Morita Scott G 4

What Happened

• Scott G. Morita, Senior Vice President & Corporate Counsel of Alexander & Baldwin (ALEX), received 1,639 shares on 2026-02-01 as the settlement of performance share units that vested. Those shares were reported at $0 acquisition price because they were earned awards.
• On the same date, 2,501 shares were disposed (withheld) by the company to cover tax withholding obligations at $20.74 per share, for a total withholding value of $51,871. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (filing appears timely).
• Award/acquisition: 1,639 shares @ $0.00 (performance share units vested).
• Disposition for taxes: 2,501 shares @ $20.74 = $51,871 (shares withheld to satisfy tax withholding).
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: These 1,639 shares represent PSUs with a performance period ending 2025, earned based on relative TSR and financial metrics.
  • F2: The 2,501 shares were common stock withheld by the issuer to cover tax withholding from vesting of prior RSUs/PSUs.
• Transaction codes: A = Award/Acquisition; F = Tax withholding (disposition).

Context

• This activity reflects compensation settlement and routine tax withholding tied to vested equity awards, not a discretionary open-market sale or purchase. For retail investors, such awards are a form of pay/retention and withholding is standard practice to cover taxes.