Chun Clayton K Y 4

What Happened
Chun Clayton K. Y., Chief Financial Officer of Alexander & Baldwin, received 2,414 shares on February 1, 2026 as the settlement of performance share units (award/acquisition). To satisfy tax withholding obligations, 908 of those shares were retained by the company at $20.74 per share, equal to $18,832. Net shares delivered to Clayton were 1,506 (2,414 granted minus 908 withheld). These actions represent the vesting and settlement of compensation, not an open-market purchase or sale.

Key Details

• Transaction dates: February 1, 2026 (award/settlement and share withholding). Form 4 filed February 3, 2026 (timely filing).
• Transactions reported:
  • A (Award/Acquisition): 2,414 shares @ $0.00 (issued on vesting of PSUs).
  • F (Tax withholding): 908 shares withheld @ $20.74 = $18,832.
• Shares owned after the transaction: not provided in the supplied data.
• Footnotes:
  • F1: Shares represent common stock underlying performance share units with a performance period ending in 2025, eligible to vest based on relative total shareholder return and financial metrics.
  • F2: Withheld shares were used to cover tax withholding obligations arising from the vesting.
• No sale in the open market — withholding is an administrative cashless step to cover taxes.

Context
Performance share unit (PSU) settlements are common executive compensation events: they convert prior awards into stock when specified performance goals are met. The withholding of shares to cover taxes is routine and does not necessarily signal any change in the insider’s view of the company.