Scott Christopher A 4

What Happened

• Scott Christopher, Senior Vice President of Matson, was issued 6,952 performance shares on 2026-01-25 (code A). To satisfy tax-withholding obligations, the issuer withheld a total of 4,315 shares across transactions on 2026-01-24 and 2026-01-25 (code F) at $158.94 per share, resulting in proceeds of $40,530, $74,861 and $570,436 respectively (total withheld value $685,827). The market value of the 6,952 shares at $158.94 is approximately $1,104,951, so net new shares received from the performance award after withholding were about 2,892 shares (overall net change across these events ≈ +2,637 shares when accounting for a separate RSU tax withholding).

Key Details

• Transaction dates and prices:
  • 2026-01-24: 255 shares withheld for RSU tax withholding @ $158.94 = $40,530 (F)
  • 2026-01-25: 6,952 performance shares issued (A) — issuer-reported acquisition @ $0.00
  • 2026-01-25: 471 shares withheld for performance-share tax withholding @ $158.94 = $74,861 (F)
  • 2026-01-25: 3,589 shares withheld for performance-share tax withholding @ $158.94 = $570,436 (F)
• Shares owned after the transactions: not provided in the data supplied.
• Notable footnotes:
  • F1: Common stock withheld to cover tax withholding for a prior RSU vesting.
  • F2: Issuance of shares upon satisfaction of performance criteria (Performance Shares) under Rule 16b-3(d).
  • F3: Common stock withheld to cover tax withholding on the vesting of Performance Shares.
• Filing timeliness: Form filed 2026-01-27 for transactions on 2026-01-24 and 01-25; appears to be filed within the standard two-business-day reporting window.

Context

• The reported “sales” (code F) are stock-withholding transactions to satisfy tax obligations from vesting (a common, routine corporate practice), not open-market dispositions initiated as a sale decision by the insider.
• The core event is an award of performance shares (A), which is an acquisition of equity granted under compensation/performance metrics; such awards are compensation-related and don’t necessarily signal the insider’s market view.