Alexander & Baldwin Insider Update: CEO Tax-Withholds $59k in Stock

Rhea-AI Filing Summary

Alexander & Baldwin, Inc. (ALEX) – Form 4 filing dated 31-Jul-2025

President & CEO Lance K. Parker reported a Rule 16 transaction code “F”, indicating shares were withheld by the company to satisfy tax obligations arising from a prior restricted stock-unit vesting.

• Shares withheld (disposed): 3,277 common shares
• Price used for withholding: $17.98 per share
• Value of withholding: approx. $58.9 k
• Post-transaction direct ownership: 222,335.756 common shares

The filing shows no open-market buying or selling by the executive and no derivative security activity. After the tax-related disposal, Parker retains a substantial equity stake, keeping his economic alignment with shareholders largely intact.

Positive

• Executive alignment remains strong: Parker continues to hold over 222k ALEX shares after the transaction, maintaining skin in the game.

Negative

• Slight dilution of insider stake: Direct ownership decreased by 3,277 shares, though for tax withholding rather than discretionary selling.

Insights

Securities Analyst

TL;DR: Routine tax withholding; minimal market impact.

Code F transactions are non-discretionary and normally neutral for investors. Parker’s 3,277-share withholding (~$59k) is <1.5% of his 222k-share position, leaving his ownership effectively unchanged. Because the shares were not sold on the open market, trading supply/demand is unaffected. The filing therefore carries little valuation significance; it only updates the ownership register.

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).

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^*

Parker Lance K

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres./Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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	07/31/2025		F(1)		3,277	D	$17.98	222,335.756	D

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. Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.

	/s/ Lance K. Parker	07/31/2025
	** 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

How many ALEX shares did CEO Lance K. Parker dispose of on 31-Jul-2025?

He had 3,277 common shares withheld to cover taxes.

Was the transaction an open-market sale?

No. The Code F transaction reflects withholding for tax liabilities, not a market sale.

What is Parker’s remaining ALEX shareholding after the transaction?

He now directly owns 222,335.756 shares.

Does the filing report any derivative security activity?

No derivative securities were acquired or disposed of in this filing.

What price was used for the tax-withholding shares?

The shares were valued at $17.98 per share for withholding purposes.