The insider selling cluster is too small in dollar terms (0.07% of market cap) to be a meaningful signal. The lack of CEO/CFO participation and the timing just after earnings (when blackout windows typically open) suggests routine portfolio rebalancing. Monitor for any larger sales from C-suite executives in the next 30 days, but this cluster alone does not warrant a bearish read.
Price Chart
Executive Summary
Seven Matson insiders, including the EVP & Chief Admin. Officer and multiple Senior VPs, sold a total of ~$3.63M in open-market sales over a 7-day window ending May 14. This cluster follows the company's Q1 2026 earnings release (May 4) which showed YoY declines in revenue, net income, and operating income, though management raised full-year guidance. The sales represent ~0.07% of market cap, which is below the 0.1% materiality threshold, and the cluster is dominated by non-C-suite executives, making this a routine liquidity-driven event rather than an informed bearish signal.
Key Financial Metrics
Key Facts
- 7 insiders sold a total of ~$3.63M in open-market sales over 7 days (May 7-14, 2026)
- Sales represent ~0.07% of Matson's $5.5B market cap — below the 0.1% materiality threshold
- Largest seller: EVP & Chief Admin. Officer Peter Heilmann ($1.29M); no CEO or CFO sales
- Cluster follows Q1 2026 earnings (May 4) showing YoY revenue -3.1%, net income -21.7%, EPS -15.1%
- Management raised full-year 2026 consolidated operating income guidance to modestly exceed 2025 levels
- No 10b5-1 plan disclosures in the cluster data; sales are open-market (code S)
Financial Impact
Total insider sales of ~$3.63M, or 0.07% of market cap — trivial relative to company size
Risk Factors
- Q1 2026 fundamentals declined YoY (revenue -3.1%, net income -21.7%, EPS -15.1%) — underlying business softening
- Iran conflict impact on fuel costs creates near-term margin headwind in Q2 2026
- Hawaii and Alaska volumes both down YoY; China service volume down 9.5% in Q1
- SSAT joint venture contribution expected lower for full year 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MATX-1778874976082 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $227.48 $228.64 | ▲ +0.51% | ▲ +1.03% | $228.85 (+0.60%) |
Oct 20, 2026 6d ago | Press Release | $235.07 $227.48 | ▲ +3.23% | ▲ +2.05% | $228.85 (+2.65%) |
Aug 28, 2026 8w ago | Insider Cluster | $224.81 $219.26 | ▼ −2.47% | ▼ −1.78% | $228.85 (+1.80%) |
Aug 28, 2026 8w ago | Insider Cluster | $224.81 $219.26 | ▼ −2.47% | ▼ −1.78% | $228.85 (+1.80%) |
Aug 24, 2026 9w ago | Insider Cluster | $222.82 $221.65 | ▼ −0.53% | ▼ −0.55% | $228.85 (+2.71%) |
Aug 20, 2026 9w ago | Insider Cluster | $222.80 $222.68 | ▼ −0.05% | ▲ +0.24% | $228.85 (+2.72%) |
Aug 14, 2026 10w ago | Insider Cluster | $219.95 $218.28 | ▼ −0.76% | ▼ −0.08% | $228.85 (+4.05%) |
Aug 12, 2026 10w ago | Insider Cluster | $213.76 $217.30 | ▲ +1.66% | ▲ +1.85% | $228.85 (+7.06%) |
Jun 9, 2026 19w ago | Insider Cluster | $193.43 $198.98 | ▲ +2.87% | ▲ +1.17% | $228.85 (+18.31%) |
May 21, 2026 22w ago | Insider Cluster | $182.75 $181.84 | ▼ −0.50% | ▼ −0.94% | $228.85 (+25.23%) |
US Market Status
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