COX MATTHEW J 4
Research Summary
AI-generated summary
Matson (MATX) CEO Matthew Cox Sells 10,000 Shares
What Happened Matthew J. Cox, Chairman & CEO of Matson, Inc. (MATX), sold a total of 10,000 shares on June 8, 2026 in multiple open-market transactions for aggregate proceeds of approximately $1,900,807. The sales were reported in five blocks: 147 shares @ $186.13 ($27,361); 935 @ $189.35 ($177,045); 1,311 @ $188.44 ($247,051); 1,456 @ $191.10 ($278,236); and 6,151 @ $190.39 ($1,171,114). These were sales (S), not purchases.
Key Details
- Transaction date: 2026-06-08; Form filed: 2026-06-09 (timely filing).
- Aggregate shares sold: 10,000; aggregate proceeds: ~$1,900,807.
- Per-block weighted-average prices and reported ranges:
- 147 shares @ $186.13 (trades ranged $186.05–$186.21) (F2)
- 935 shares @ $189.35 (range $188.80–$189.62) (F3)
- 1,311 shares @ $188.44 (range $187.80–$188.77) (F4)
- 1,456 shares @ $191.10 (range $190.86–$191.66) (F5)
- 6,151 shares @ $190.39 (range $189.84–$190.79) (F6)
- Transaction executed pursuant to a Rule 10b5-1 trading plan adopted March 9, 2026 (F1).
- Reporting person offers to provide detailed trade-level quantities/prices to SEC staff, issuer or security holders upon request.
- Shares owned after transaction: not specified in the supplied filing.
Context These were routine insider sales executed under a pre-established 10b5-1 plan, which allows insiders to sell according to a pre-set schedule and is commonly used to avoid questions about trading on material nonpublic information. Sales do not necessarily indicate management sentiment about the company; purchases tend to be more informative about insider conviction.