[Form 4] Alexander & Baldwin, Inc. Insider Trading Activity
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.
Meredith J. Ching, Vicepresidente esecutiva per gli Affari Esterni di Alexander & Baldwin (ALEX), ha comunicato la vendita di 700 azioni del capitale sociale della società effettuata nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1. Le vendite sono state eseguite in più transazioni a prezzi compresi tra $18.06 e $18.22, con un prezzo medio ponderato di $18.144. Dopo le operazioni segnalate, la Sig.ra Ching deteneva direttamente in modo beneficiario 148,249 azioni, con interessi indiretti aggiuntivi di 213 azioni in capo al coniuge e 781.571 azioni tramite un TCESOP. Il deposito segnala che la persona che effettua la segnalazione fornirà su richiesta i dettagli di prezzo per singola transazione.
Meredith J. Ching, Vicepresidenta Ejecutiva de Asuntos Externos de Alexander & Baldwin (ALEX), informó la venta de 700 acciones del capital común de la compañía realizada en el marco de un plan de negociación conforme a la Rule 10b5-1. Las ventas se ejecutaron en múltiples transacciones a precios comprendidos entre $18.06 y $18.22, con un precio medio ponderado de $18.144. Tras las operaciones comunicadas, la Sra. Ching poseía de forma beneficiaria 148,249 acciones directamente, con intereses indirectos adicionales de 213 acciones en poder del cónyuge y 781.571 acciones a través de un TCESOP. La presentación indica que la persona informante facilitará, a petición, los detalles de precio por cada transacción.
Meredith J. Ching은 Alexander & Baldwin (ALEX)의 대외 업무 담당 수석 부사장으로서 Rule 10b5-1 거래 계획에 따라 회사 보통주 700주를 매도했다고 신고했습니다. 매도는 여러 거래로 나뉘어 $18.06에서 $18.22 사이의 가격으로 체결되었으며, 가중 평균 가격은 $18.144였습니다. 신고된 거래 후 Ching 씨는 직접적으로 148,249주를 보유하고 있으며, 배우자가 보유한 213주와 TCESOP를 통한 781.571주의 간접 이익도 있다고 기재되어 있습니다. 신고서에는 신고인이 요청 시 거래별 가격 세부사항을 제공할 것이라고 명시되어 있습니다.
Meredith J. Ching, vice-présidente exécutive aux affaires externes d'Alexander & Baldwin (ALEX), a déclaré la vente de 700 actions ordinaires de la société réalisée dans le cadre d'un plan de négociation Rule 10b5-1. Les ventes ont été effectuées en plusieurs transactions à des prix allant de $18.06 à $18.22, produisant un prix moyen pondéré de $18.144. Après les transactions signalées, Mme Ching détenait bénéficiairement 148,249 actions en direct, avec des intérêts indirects supplémentaires de 213 actions détenues par un conjoint et de 781.571 actions via un TCESOP. Le dossier précise que la personne déclarante fournira, sur demande, les détails des prix par transaction.
Meredith J. Ching, Executive Vice President, External Affairs bei Alexander & Baldwin (ALEX), meldete den Verkauf von 700 Aktien der Stammaktien des Unternehmens, durchgeführt im Rahmen eines Rule-10b5-1-Handelsplans. Die Verkäufe wurden in mehreren Transaktionen zu Preisen zwischen $18.06 und $18.22 ausgeführt, mit einem gewogenen Durchschnittspreis von $18.144. Nach den gemeldeten Transaktionen hielt Frau Ching begünstigt 148,249 Aktien direkt, zusätzlich indirekte Interessen von 213 Aktien, die vom Ehepartner gehalten werden, und 781.571 Aktien über einen TCESOP. Die Meldung weist darauf hin, dass die meldende Person auf Anfrage Einzelheiten zu den Preisen pro Transaktion bereitstellen wird.
- 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
- 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
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.
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.
Meredith J. Ching, Vicepresidente esecutiva per gli Affari Esterni di Alexander & Baldwin (ALEX), ha comunicato la vendita di 700 azioni del capitale sociale della società effettuata nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1. Le vendite sono state eseguite in più transazioni a prezzi compresi tra $18.06 e $18.22, con un prezzo medio ponderato di $18.144. Dopo le operazioni segnalate, la Sig.ra Ching deteneva direttamente in modo beneficiario 148,249 azioni, con interessi indiretti aggiuntivi di 213 azioni in capo al coniuge e 781.571 azioni tramite un TCESOP. Il deposito segnala che la persona che effettua la segnalazione fornirà su richiesta i dettagli di prezzo per singola transazione.
Meredith J. Ching, Vicepresidenta Ejecutiva de Asuntos Externos de Alexander & Baldwin (ALEX), informó la venta de 700 acciones del capital común de la compañía realizada en el marco de un plan de negociación conforme a la Rule 10b5-1. Las ventas se ejecutaron en múltiples transacciones a precios comprendidos entre $18.06 y $18.22, con un precio medio ponderado de $18.144. Tras las operaciones comunicadas, la Sra. Ching poseía de forma beneficiaria 148,249 acciones directamente, con intereses indirectos adicionales de 213 acciones en poder del cónyuge y 781.571 acciones a través de un TCESOP. La presentación indica que la persona informante facilitará, a petición, los detalles de precio por cada transacción.
Meredith J. Ching은 Alexander & Baldwin (ALEX)의 대외 업무 담당 수석 부사장으로서 Rule 10b5-1 거래 계획에 따라 회사 보통주 700주를 매도했다고 신고했습니다. 매도는 여러 거래로 나뉘어 $18.06에서 $18.22 사이의 가격으로 체결되었으며, 가중 평균 가격은 $18.144였습니다. 신고된 거래 후 Ching 씨는 직접적으로 148,249주를 보유하고 있으며, 배우자가 보유한 213주와 TCESOP를 통한 781.571주의 간접 이익도 있다고 기재되어 있습니다. 신고서에는 신고인이 요청 시 거래별 가격 세부사항을 제공할 것이라고 명시되어 있습니다.
Meredith J. Ching, vice-présidente exécutive aux affaires externes d'Alexander & Baldwin (ALEX), a déclaré la vente de 700 actions ordinaires de la société réalisée dans le cadre d'un plan de négociation Rule 10b5-1. Les ventes ont été effectuées en plusieurs transactions à des prix allant de $18.06 à $18.22, produisant un prix moyen pondéré de $18.144. Après les transactions signalées, Mme Ching détenait bénéficiairement 148,249 actions en direct, avec des intérêts indirects supplémentaires de 213 actions détenues par un conjoint et de 781.571 actions via un TCESOP. Le dossier précise que la personne déclarante fournira, sur demande, les détails des prix par transaction.
Meredith J. Ching, Executive Vice President, External Affairs bei Alexander & Baldwin (ALEX), meldete den Verkauf von 700 Aktien der Stammaktien des Unternehmens, durchgeführt im Rahmen eines Rule-10b5-1-Handelsplans. Die Verkäufe wurden in mehreren Transaktionen zu Preisen zwischen $18.06 und $18.22 ausgeführt, mit einem gewogenen Durchschnittspreis von $18.144. Nach den gemeldeten Transaktionen hielt Frau Ching begünstigt 148,249 Aktien direkt, zusätzlich indirekte Interessen von 213 Aktien, die vom Ehepartner gehalten werden, und 781.571 Aktien über einen TCESOP. Die Meldung weist darauf hin, dass die meldende Person auf Anfrage Einzelheiten zu den Preisen pro Transaktion bereitstellen wird.
FAQ
What did Meredith J. Ching report selling in the Form 4 for ALEX?
How many ALEX shares does Meredith Ching beneficially own after the reported transaction?
Was the sale by Meredith Ching prearranged under an insider plan?
At what prices were the ALEX shares sold?
What is Meredith J. Ching's role at Alexander & Baldwin?
When was the Form 4 signed and filed?
