Sullivan John Warren 4

What Happened

• John Warren Sullivan, Senior Vice President of Matson, Inc. (MATX), was granted 803 restricted stock units (RSUs) on 2026-01-21. The transaction is reported as an award/acquisition at a reported price of $0.00 (total reported value $0) because these are compensation-based RSUs rather than a cash purchase. This is an equity award (not a sale) and does not represent an immediate cash transaction.

Key Details

• Transaction date: 2026-01-21; Form 4 filed: 2026-01-22 (filed next day; appears timely).
• Amount: 803 restricted stock units; reported price: $0.00; reported cash value: $0.
• Vesting: RSUs vest in three equal annual installments beginning one year from the grant date (per footnote). The units include dividend equivalent rights.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Awards issued under Matson's 2025 Incentive Compensation Plan; dividend equivalents attached.

Context

• These RSUs are a compensation grant that will convert to shares as they vest; they do not indicate an immediate purchase or sale. Dividend equivalents mean Sullivan may receive payments tied to dividends while the units are outstanding. This is routine executive compensation reporting rather than an indication of a market trade.