Rascon Laura L 4

What Happened

• Laura L. Rascon, Senior Vice President of Matson, received a grant/issuance of 6,952 shares (performance shares) on 2026-01-25 (code A). To cover tax withholding tied to vesting, Matson withheld a total of 2,615 shares across 2026-01-24 and 2026-01-25 (codes F) at a reported per-share value of $158.94, producing cash-equivalent withholding of about $415,628.
• The 6,952-share entry is an issuance (not an open-market purchase), and the withheld shares represent issuer withholding to satisfy tax obligations — a routine, non-discretionary disposition.

Key Details

• Transaction dates and prices:
  • 2026-01-24: 210 shares withheld at $158.94 each = $33,377 (tax withholding)
  • 2026-01-25: 6,952 shares issued at $0.00 (performance-share issuance)
  • 2026-01-25: 387 shares withheld at $158.94 each = $61,510 (tax withholding)
  • 2026-01-25: 2,018 shares withheld at $158.94 each = $320,741 (tax withholding)
• Total withheld/disposed: 2,615 shares; total cash value of withholding ≈ $415,628.
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes from the filing:
  • F1/F3: Shares were withheld by the issuer to cover tax withholding obligations from vesting.
  • F2: The issued shares reflect satisfaction of performance criteria for Performance Shares (issued under Rule 16b-3(d)).
• Filing timeliness: Form 4 was filed on 2026-01-27 reporting transactions dated 2026-01-24 and 2026-01-25; no late filing indicator was provided in the summary.

Context

• These transactions are compensation-related (performance-share issuance and tax withholding). The issuance is not a market purchase, and the withheld shares are a routine method employers use to cover tax liabilities when awards vest — they should not be read as a discretionary sell signal by the insider.
• For retail investors, purchases are generally a stronger indicator of insider conviction than routine vesting/withholding events.