Wine Joel M 4

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.