Form 4: Matson Inc. Senior Vice President Richard S. Kinney Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President of Matson Inc., Richard S. Kinney, reports multiple transactions involving the company's common stock, including tax withholdings and the vesting of performance shares.
Summary
- Richard S. Kinney, a Senior Vice President at Matson Inc., has reported several transactions involving the company's common stock.
- These transactions include the withholding of shares to cover tax obligations related to the vesting of restricted stock units and performance shares.
- Kinney also acquired shares through the vesting of performance shares, which were granted in accordance with Rule 16b-3(d).
- The reported transactions occurred between January 24, 2025, and January 26, 2025.
- The price of the stock used for tax withholding was $136.32 per share.
Sentiment
Score: 6
Explanation: The document is neutral in sentiment as it primarily reports routine stock transactions by an executive. The vesting of performance shares is a positive sign, but the overall impact is not significant.
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 insider, which is common in publicly traded companies. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions reported are typical for executives receiving stock-based compensation, such as restricted stock units and performance shares.
- The tax withholding mechanism is a common practice to cover tax liabilities arising from the vesting of equity awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine insider trading activity.
- The vesting of performance shares may be viewed positively by shareholders as it indicates the achievement of performance goals.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | First reported transaction date, involving the withholding of shares for tax obligations. |
| 01/25/2025 | Second reported transaction date, involving the withholding of shares for tax obligations. |
| 01/26/2025 | Third reported transaction date, involving the vesting of performance shares and further tax withholdings. |
| 01/27/2025 | Date of signature for the Form 4 filing. |
Keywords
Matson Inc., Richard S. Kinney, stock transactions, Form 4, performance shares, restricted stock units, tax withholding, insider trading
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