YEAMAN ERIC K 4

What Happened

• Eric K. Yeaman, a director of Alexander & Baldwin, had restricted stock units cancelled and converted into cash as part of the March 12, 2026 merger. The Form 4 shows two dispositions to the issuer: 9,513 shares and 72,014 shares (total 81,527 shares).
• Although the Form 4 lists $0.00 per share (disposition to issuer), the Merger Agreement converted each share into $20.85 in cash (the Merger Consideration). That equals approximately $1,699,837.95 before applicable withholding and plus any accrued dividend equivalents.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely within the two business‑day reporting window).
• Reported dispositions: 9,513 shares and 72,014 shares; Price on Form 4: $0.00 (shares cancelled). Merger cash price: $20.85/share.
• Approximate cash value: 81,527 shares × $20.85 = $1,699,837.95 (subject to withholding and any adjustments for accrued dividend equivalents).
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSU awards that vested only on service were cancelled and converted to cash per the Merger Agreement; cash payments are subject to applicable tax withholding.

Context

• This was a merger cash‑out (corporate transaction), not an open‑market sale; such conversions are routine and reflect the deal terms rather than an insider trading decision.
• Treat this as a liquidity event for equity awards rather than an expression of buy/sell sentiment by the director.