Matson (MATX) SVP Sullivan gains 5,960 shares, 3,669 withheld for taxes

Rhea-AI Filing Summary

Matson, Inc. executive equity update: Senior Vice President John Warren Sullivan reported several stock transactions tied to equity compensation on 01/24/2026 and 01/25/2026.

On 01/25/2026, he acquired 5,960 shares of Matson common stock at $0.0000 per share, issued upon satisfaction of performance criteria for previously granted Performance Shares. On 01/24/2026 and 01/25/2026, a total of 3,669 shares were withheld by Matson at $158.94 per share to cover tax obligations related to vesting of restricted stock units and Performance Shares, rather than sold into the market.

After these transactions, Sullivan directly beneficially owned 16,133 shares of Matson common stock.

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

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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^*

Sullivan John Warren

(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)
01/24/2026

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	01/24/2026		F(1)		182	D	$158.94	13,660	D
Common Stock	01/25/2026		A(2)		5,960	A	$0.0000	19,620	D
Common Stock	01/25/2026		F(1)		403	D	$158.94	19,217	D
Common Stock	01/25/2026		F(3)		3,084	D	$158.94	16,133	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.

2. Issuance of shares of common stock pursuant to the satisfaction of performance criteria of Performance Shares that were granted in accordance with Rule 16b-3(d).

3. Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of Performance Shares.

	/s/ John W. Sullivan	01/27/2026
	** 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).
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FAQ

What insider transaction did Matson (MATX) report for John Warren Sullivan?

Matson reported that Senior Vice President John Warren Sullivan acquired 5,960 shares of common stock on 01/25/2026 at $0.0000 per share, issued upon satisfaction of performance criteria for previously granted Performance Shares.

Why were some Matson (MATX) shares withhold in this Form 4 filing?

The filing states that 182 shares and 3,084 shares were common stock withheld by Matson to cover tax withholding obligations from vesting of restricted stock units and Performance Shares, and 403 shares were also withheld for tax related to Performance Shares, all at $158.94 per share.

Did John Warren Sullivan sell Matson (MATX) shares in the open market?

The transactions coded "F" represent shares withheld by Matson to satisfy tax obligations on equity vesting, not open market sales by John Warren Sullivan.

How many Matson (MATX) shares does John Warren Sullivan own after these transactions?

Following the reported transactions, John Warren Sullivan directly beneficially owned 16,133 shares of Matson common stock.

What do the transaction codes A and F mean in this Matson (MATX) Form 4?

In this filing, code A refers to the acquisition of 5,960 shares issued at $0.0000 per share upon meeting performance criteria, while code F refers to shares withheld by Matson to cover tax withholding obligations related to vesting equity awards.

What is the role of the insider involved in this Matson (MATX) Form 4?

The reporting person, Sullivan John Warren, is an officer of Matson, Inc. with the title Senior Vice President, according to the filing.