Taylor Jason Lee 4

What Happened Taylor Jason Lee, Senior Vice President of Matson, was issued 6,952 performance shares (award) on Jan 25, 2026 (code A). To satisfy tax-withholding obligations tied to vesting, Matson withheld/disposed a total of 4,312 shares (codes F) across Jan 24–25 at $158.94 per share, generating proceeds of $40,530, $74,861 and $569,959 respectively (total withheld ≈ $685,350). Net of withholdings, Lee received about 2,640 additional shares (6,952 gross − 4,312 withheld). The award was issued pursuant to satisfaction of performance criteria (per footnote).

Key Details

• Transactions and values:
  • 2026-01-24: 255 shares withheld @ $158.94 → $40,530 (tax withholding)
  • 2026-01-25: 6,952 shares issued @ $0.00 → award of Performance Shares (F2)
  • 2026-01-25: 471 shares withheld @ $158.94 → $74,861 (tax withholding)
  • 2026-01-25: 3,586 shares withheld @ $158.94 → $569,959 (tax withholding)
• Gross market value of 6,952 shares at $158.94 ≈ $1.105M (award reported at $0 since it’s an issuance).
• Net new shares to insider ≈ 2,640 after tax withholding.
• Footnotes: F2 = issuance on satisfaction of performance criteria; F1/F3 = shares withheld to cover tax withholding.
• Shares owned after the transactions are not disclosed in the provided filing.
• Filing date: Form 4 filed 2026-01-27 reporting transactions from Jan 24–25, 2026. (No late-filing flag provided.)

Context

• These transactions are not an open-market sale or purchase but a vesting of performance shares with company withholding to cover taxes (a common “net settlement”/cashless withholding). Such withholdings are routine and reflect tax obligations rather than a sell signal.