Kanehira Derek T 4
4 · Alexander & Baldwin, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Alexander & Baldwin (ALEX) SVP Derek T. Kanehira Receives Award, Sells Shares
What Happened
Derek T. Kanehira, Senior Vice President of Alexander & Baldwin (ALEX), received 2,404 shares upon vesting of performance share units (PSUs). At the same time, 2,483 shares were surrendered/withheld to cover tax withholding obligations; those withheld shares were reported at $20.74 each for a total of $51,497. The grant was reported as an acquisition at $0.00 per share because these were vested performance awards.
Key Details
- Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely filing).
- Award (A): 2,404 shares acquired at $0.00 (vested PSUs).
- Tax withholding (F): 2,483 shares disposed/withheld at $20.74 = $51,497.
- Footnotes: F1 — shares came from PSUs with a performance period ending 2025 tied to relative TSR and financial metrics; F2 — shares withheld to satisfy tax withholding from vesting of prior restricted stock and PSU grants.
- Shares owned after the transactions: not specified in the provided filing.
Context
This was not an open-market sale but routine withholding of shares to satisfy tax liabilities when equity awards vest (a common practice). The PSU award reflects performance-based compensation tied to 2025 results; the withheld shares may include or relate to prior grants per the filing footnote. These actions are administrative (award vesting and tax withholding) rather than a directional buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-01+2,404→ 23,484.39 total - Tax Payment
Common Stock
[F2]2026-02-01$20.74/sh−2,483$51,497→ 21,001.39 total
Footnotes (2)
- [F1]Represents shares of the Issuer's common stock underlying performance share units with a performance period ending in calendar year 2025 that were eligible to vest based on the Issuer's relative total shareholder return and financial metrics over the relevant performance period.
- [F2]Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of previous grants of restricted stock units and performance share units.