Matson (MATX) Form 4: Officer Receives 588 Restricted Stock Units

Rhea-AI Filing Summary

Jennifer C. Tungul, identified as a Senior Vice President of Matson, Inc. (MATX), reported a non-derivative acquisition on 08/28/2025. She was issued 588 restricted stock units at a reported price of $0.0000, increasing her beneficial ownership to 5,915 shares following the grant. The award is described as restricted stock units under the issuer's 2025 Incentive Compensation Plan that vest in three equal annual installments starting one year from the grant date and include dividend equivalent rights. The Form 4 is signed by the reporting person on 08/28/2025.

Positive

• 588 restricted stock units were granted to the reporting officer
• RSUs include dividend equivalent rights, providing parity with shareholder distributions
• Vesting in three equal annual installments promotes multi-year retention

Negative

• None.

Insights

Financial Analyst

TL;DR: This filing records a routine executive equity grant of 588 RSUs, increasing direct holdings to 5,915 shares.

The reported transaction is a standard compensation grant rather than an open-market purchase or sale. The 588 restricted stock units carry dividend equivalent rights and vest over three years beginning one year after grant, which aligns management incentives with shareholder outcomes over time. The grant amount is modest relative to total ownership disclosed and appears non-dilutive in isolation. No cash consideration was reported and the transaction was filed promptly on the grant date.

Corporate Governance Expert

TL;DR: Governance-wise this is a routine, time‑vesting RSU award with standard dividend equivalents and staged vesting.

The award disclosed follows a typical incentive plan structure with three equal annual vesting installments and dividend equivalent rights, suggesting retention and alignment objectives. The Form 4 identifies the reporting person as an officer (Senior Vice President) and shows direct beneficial ownership post-grant. There are no indications of new 10b5-1 plan usage or related-party transactions in the filing text. As presented, the grant appears consistent with normal executive compensation practices.

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
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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^*

Tungul Jennifer C.

(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)
08/28/2025

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	08/28/2025		A(1)		588	A	$0.0000	5,915	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/ Jennifer C. Tungul	08/28/2025
	** 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.

FAQ

What did Jennifer C. Tungul report on Form 4 for MATX?

She reported issuance of 588 restricted stock units on 08/28/2025, increasing her beneficial ownership to 5,915 shares.

How do the restricted stock units granted to MATX officer vest?

The RSUs vest in three equal annual installments beginning one year from the grant date.

Do the RSUs reported on MATX Form 4 include dividend rights?

Yes. The restricted stock units contain dividend equivalent rights as stated in the filing.

Was any cash paid for the RSUs reported on the MATX Form 4?

No cash consideration is reported; the Form shows a price of $0.0000 for the RSUs.

What is the reporting person's role at MATX according to the Form 4?

The Form identifies the reporting person as an Officer with the title Senior Vice President.