Vic S. Jr. Angoco, Executive Vice President of Matson Inc. (NASDAQ: MATX), sold 2,293 shares of common stock on August 24, 2026, for a total value of $510,784. The transactions occurred at weighted average prices ranging from $221.98 to $224.09 per share, with individual trades executed between $221.50 and $224.36.
The disposal included three separate blocks: 582 shares at $224.09, 670 shares at $222.81, and 1,041 shares at $221.98. Following the sale, Angoco retains a direct holding of 12,507 shares in the company.
Matson's stock closed at $222.68 on the transaction date, near its 52-week high of $230.74. The shares have gained 111% over the past year and 81% year-to-date, supported by strong operational performance. The company also maintains a 54-year streak of uninterrupted dividend payments.
The executive's share sale follows Matson's Q2 2026 earnings report, which exceeded analyst expectations. Diluted earnings per share reached $4.27, surpassing the forecast of $3.72, while revenue totaled $969.4 million, exceeding projections of $884.65 million. Robust demand in the company's China service was cited as a key driver, prompting an upward revision to full-year financial guidance.
