Matson (MATX) director receives 969-share RSU award under 2025 plan

Rhea-AI Filing Summary

Wall Jenai S reported acquisition or exercise transactions in this Form 4 filing.

Matson, Inc. director Jenai S. Wall received a grant of 969 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share. Following this award, Wall directly holds 18,122 shares of Matson common stock.

The restricted stock units were issued under Matson's 2025 Incentive Compensation Plan and feature 100% cliff vesting. They vest in full on the earlier of the first anniversary of the grant date or the next annual shareholders meeting following the grant date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wall Jenai S

Role null

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

Holdings After Transaction: Common Stock — 18,122 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant: 969 shares Grant price: $0.00 per share Shares held after grant: 18,122 shares

3 metrics

RSU grant 969 shares Restricted stock units awarded to director on April 23, 2026

Grant price $0.00 per share Stated price for the RSU award

Shares held after grant 18,122 shares Director’s direct Matson common stock holdings post-transaction

Key Terms

Restricted stock units, 2025 Incentive Compensation Plan, cliff vesting, annual shareholders meeting

4 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

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

annual shareholders meeting financial

"or the next annual shareholders meeting of the Issuer following the date of the grant"

An annual shareholders meeting is a yearly gathering where owners of a company review its performance, hear presentations from management, ask questions, and vote on important items such as board members, executive pay, and dividend policies. Think of it as a company town hall where votes and discussions can change leadership, strategy or payouts—outcomes that can directly affect a stock’s future performance and an investor’s rights and returns.

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^*

Wall Jenai S

(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)

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	18,122	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 following the date of the grant of such restricted stock units

	/s/ Jenai S. Wall	04/23/2026
	** 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)

FAQ

What did Matson (MATX) director Jenai S. Wall report on this Form 4?

Jenai S. Wall reported receiving 969 shares of Matson common stock as a restricted stock unit grant. The transaction was a compensation-related award, not an open-market purchase or sale, and increased Wall’s directly held position to 18,122 Matson shares after the grant.

How many Matson (MATX) shares does Jenai S. Wall hold after this grant?

After receiving the 969-share restricted stock unit award, Jenai S. Wall directly holds 18,122 Matson common shares. This figure comes from the Form 4’s post-transaction ownership line and reflects Wall’s updated direct equity position following the reported compensation grant.

What are the vesting terms of the new Matson (MATX) restricted stock units?

The 969 restricted stock units vest 100% at a single cliff date. Vesting occurs on the earlier of the grant date’s one-year anniversary or Matson’s next annual shareholders meeting following the grant, according to the footnote describing the 2025 Incentive Compensation Plan award.

Was there any cash paid for the Matson (MATX) shares reported in this Form 4?

No cash changed hands in this transaction; the Form 4 lists a price of $0.00 per share. The 969 Matson shares were granted as a restricted stock unit award under the company’s 2025 Incentive Compensation Plan, reflecting non-cash equity compensation to the director.

Is this Matson (MATX) Form 4 an open-market buy or sell by the director?

This Form 4 does not show an open-market buy or sell. It records a grant of 969 restricted stock units coded as a compensation-related acquisition, meaning the director received stock-based compensation rather than trading Matson shares on the open market.