Form 4: Matson Inc. Executive Rusty K. Rolfe Sells 5,000 Shares
SEC Filing
EVP and President of Matson Logistics, Rusty K. Rolfe, sold 5,000 shares of Matson, Inc. (MATX) common stock on March 5, 2024.
Summary
- On March 5, 2024, Rusty K. Rolfe, EVP and President of Matson Logistics, sold 5,000 shares of Matson, Inc. (MATX) common stock.
- The sale price was $107.1471 per share.
- Following the transaction, Rolfe directly owns 24,871 shares of Matson, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a negative outlook, as it could be for personal financial reasons.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their potential views on the company's stock.
Stakeholder Impact
- The sale of shares by an executive could potentially create uncertainty among shareholders, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: Rusty K. Rolfe sold 5,000 shares of Matson, Inc. common stock. |
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