Heilmann Peter T 4

What Happened
Peter T. Heilmann, EVP, Chief Administrative Officer & General Counsel of Matson, received an issuance of 13,902 performance shares on Jan 25, 2026 (an award under performance-based grants). To satisfy tax-withholding obligations, Matson withheld and disposed of a total of 8,572 shares: 510 shares (1/24), 942 shares (1/25) and 7,120 shares (1/25) at a reported price of $158.94. The withheld shares were valued at a combined $1,362,433; the 13,902 awarded shares imply an approximate market value of $2,209,584 at $158.94, leaving a net increase of 5,330 shares to Heilmann.

Key Details

• Transaction types: A = Award/Grant (13,902 shares issued on 2026-01-25); F = tax withholding/share withholding (510 on 2026-01-24; 942 and 7,120 on 2026-01-25).
• Reported price used for withholding calculations: $158.94 per share.
• Withheld share proceeds (disposed): $81,059; $149,721; $1,131,653 (total $1,362,433).
• Net shares received by insider: 13,902 awarded − 8,572 withheld = 5,330 net shares.
• Footnotes in filing: F1/F3 = issuer withheld common stock to cover tax withholding on vested restricted/performance awards; F2 = issuance pursuant to satisfaction of performance criteria for Performance Shares.
• Filing: Form 4 filed Jan 27, 2026 (reporting period includes transactions on Jan 24–25, 2026). No late-filing flag provided in the data shown.
• Shares owned after transaction: not provided in the information supplied here (check the full Form 4 for post-transaction holdings).

Context
This was an equity award (performance shares) that vested/was issued and then partially withheld by the company to cover tax obligations — a common, non-market-sale mechanism often called cashless/share-withholding. Awards and withholdings are not the same as an open-market purchase or sale; the award reflects compensation/performance settlement rather than an insider buying stock with cash.