Parker Lance K 4

What Happened

• Lance K. Parker, Chief Executive Officer of Alexander & Baldwin (ALEX), was issued 3,017 shares on 2026-02-01 as the settlement of performance share units (award). These shares were recorded at $0.00 per share (award settlement value = $0).
• On the same date, 1,678 shares were withheld/disposed to cover tax withholding obligations at an effective price of $20.74 per share, generating a withholding value of $34,802. This withholding is not an open-market sale but was used to satisfy taxes.

Key Details

• Transaction dates: 2026-02-01 (award and withholding); Form 4 filed 2026-02-03 (timely filing).
• Award: 3,017 shares (code A) — underlying performance share units tied to a performance period ending in 2025 (footnote F1).
• Withholding: 1,678 shares withheld (code F) at $20.74/share for $34,802 to cover tax obligations from vesting (footnote F2).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed two days after the transaction date, which is within the standard two-business-day reporting requirement (not late).

Context

• The 3,017 shares represent settlement of performance-based equity (PSUs) that vested based on relative total shareholder return and financial metrics for the 2025 performance period — common executive compensation, not a cash purchase.
• The withholding of 1,678 shares was for tax withholding on vesting and should not be interpreted as a market sale signaling sentiment; it’s a routine administrative disposition.