Joel M. Wine, EVP & CFO of Matson, Inc. (MATX), has demonstrated a consistent pattern of selling company stock over the past three years, with no recorded purchases in SEC filings. His transactions, totaling $4.29 million in gross proceeds, have clustered in late January each year—a timing that suggests potential prearranged trading plans. The largest single sale occurred on January 25, 2026, when Wine disposed of shares worth $1.45 million, followed by additional dispositions of $192,635 and $104,265 later that week. Similar multi-day selling sprees appear in prior years, including January 2025 transactions totaling $938,564 and January 2024 sales reaching $1.02 million.
The transactions primarily involve code "F" filings, indicating sales of shares acquired through equity awards, while code "A" filings show awards with zero-value acquisitions. Notably, Wine’s most recent filing on March 3, 2026, was a code "G" transaction with no reported value, suggesting a non-trade corporate action. The absence of any buy transactions and the repeated annual selling pattern—particularly the concentration of high-value dispositions in January—paint a clear picture of systematic divestment rather than market-timed speculation. All activity remains confined to MATX, reflecting Wine’s exclusive trading focus on his employer’s securities.
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