COX MATTHEW J 4

What Happened
Matthew J. Cox, Chairman & CEO of Matson, Inc. (MATX), sold a total of 10,000 shares in open-market transactions on June 29, 2026, generating combined proceeds of approximately $1,929,124. The sales broke down as: 2,747 shares at a weighted-average price of $191.81 ($526,902), 3,054 shares at $192.89 ($589,086), and 4,199 shares at $193.65 ($813,136). These were outright sales (code S) and generally represent routine insider selling rather than a corporate action indicating company performance.

Key Details

• Transaction date: June 29, 2026 (filed same day) — appears timely.
• Individual trades:
  • 2,747 shares @ $191.81 — $526,902 (executed in multiple trades at $191.29–$192.23) [F2]
  • 3,054 shares @ $192.89 — $589,086 (executed in multiple trades at $192.34–$193.20) [F3]
  • 4,199 shares @ $193.65 — $813,136 (executed in multiple trades at $193.37–$193.87) [F4]
• Total sold: 10,000 shares for ~$1.93 million.
• Footnote: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 9, 2026 [F1].
• Shares owned after transaction: Not specified in the Form 4 filing.
• Transaction type: S = Sale (insider disposition).

Context
A 10b5-1 plan allows insiders to sell pre-scheduled shares even when they might possess material nonpublic information; it is commonly used to avoid questions about timing. Sales do not necessarily reflect the CEO’s view of the company’s prospects—retail investors should consider these trades as one data point alongside company fundamentals and broader insider activity.