal of common stock due to tax withholding and performance share vesting.

Summary

• Peter T. Heilmann, EVP, Chief Admin. Officer & GC of Matson, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
• On January 24, 2025, 510 shares were disposed of to cover tax withholding obligations at a price of $136.32 per share.
• On January 25, 2025, 941 shares were disposed of to cover tax withholding obligations at a price of $136.32 per share.
• On January 26, 2025, 6,930 shares were acquired due to the satisfaction of performance criteria of Performance Shares.
• On January 26, 2025, 2,310 shares were acquired due to the satisfaction of performance criteria of Performance Shares.
• On January 26, 2025, 625 shares were disposed of to cover tax withholding obligations at a price of $136.32 per share.
• On January 26, 2025, 1,173 shares were disposed of to cover tax withholding obligations arising from the vesting of Performance Shares at a price of $136.32 per share.
• On January 26, 2025, 3,571 shares were disposed of to cover tax withholding obligations arising from the vesting of Performance Shares at a price of $136.32 per share.
• Following these transactions, Heilmann directly owns 38,271 shares of Matson, Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. The vesting of performance shares is a positive sign, but the subsequent disposal for tax purposes offsets some of that positive sentiment.

Positives

• The acquisition of 9,240 shares indicates that performance criteria were met, which could be viewed positively.

Negatives

• The disposal of shares to cover tax obligations, while routine, reduces the executive's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, which are common across publicly traded companies.
• The tax withholding practices are standard procedure for equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates