Matson (NYSE: MATX) EVP awarded 246 RSUs under 2025 incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scott Christopher A reported acquisition or exercise transactions in this Form 4 filing.
Matson, Inc. executive Scott Christopher A, EVP & Chief Commercial Officer, received a grant of 246 shares of common stock in the form of restricted stock units under the company’s 2025 Incentive Compensation Plan. These RSUs vest in three equal annual installments starting one year from the grant date and carry dividend equivalent rights. Following this award, he holds 9,954.489 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scott Christopher A
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 246 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,954.489 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 246 shares
Grant price: $0.0000 per share
Post-grant holdings: 9,954.489 shares
3 metrics
RSU grant size
246 shares
Restricted stock units granted to EVP & Chief Commercial Officer
Grant price
$0.0000 per share
Compensation award, not an open-market purchase
Post-grant holdings
9,954.489 shares
Common stock held directly after the reported transaction
Key Terms
Restricted stock units, 2025 Incentive Compensation Plan, dividend equivalent rights
3 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"
dividend equivalent rights financial
"The restricted stock units also contain dividend equivalent rights."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
FAQ
What did Matson (MATX) executive Scott Christopher receive in this Form 4 filing?
Scott Christopher received 246 restricted stock units of Matson common stock as a compensation grant. The award was issued under the company’s 2025 Incentive Compensation Plan and increases his directly held common stock position reported in this filing.
How do the Matson (MATX) restricted stock units for Scott Christopher vest?
The restricted stock units vest in three equal annual installments beginning one year from the grant date. This means one-third of the award becomes unrestricted each year over three years, subject to the plan’s standard continued-service and other applicable conditions.
What are the dividend equivalent rights on Matson (MATX) restricted stock units?
The restricted stock units granted to Scott Christopher include dividend equivalent rights. These rights generally provide additional units or cash amounts linked to dividends declared on Matson’s common stock while the RSUs remain unvested, aligning the award with shareholder distributions during the vesting period.
Was the Matson (MATX) RSU grant to Scott Christopher an open-market purchase?
No. The transaction is coded as a grant or award acquisition with a price of $0.0000 per share. It represents equity compensation under Matson’s 2025 Incentive Compensation Plan, not an open-market stock purchase or sale by the executive.