Angoco Vic S Jr 4
Research Summary
AI-generated summary
Matson (MATX) EVP Vic Angoco Jr Receives 9,932 Shares; 6,138 Withheld
What Happened
- Vic Angoco Jr, Executive Vice President of Matson, received 9,932 shares on Jan 25, 2026 pursuant to vested performance shares (reported as acquired at $0). To cover tax withholding, the company withheld a total of 6,138 shares across Jan 24–25 at $158.94 per share (364, 673 and 5,101 shares), totaling $975,574 in withheld value. Net new shares retained by Angoco after withholding: 3,794.
Key Details
- Transaction dates and prices:
- 2026-01-25: Grant/award of 9,932 shares (acquired at $0) — issuance per performance-share satisfaction (Footnote F2).
- 2026-01-24: 364 shares withheld at $158.94 = $57,854 (Footnote F1).
- 2026-01-25: 673 shares withheld at $158.94 = $106,967 (Footnote F3).
- 2026-01-25: 5,101 shares withheld at $158.94 = $810,753 (Footnote F3).
- Total withheld: 6,138 shares for ~$975,574; net shares retained: 9,932 − 6,138 = 3,794.
- Footnotes: F1 = withholding to cover taxes on prior RSU vesting; F2 = issuance on satisfaction of performance share criteria; F3 = withholding to cover taxes on Performance Shares.
- Shares owned after transaction: not specified in the provided filing.
- Filing: Form 4 filed 2026-01-27 (no late-filing flag provided in the supplied details).
Context
- This was not an open-market sale or purchase: it was the vesting/issuance of performance shares with shares withheld to satisfy tax obligations (a routine, non-cashless administrative withholding). Such withholding transactions are common and do not by themselves indicate a bullish or bearish signal from the insider.