Matson EVP Heilmann sells 7,173 company shares

Matson, Inc. executive Peter T. Heilmann, EVP, Chief Administrative Officer and General Counsel, reported an open-market sale of 7,173 shares of Common Stock at $180.19 per share on May 12, 2026.

Rhea-AI Filing Summary

Matson, Inc. executive Peter T. Heilmann, EVP, Chief Administrative Officer and General Counsel, reported an open-market sale of 7,173 shares of Common Stock at $180.19 per share on May 12, 2026. After this transaction, he directly holds 25,506 shares of Matson common stock.

Insights

Equity compensation and insider-trading analyst

Matson executive sold 7,173 shares but retains a sizable position.

Executive vice president Peter T. Heilmann executed an open-market sale of 7,173 Matson common shares at $180.19 each. This is categorized as a non-derivative transaction, meaning he sold existing shares rather than exercising options or other derivatives.

Following the sale, Heilmann directly holds 25,506 shares, indicating he maintains a meaningful equity stake. With no derivative positions listed and no trading-plan or ownership-disclaimer footnotes provided, this appears as a straightforward discretionary sale whose significance depends on broader portfolio and compensation context not shown here.

Insider Trade Summary

Net Seller: 7,173 shares

Net Sell 1 txn

Insider Heilmann Peter T

Role EVP, Chief Admin. Officer & GC

Sold 7,173 shs ($1.29M)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,173	$180.19	$1.29M

Holdings After Transaction: Common Stock — 25,506 shares (Direct)

Key Figures

Shares sold: 7,173 shares Sale price: $180.19 per share Shares held after sale: 25,506 shares +1 more

4 metrics

Shares sold 7,173 shares Open-market sale of Matson Common Stock

Sale price $180.19 per share Price for 7,173 Matson shares sold

Shares held after sale 25,506 shares Direct Matson Common Stock holdings post-transaction

Net shares sold 7,173 shares Net-sell direction in transaction summary

Key Terms

open-market sale, Common Stock, transaction code, non-derivative

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code financial

"transaction_code": "S""

non-derivative financial

"transaction_type": "non-derivative""

FAQ

What insider transaction did Matson (MATX) report for Peter T. Heilmann?

Matson reported that Peter T. Heilmann executed an open-market sale of 7,173 shares of Common Stock. The shares were sold at a price of $180.19 per share, and the transaction is classified as a non-derivative sale of already-owned stock.

How many Matson (MATX) shares did Peter T. Heilmann retain after the sale?

After the reported transaction, Peter T. Heilmann directly holds 25,506 shares of Matson Common Stock. This figure reflects his remaining direct ownership following the 7,173-share open-market sale disclosed in the Form 4 insider trading report.

At what price were Peter T. Heilmann’s Matson (MATX) shares sold?

The Form 4 shows that Peter T. Heilmann’s 7,173 Matson Common Stock shares were sold at an average price of $180.19 per share. This price applies to the entire disclosed block of shares sold in the open-market transaction on the reported date.

Was the Matson (MATX) insider transaction a derivative exercise or a direct stock sale?

The transaction was a direct stock sale, not a derivative exercise. It is categorized as a non-derivative open-market sale of Common Stock, indicating Heilmann sold existing shares rather than converting options, warrants, or other derivative securities into stock.

What does the Form 4 transaction code indicate for the Matson (MATX) insider sale?

The Form 4 lists transaction code “S,” which denotes a sale in an open-market or private transaction. This confirms that Peter T. Heilmann’s 7,173-share transaction was a sale of Common Stock rather than a purchase, gift, tax withholding, or restructuring event.

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Accepted by SEC EDGAR 05/14/2026 - 01:50 PM Learn about SEC filing dates

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^*

Heilmann Peter T

(Last) (First) (Middle)

1411 SAND ISLAND PARKWAY

(Street)

HONOLULU HAWAII 96819

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Matson, Inc. [ MATX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Admin. Officer & GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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	05/12/2026		S		7,173	D	$180.19	25,506	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:

	/s/ Peter T. Heilmann	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)