Wine Joel M 4
4 · Matson, Inc. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Matson (MATX) CFO Joel Wine Receives Performance Shares, Withholds Stock
What Happened Joel M. Wine, EVP & CFO of Matson, received 17,874 shares as a Performance Share award on Jan 25, 2026 (issued at $0 as an award). To satisfy tax-withholding obligations tied to the vesting, Matson withheld a total of 11,006 shares (656 on Jan 24; 1,212 and 9,138 on Jan 25) at a reported per-share value of $158.94 — a withholding value of approximately $1,749,294. After withholding, the award resulted in a net increase of 6,868 shares to Wine’s holdings. These withholdings were issuer actions to cover taxes, not open-market sales.
Key Details
- Transaction dates & prices:
- 2026-01-24: 656 shares withheld at $158.94 — $104,265
- 2026-01-25: 17,874 shares issued (award) at $0.00
- 2026-01-25: 1,212 shares withheld at $158.94 — $192,635
- 2026-01-25: 9,138 shares withheld at $158.94 — $1,452,394
- Total withheld shares: 11,006; total withholding value ≈ $1,749,294.
- Net new shares to Wine after withholding: 6,868.
- Footnotes: Award issuance pursuant to satisfaction of performance criteria (Performance Shares). Withheld shares represent issuer withholding to cover tax obligations (routine).
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed Jan 27, 2026; the filing does not indicate a late-report designation.
Context This was an issuance of Performance Shares that vested/paid out subject to performance conditions (Rule 16b-3(d)), with a portion withheld by the company to cover taxes — a common, administrative action that should not be interpreted as an open-market sale. Code A denotes an award/grant; code F denotes withholding for tax obligations.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-24$158.94/sh−656$104,265→ 103,523 total - Award
Common Stock
[F2]2026-01-25+17,874→ 121,397 total - Tax Payment
Common Stock
[F1]2026-01-25$158.94/sh−1,212$192,635→ 120,185 total - Tax Payment
Common Stock
[F3]2026-01-25$158.94/sh−9,138$1,452,394→ 111,047 total
Footnotes (3)
- [F1]Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.
- [F2]Issuance of shares of common stock pursuant to the satisfaction of performance criteria of Performance Shares that were granted in accordance with Rule 16b-3(d).
- [F3]Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of Performance Shares.