Matson SVP uses 77 shares to cover tax bill
Rhea-AI Filing Summary
Matson, Inc. (MATX) reported that Senior Vice President Jennifer C. Tungul had 77 shares of common stock withheld on 2026-08-28 to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units. The shares were valued at $224.31 per share for this tax-withholding transaction, and she now holds 5,775 shares of Matson common stock directly.
Positive
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Insider Trade Summary
Net Seller: 77 shares
Net Sell
1 txn
Insider
Tungul Jennifer C.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 77 | $224.31 | $17K |
Holdings After Transaction:
Common Stock — 5,775 shares (Direct)
Footnotes (1)
- F1. Represents common stock withheld by the Issuer to cover tax withholding obligations arising from the vesting of a previous grant of restricted stock units.
Key Figures
Shares withheld for taxes: 77 shares
Per-share value for tax withholding: $224.31 per share
Shares owned after transaction: 5,775 shares
3 metrics
Shares withheld for taxes
77 shares
Common stock withheld on 2026-08-28 to cover tax withholding obligations
Per-share value for tax withholding
$224.31 per share
Valuation used for the 77 MATX shares withheld
Shares owned after transaction
5,775 shares
Direct Matson common stock holdings of Jennifer C. Tungul following the transaction
Key Terms
restricted stock units, tax withholding obligations, Common Stock
3 terms
restricted stock units financial
"arising from the vesting of a previous grant of restricted stock units"
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.
tax withholding obligations financial
"withheld by the Issuer to cover tax withholding obligations arising"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did MATX report for Jennifer C. Tungul?
Matson, Inc. reported that Senior Vice President Jennifer C. Tungul had 77 shares of common stock withheld on 2026-08-28 to satisfy tax withholding obligations from the vesting of a prior restricted stock unit grant.
Was the MATX insider transaction a market sale or purchase?
No. The Form 4 shows a code F transaction, described as payment of tax liability by delivering or withholding securities in connection with RSU vesting, not an open-market purchase or sale.
What does transaction code F mean in the MATX Form 4 filing?
Transaction code F indicates payment of tax liability by delivering or withholding securities. In this case, 77 Matson common shares were withheld to cover taxes from the vesting of a prior restricted stock unit grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.