Kinney Richard S 4

What Happened

• Richard S. Kinney, Senior Vice President of Matson, received 6,952 shares on Jan 25, 2026 as the issuance of Performance Shares (acquired at $0.00, F2). To cover tax withholding from vesting, the issuer withheld a total of 4,315 shares in three withholding transactions: 255 shares on Jan 24 (value $40,530), 471 shares on Jan 25 (value $74,861), and 3,589 shares on Jan 25 (value $570,436). The withholding price used was $158.94 per share. Net new shares issued to Kinney from this vesting = 6,952 − 4,315 = 2,637 shares.

Key Details

• Transaction dates and amounts:
  • 2026-01-24: 255 shares withheld at $158.94 each = $40,530 (F1)
  • 2026-01-25: 6,952 shares issued as Performance Shares at $0.00 (F2)
  • 2026-01-25: 471 shares withheld at $158.94 each = $74,861 (F3)
  • 2026-01-25: 3,589 shares withheld at $158.94 each = $570,436 (F3)
• Total withheld to cover taxes: 4,315 shares, aggregate value $685,827.
• Net shares retained by insider from the vesting: 2,637 shares.
• Footnotes: F1/F3 = common stock withheld to cover tax withholding; F2 = issuance upon satisfaction of Performance Share criteria under Rule 16b-3(d).
• Shares owned after the reported transactions are not provided in the supplied filing excerpt.
• Filing: Form 4 filed Jan 27, 2026 reporting transactions on Jan 24–25; this filing appears to be timely based on the provided dates.

Context

• These transactions are vesting and tax-withholding events (code A for award/acquisition and code F for withholding). The withheld shares are not open-market sales by the insider but were retained by the company to satisfy tax obligations. This is a common administrative step following RSU/Performance Share vesting and does not by itself indicate a discretionary sale or purchase decision.