Matson (MATX) EVP receives 2,569-share RSU grant under 2025 plan

Rhea-AI Filing Summary

Matson, Inc. reported an equity award to a senior executive. EVP, Chief Administrative Officer and General Counsel Peter T. Heilmann received 2,569 shares of Matson common stock on January 21, 2026, recorded at a price of $0.0000 per share, reflecting a stock-based compensation grant rather than an open-market purchase. Following this award, he beneficially owns 40,840 shares of Matson common stock in direct ownership.

The grant represents restricted stock units issued under Matson’s 2025 Incentive Compensation Plan. These units vest in three equal annual installments beginning one year from the grant date, meaning the award is earned over time as service continues. The restricted stock units also carry dividend equivalent rights, so the holder is credited for dividends declared on the underlying shares during the vesting period.

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^*

Heilmann Peter T

(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)
	EVP, Chief Admin. Officer & GC

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)		2,569	A	$0.0000	40,840	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/ Peter T. Heilmann	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).
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FAQ

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

Matson reported that EVP, Chief Administrative Officer and General Counsel Peter T. Heilmann received 2,569 shares of Matson common stock on January 21, 2026 in a stock-based compensation award, at a recorded price of $0.0000 per share.

How many Matson (MATX) shares does Peter T. Heilmann own after this Form 4 transaction?

After the reported equity award, Peter T. Heilmann beneficially owns 40,840 Matson common shares, held in direct ownership according to the filing.

What type of equity award did the Matson (MATX) executive receive on January 21, 2026?

The filing describes the award as restricted stock units issued under Matson’s 2025 Incentive Compensation Plan, linked to Matson common stock.

How do the Matson (MATX) restricted stock units granted to Peter T. Heilmann vest?

The restricted stock units vest in three equal annual installments, beginning one year from the grant date, so the award is earned over a three-year period.

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

Yes. The restricted stock units granted to Peter T. Heilmann include dividend equivalent rights, crediting him for dividends declared on the underlying shares while the units are outstanding.

Was this Matson (MATX) Form 4 transaction a market purchase or a compensation grant?

The Form 4 shows transaction code A at a price of $0.0000 per share, and a footnote explains it is a restricted stock unit grant under the 2025 Incentive Compensation Plan, indicating stock-based compensation rather than an open-market trade.