Form 4: Matson Inc. Senior Vice President Reports Stock Transactions

A Form 4 filing reveals that Matson Inc.'s Senior Vice President, Kuuhaku T. Park, engaged in multiple stock transactions, including acquisitions and disposals, related to vesting of restricted stock units and performance shares.

Summary

• Kuuhaku T. Park, a Senior Vice President at Matson, Inc., filed a Form 4 detailing several transactions involving the company's common stock.
• On January 24, 2025, 237 shares were disposed of at $136.32 per share to cover tax obligations from vesting restricted stock units.
• On January 25, 2025, 438 shares were disposed of at $136.32 per share for the same reason.
• On January 26, 2025, 1,980 shares were acquired at $0.00 per share due to the satisfaction of performance criteria of Performance Shares.
• Also on January 26, 2025, 660 shares were acquired at $0.00 per share for the same reason.
• On the same day, 166 shares were disposed of at $136.32 per share to cover tax obligations from vesting Performance Shares.
• Additionally, on January 26, 2025, 311 and 990 shares were disposed of at $136.32 per share to cover tax obligations from vesting Performance Shares.
• Following these transactions, Mr. Park's total holdings amount to 12,570.313 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. There is no indication of positive or negative sentiment.

Positives

• The acquisition of 2,640 shares at $0.00 per share indicates the achievement of performance targets.

Negatives

• The disposal of 2,142 shares at $136.32 per share to cover tax obligations reduced the overall holdings of Mr. Park.

Risks

• The transactions are related to vesting of restricted stock units and performance shares, which are subject to company performance and market conditions.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions are typical for executives receiving stock-based compensation, such as restricted stock units and performance shares.
• The tax withholding is a common practice when stock vests.

Stakeholder Impact

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

Key Dates

Keywords

Matson Inc., stock transactions, Form 4, insider trading, Kuuhaku T. Park, performance shares, restricted stock units, tax withholding