[Form 4] Matson, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Matson, Inc. Senior Vice President Grace M. Cerocke reported receiving 1,124 restricted stock units tied to Matson common stock at a price of $0.0000 per share on January 21, 2026. These units were granted under Matson’s 2025 Incentive Compensation Plan and are scheduled to vest in three equal annual installments, beginning one year from the grant date. The restricted stock units also carry dividend equivalent rights, meaning they accrue value in line with dividends on Matson’s common shares. After this grant, Cerocke beneficially owns 16,185 shares of Matson common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cerocke Grace M

Role Senior Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,124	$0.00	--

Holdings After Transaction: Common Stock — 16,185 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Cerocke Grace M

(Last) (First) (Middle)

1411 SAND ISLAND PARKWAY

(Street)

HONOLULU HI 96819

(City) (State) (Zip)

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)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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	01/21/2026		A(1)		1,124	A	$0.0000	16,185	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 vest in three equal annual installments beginning a year from the grant date. The restricted stock units also contain dividend equivalent rights.

	/s/ Grace M. Cerocke	01/21/2026
	** 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.

FAQ

What did Matson (MATX) disclose in this Form 4 filing?

The filing shows that Senior Vice President Grace M. Cerocke received 1,124 restricted stock units tied to Matson common stock on January 21, 2026 at a price of $0.0000 per share.

How many Matson (MATX) shares does Grace M. Cerocke now beneficially own?

Following the reported transaction, Grace M. Cerocke beneficially owns 16,185 shares of Matson common stock, held in direct ownership.

What type of equity award did Matson (MATX) grant to its Senior Vice President?

Matson granted restricted stock units under its 2025 Incentive Compensation Plan, which are tied to the company’s common stock and reported as an acquisition of 1,124 shares at $0.0000 per share.

How do the restricted stock units granted to the Matson (MATX) executive vest?

The restricted stock units granted to Grace M. Cerocke vest in three equal annual installments, beginning one year from the grant date of January 21, 2026.

Do the restricted stock units for Matson (MATX) include dividend rights?

Yes. The filing states that the restricted stock units granted to Grace M. Cerocke include dividend equivalent rights, tracking dividends paid on Matson’s common stock.

Did the Matson (MATX) executive pay cash for the 1,124 acquired shares?

No cash was paid. The transaction reports 1,124 shares acquired at a price of $0.0000 per share, reflecting an equity award rather than an open-market purchase.