Tungul Jennifer C. 4

What Happened
Jennifer C. Tungul, Senior Vice President of Matson, Inc. (MATX), was issued 812 shares on Jan 25, 2026 pursuant to satisfaction of performance-share criteria. To cover tax-withholding obligations tied to the vesting of restricted and performance shares, the issuer withheld a total of 555 shares on Jan 24–25, 2026 (69 @ $158.94 = $10,967; 123 @ $158.94 = $19,550; 363 @ $158.94 = $57,695), totaling $88,212. The 812-share entry is an award/acquisition (code A); the 555-share entries are tax-withholding disposals (code F).

Key Details

• Transaction dates and prices:
  • 2026-01-24: 69 shares withheld @ $158.94 (disposed) = $10,967
  • 2026-01-25: 812 shares granted @ $0.00 (acquired) = $0 (performance award)
  • 2026-01-25: 123 shares withheld @ $158.94 (disposed) = $19,550
  • 2026-01-25: 363 shares withheld @ $158.94 (disposed) = $57,695
• Total shares withheld for taxes: 555; total withholding value: $88,212.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes from the filing:
  • F1/F3: Common stock withheld by the issuer to satisfy tax withholding obligations for vested restricted stock units and Performance Shares.
  • F2: Issuance of shares pursuant to satisfaction of performance criteria of Performance Shares (granted under Rule 16b-3(d)).
• Filing: Form 4 filed with report period 2026-01-24 and filing date 2026-01-27.

Context
These transactions reflect an equity award (performance shares) and routine issuer share-withholding to cover taxes on vesting, not open-market sales. Withholdings are a common, administrative way to satisfy tax obligations and do not necessarily indicate a change in the insider’s market view. The award was granted based on performance criteria rather than being an open-market purchase.