Isotoff Leonard P 4

What Happened
Leonard P. Isotoff, Senior Vice President of Matson, received an award of 6,952 shares (performance shares) on 2026-01-25 and had a total of 4,008 shares withheld by the company to cover tax withholding related to vesting. The withheld shares were reported as dispositions: 237 shares on 2026-01-24 ($158.94 / share; $37,669), and on 2026-01-25 438 shares ($158.94; $69,616) and 3,333 shares ($158.94; $529,747). The combined value of the withheld shares is about $637,032. The award issuance itself is reported at $0 purchase price because it was a grant that vested under performance criteria.

Key Details

• Transaction dates and prices:
  • 2026-01-24: 237 shares withheld @ $158.94 = $37,669 (reported as disposition for tax withholding).
  • 2026-01-25: 6,952 shares granted @ $0 (performance shares issued upon satisfaction of performance criteria).
  • 2026-01-25: 438 shares withheld @ $158.94 = $69,616; 3,333 shares withheld @ $158.94 = $529,747.
• Total shares withheld for taxes: 4,008; total withheld value ≈ $637,032.
• Footnotes: Withheld shares represent the issuer covering tax withholding on vested restricted stock units and performance shares; the 6,952 shares were issued pursuant to satisfaction of performance criteria.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing date: Form 4 filed 2026-01-27 reporting transactions on 2026-01-24–01-25. No late filing indication in the provided data.

Context

• These transactions reflect an issuance of performance-based shares to the SVP and routine company withholding of shares to satisfy tax obligations upon vesting — not open-market sales. Withholding dispositions are a common administrative step and do not necessarily indicate insider buying/selling intent.