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Alexander & Baldwin, Inc.·4

Mar 16, 6:00 AM ET

Chun Clayton K Y 4

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ALEX CFO Clayton K. Y. Chun Gifts and Cancels 102,597 Shares

What Happened Clayton K. Y. Chun, Chief Financial Officer of Alexander & Baldwin (ALEX), disposed of a total of 102,597 shares on March 12, 2026. He made a bona fide gift of 9,505 shares to a donor-advised fund (no consideration received; F1) and had 16,941 and 76,151 shares converted/disposed to the issuer in connection with the company’s merger (F3). Under the merger terms each outstanding share was cancelled and converted into the right to receive $20.85 in cash; the 93,092 shares converted in the merger equate to approximately $1.94 million (93,092 × $20.85). The Form 4 reports $0.00 for the per-share amount because the cash consideration arises from the merger mechanics, not an open-market trade.

Key Details

  • Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely).
  • Reported transactions: Gift (G) — 9,505 shares; Disposition to issuer (D) — 16,941 shares and 76,151 shares.
  • Reported price: $0.00 (Form 4) — merger consideration per share is $20.85 (F3).
  • Cash value for converted shares: ~ $1,940,968 for 93,092 shares.
  • Post-transaction ownership: Reporting person no longer beneficially owns the gifted shares (F1) and the converted shares were cancelled at the merger Effective Time (F3/F2), so these shares are no longer held.
  • Notable footnotes: Gift to a donor-advised fund (F1); RSU awards with service-only vesting were cancelled and converted into cash per the merger terms (F2); merger Effective Time and per-share cash consideration explained in F3.
  • Filing timeliness: Form 4 was filed within the required window (no late filing flag).

Context These were not open-market sales. The gift to a donor-advised fund is a personal, non-market transfer and does not necessarily indicate trading sentiment. The other dispositions were the routine cash-out of shares and RSUs under the terms of the merger (each share cancelled for $20.85). For employees, RSU conversions and cash payouts remain subject to the original award agreements (including any severance or tax-withholding provisions).