Cerocke Grace M 4
Research Summary
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Matson (MATX) SVP Grace Cerocke Receives 1,124-Share RSU Award
What Happened Grace Cerocke, Senior Vice President of Matson, Inc. (MATX), was granted 1,124 restricted stock units (RSUs) on January 21, 2026. The Form 4 reports an acquisition (code A) of 1,124 shares at an acquisition price of $0.00 (typical for awards); the filing shows a reported value of $0 for the grant itself. The award is not a cash purchase or a sale — it’s a compensation grant that converts to shares only as the units vest.
Key Details
- Transaction date: 2026-01-21; Form 4 filed 2026-01-22 (filed within one day — timely).
- Transaction type/code: Award/Grant (A).
- Shares granted: 1,124 RSUs; reported acquisition price: $0.00.
- Vesting: RSUs vest in three equal annual installments beginning one year from the grant date (per footnote F1).
- Additional rights: The RSUs contain dividend equivalent rights (per footnote F1).
- Shares owned after transaction: Not specified in the filing.
- No 10b5-1, tax-withholding, or late-filing flags were noted in the filing.
Context RSU grants are a form of compensation and do not represent immediately tradable shares; their economic value will depend on Matson’s stock price when each tranche vests. Such awards are common for executives and typically reflect compensation practices rather than a direct buy/sell signal.