Matson director granted 969-share RSU award

Matson, Inc. director Constance H. Lau received an equity award linked to 969 shares of common stock at no cash cost, classified as a grant or award acquisition.

Rhea-AI Filing Summary

Matson, Inc. director Constance H. Lau received an equity award linked to 969 shares of common stock at no cash cost, classified as a grant or award acquisition. Following this grant, she directly holds a total of 76,594.4054 shares of Matson common stock.

The award is in the form of restricted stock units issued under Matson’s 2025 Incentive Compensation Plan, with 100% cliff vesting on the earlier of the grant-date anniversary or the next annual shareholders meeting. Her reported holdings also include shares accumulated through a Dividend Reinvestment Program under Rule 16a-11.

Insider Trade Summary

Grant/Award: 969 shares

Grant/Award 1 txn

Insider LAU CONSTANCE H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	969	$0.00	$0.00

Holdings After Transaction: Common Stock — 76,594.4054 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units issued under the Issuer's 2025 Incentive Compensation Plan that have 100% cliff vesting on the earlier of the grant date anniversary or the next annual shareholders meeting of the Issuer followingthe date of the grant of such restricted stock units.
2. F2. The reported number of shares includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11.

Key Figures

RSU grant size: 969 shares Grant price: $0.0000 per share Total holdings after grant: 76,594.4054 shares

3 metrics

RSU grant size 969 shares Restricted stock units issued under 2025 Incentive Compensation Plan

Grant price $0.0000 per share Compensation-related award, not an open-market purchase

Total holdings after grant 76,594.4054 shares Direct Matson common stock ownership following transaction

Key Terms

Restricted stock units, 2025 Incentive Compensation Plan, cliff vesting, Dividend Reinvestment Program, +1 more

5 terms

Restricted stock units financial

"Restricted stock units issued under the Issuer's 2025 Incentive Compensation Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2025 Incentive Compensation Plan financial

"Restricted stock units issued under the Issuer's 2025 Incentive Compensation Plan"

cliff vesting financial

"have 100% cliff vesting on the earlier of the grant date anniversary"

Dividend Reinvestment Program financial

"includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

Rule 16a-11 regulatory

"Dividend Reinvestment Program pursuant to Rule 16a-11"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Matson (MATX) director Constance H. Lau receive in this Form 4 filing?

Constance H. Lau received an equity grant tied to 969 shares of Matson common stock. The filing classifies this as a grant or award acquisition, reflecting compensation rather than an open-market purchase, and it increases her recorded direct ownership stake in the company.

How many Matson (MATX) shares does Constance H. Lau hold after this transaction?

After the reported grant, Constance H. Lau directly holds 76,594.4054 shares of Matson common stock. This total includes the new restricted stock units and shares accumulated through a Dividend Reinvestment Program, as noted in the filing’s ownership and footnote disclosures.

What are the vesting terms for Constance H. Lau’s Matson (MATX) restricted stock units?

The restricted stock units have 100% cliff vesting on the earlier of the grant date anniversary or Matson’s next annual shareholders meeting. This means all units vest at once at that time, rather than gradually over multiple dates, under the company’s 2025 Incentive Compensation Plan.

Did Constance H. Lau pay cash for the Matson (MATX) shares reported in this Form 4?

No, the transaction price per share is reported as 0.0000, indicating this was a compensation-related grant, not an open-market purchase. The award represents additional equity given to Lau under Matson’s incentive compensation plan rather than a cash investment.

How does the Dividend Reinvestment Program affect Constance H. Lau’s Matson (MATX) holdings?

The filing notes that Lau’s reported share count includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11. This means some of her Matson dividends are automatically reinvested to purchase additional shares, gradually increasing her ownership over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/27/2026 - 04:55 PM EDT 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^*

LAU CONSTANCE H

(Last) (First) (Middle)

1503 UALAKAA PLACE

(Street)

HONOLULU HAWAII 96822

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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	04/23/2026		A		969(1)	A	$0.0000	76,594.4054(2)	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. Restricted stock units issued under the Issuer's 2025 Incentive Compensation Plan that have 100% cliff vesting on the earlier of the grant date anniversary or the next annual shareholders meeting of the Issuer followingthe date of the grant of such restricted stock units.

2. The reported number of shares includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11.

	/s/ Constance H. Lau	04/24/2026
	** 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)