Alexander & Baldwin insider sale: Meredith Ching disposes 700 ALEX shares

Rhea-AI Filing Summary

Meredith J. Ching, Executive Vice President, External Affairs of Alexander & Baldwin (ALEX), reported a sale of 700 shares of the company's common stock conducted under a Rule 10b5-1 trading plan. The sales were executed in multiple transactions at prices ranging from $18.06 to $18.22, producing a weighted average price of $18.144. After the reported transactions, Ms. Ching beneficially owned 148,249 shares directly, with additional indirect interests of 213 shares held by a spouse and 781.571 shares through a TCESOP. The filing notes the reporting person will provide per-transaction pricing details on request.

Positive

• Sale was executed under a Rule 10b5-1 trading plan, indicating prearranged compliance with insider-trading rules
• Significant retained direct ownership reported: 148,249 shares remain directly beneficially owned

Negative

• Reported disposition of 700 shares, reducing direct holdings (transaction code S)
• Sales occurred across multiple prices (range $18.06–$18.22), requiring the weighted average disclosure

Insights

Financial Analyst

TL;DR Insider sale is small relative to reported direct holdings, suggesting limited immediate market impact.

The reported sale of 700 shares at a weighted average of $18.144 represents a small fraction of Ms. Ching's direct holdings of 148,249 shares. Executing under a Rule 10b5-1 plan reduces information asymmetry by indicating prearranged transactions. From a market-materiality perspective, the size of the sale is unlikely to affect valuation or signal a major change in insider alignment, while retention of substantial direct ownership maintains alignment with shareholders.

Corporate Governance Expert

TL;DR Use of a 10b5-1 plan and clear disclosure demonstrates procedural compliance and transparency.

The Form 4 discloses that the sales were effected pursuant to a Rule 10b5-1 trading plan and provides a weighted average price plus the price range for the multiple transactions. The reporting person also discloses direct and indirect beneficial ownership components, including spouse holdings and a TCESOP position. This level of disclosure aligns with good governance practices for insider transactions and allows stakeholders to trace the insider's ongoing ownership after the disposition.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHING MEREDITH J

(Last) (First) (Middle)

822 BISHOP STREET

(Street)

HONOLULU HI 96813

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alexander & Baldwin, Inc. [ ALEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. VP, External Affairs

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/11/2025		S(1)		700	D	$18.144(2)	148,249	D
Common Stock								213	I	By Spouse
Common Stock								781.571	I	By TCESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. THE SALES REPORTED IN THIS FORM 4 WERE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.06 to $18.22, inclusive. The reporting person undertakes to provide to Alexander & Baldwin, Inc., any security holder or Alexander & Baldwin, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Meredith J. Ching	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Meredith J. Ching report selling in the Form 4 for ALEX?

The filing reports a sale of 700 shares of Alexander & Baldwin common stock executed under a Rule 10b5-1 trading plan.

How many ALEX shares does Meredith Ching beneficially own after the reported transaction?

The Form 4 shows 148,249 shares directly beneficially owned after the sale, plus 213 shares indirectly by a spouse and 781.571 shares via a TCESOP.

Was the sale by Meredith Ching prearranged under an insider plan?

Yes. The explanatory footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan.

At what prices were the ALEX shares sold?

The shares were sold in multiple transactions at prices ranging from $18.06 to $18.22, with a weighted average price of $18.144.

What is Meredith J. Ching's role at Alexander & Baldwin?

The Form 4 lists Ms. Ching as an Executive Vice President, External Affairs and an officer of the issuer.

When was the Form 4 signed and filed?

The signature block shows the Form 4 was signed by Meredith J. Ching on 08/11/2025.