Wall Jenai S 4
4 · Alexander & Baldwin, Inc. · Filed Jan 25, 2018
Insider Transaction Report
Form 4
Wall Jenai S
Director
Transactions
- Award
Common Stock
2018-01-23+1,271→ 10,126 total
Footnotes (2)
- [F1]On 11/16/17, the Board of Directors of Alexander & Baldwin, Inc. (the "Issuer") declared a special distribution on the Issuer's shares of common stock in an aggregate amount of $783.0 million (the "Special Distribution"), payable in a combination of cash and the Issuer's common stock ("Common Stock") to shareholders of record as of the close of business on 11/29/17. The Special Distribution was paid on 1/23/18. In the Special Distribution, the reporting person received the shares of Common Stock reported as acquired in this Form 4. In connection with the Special Distribution and pursuant to the terms of the reporting person's previously granted Company equity awards, such awards were adjusted to preserve their value (the "Equitable Adjustment").
- [F2]Reflects the Equitable Adjustment with respect to the restricted stock units included herein.