STUCK KEVIN L 4

What Happened

• Kevin L. Stuck, Vice President and Controller of Matson, received 3,496 shares on 2026-01-25 pursuant to performance shares vesting. To cover tax withholding obligations, Matson withheld a total of 2,515 shares (240 on 2026-01-24 and 2,275 on 2026-01-25) at an effective per-share value of $158.94, representing $399,734 in aggregate withholding value. The 3,496-share issuance is an award (performance shares); the withheld shares were not open-market sales by the insider.

Key Details

• Transaction dates and amounts:
  • 2026-01-24: 240 shares withheld for taxes @ $158.94 = $38,146 (tax withholding)
  • 2026-01-25: 3,496 shares issued as performance shares (no cash paid)
  • 2026-01-25: 444 shares withheld for taxes @ $158.94 = $70,569
  • 2026-01-25: 1,831 shares withheld for taxes @ $158.94 = $291,019
  • Total withheld: 2,515 shares; total withholding value = $399,734
• Net effect: Issued 3,496 shares, 2,515 withheld → net increase of 981 shares to Stuck’s holdings (based on these transactions).
• Footnotes: F1/F3 = shares withheld by issuer to satisfy tax withholding; F2 = issuance upon satisfaction of performance criteria for Performance Shares.
• Filing: Report filed 2026-01-27 covering transactions 2026-01-24–01-25; this appears to be filed within the typical Section 16 reporting window (not marked late in the provided data).

Context

• These transactions reflect the vesting/issuance of performance shares and routine issuer tax-withholding (a common cashless settlement), not an open-market sale or purchase by the insider. Such withholding reduces the number of shares delivered to the insider to satisfy taxes and does not necessarily indicate a change in the insider’s market sentiment.