LAU CONSTANCE H 4

What Happened
Constance H. Lau, a director of Matson, Inc. (MATX), received a grant of 969 restricted stock units (RSUs) on April 23, 2026. The Form 4 reports the acquisition price as $0.00 because these shares were issued as an award under the company’s compensation plan rather than purchased. This is an award/compensation transaction (code A), not an open-market buy or sale.

Key Details

• Transaction date and filing: grant date 2026-04-23; Form 4 filed 2026-04-27 (filed within the typical 2-business-day window).
• Shares/price: 969 RSUs @ $0.00 (award).
• Shares owned after transaction: not specified on the provided summary of the filing.
• Footnotes:
  • F1: RSUs issued under Matson’s 2025 Incentive Compensation Plan, with 100% cliff vesting on the earlier of the one-year anniversary of the grant or the next annual shareholders meeting.
  • F2: The reported number of shares includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11.
• Transaction code meaning: "A" = award/grant of restricted stock units.

Context
RSU grants are routine director/executive compensation and represent future equity tied to service or time-based vesting; they are not an immediate purchase or sale and do not necessarily signal a change in insider sentiment. The 100% cliff vest means all granted units vest at once at the specified vesting date/trigger.