Form 4: Matson SVP Granted 803 Restricted Stock Units

Matson, Inc. Senior Vice President John W. Sullivan was granted 803 restricted stock units under the company's 2025 Incentive Compensation Plan.

Summary

• John Warren Sullivan, Senior Vice President of Matson, Inc. (MATX), acquired 803 shares of common stock in the form of restricted stock units (RSUs).
• The transaction date for this acquisition was January 21, 2026.
• The RSUs were issued under the Issuer's 2025 Incentive Compensation Plan.
• These restricted stock units will vest in three equal annual installments, with the first installment vesting one year from the grant date.
• The RSUs also include dividend equivalent rights.
• Following this transaction, John Warren Sullivan beneficially owns 13,995 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The filing reports a routine executive compensation grant, which is a positive for executive retention and alignment of interests, but does not indicate significant operational or financial news for the company.

Positives

• The grant of 803 restricted stock units aligns the Senior Vice President's interests with those of shareholders, promoting long-term value creation.
• The inclusion of dividend equivalent rights provides additional incentive and value to the executive.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to comply with insider trading laws.

Future Outlook

The restricted stock units are scheduled to vest in three equal annual installments, beginning one year from the grant date of January 21, 2026, indicating future equity ownership for the Senior Vice President.

Industry Context

The grant of restricted stock units to a Senior Vice President is a standard practice in executive compensation across various industries, aiming to retain key talent and align management incentives with shareholder returns.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of executive compensation is a common practice across publicly traded companies, including those in the transportation and logistics sector like Matson.
• The vesting schedule of three equal annual installments is a typical structure designed to encourage long-term commitment and performance.
• The inclusion of dividend equivalent rights is also a standard feature in many RSU plans, ensuring executives benefit from dividends as if they held the underlying shares.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the Senior Vice President's financial interests with the company's long-term performance, potentially benefiting shareholders through improved executive motivation.
• Employees: This compensation structure may serve as a benchmark or incentive for other key employees, influencing overall compensation strategies.

Next Steps

• The restricted stock units will begin to vest in three equal annual installments starting one year from the grant date of January 21, 2026.

Key Dates

Keywords

Matson, MATX, Restricted Stock Units, RSU, Incentive Compensation, Executive Compensation, Form 4, Insider Transaction, Stock Grant