Form 4: Matson Inc. Executive Rusty Rolfe Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Rusty Rolfe of Matson Inc. reported multiple transactions involving the company's common stock, including acquisitions and disposals to cover tax obligations.
Summary
- Rusty Rolfe, an Executive Vice President at Matson Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The transactions occurred between January 24, 2025 and January 26, 2025.
- Rolfe disposed of 510 shares on January 24, 2025, and 941 shares on January 25, 2025, both at a price of $136.32 per share, to cover tax obligations.
- On January 26, 2025, Rolfe acquired 6,930 shares and 2,310 shares at $0.00 per share due to the vesting of performance shares.
- He also disposed of 625 shares, 1,173 shares and 3,572 shares on January 26, 2025 at $136.32 per share to cover tax obligations related to the vesting of performance shares.
- After these transactions, Rolfe's total direct holdings of Matson Inc. common stock is 26,827 shares.
Sentiment
Score: 6
Explanation: The document reflects routine transactions related to executive compensation. There is no indication of positive or negative sentiment, it is a neutral disclosure.
Positives
- The vesting of performance shares indicates that performance criteria were met, which is a positive sign for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions are typical for executives receiving stock-based compensation, where shares are often sold to cover tax obligations upon vesting.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | First reported transaction date; disposal of 510 shares. |
| 01/25/2025 | Disposal of 941 shares. |
| 01/26/2025 | Acquisition of 9,240 shares and disposal of 5,370 shares. |
| 01/27/2025 | Date of signature on the Form 4. |
Keywords
Matson Inc., stock transactions, Form 4, beneficial ownership, performance shares, tax withholding, Rusty Rolfe, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.