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Matson Executive Compensation (FY25)

MATX · Executive and director compensation, fiscal 2023 to 2025

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Data as of September 9, 2026Latest filing (8-K): April 27, 2026
11 filings cited on this page
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Matson brief$1,500Get the executive brief
240 figures on this page: 230 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
Matthew Cox
Latest say-on-pay support
=
April 23, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Matthew Cox: $6,146,934$6,490,287 (5.6% higher)
Say-on-pay support: 97.8%98.8% (1.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Matson's chief executive and what were they paid?
Matthew Cox, Chairman and Chief Executive Officer, received $6,490,287 in total compensation for fiscal 2025. Cox's total was 5.6% higher than the $6,146,934 reported for fiscal 2024.
What was Matson's say-on-pay result?
The say-on-pay proposal drew 98.8% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025.
Which companies are in Matson's peer group?
Companies named in the disclosed peer group include Air Transport Services Group, Inc., ArcBest Corporation, Forward Air Corporation, Hub Group, Inc. and Kirby Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthew Cox
Chairman and Chief Executive Officer
Joel Wine
Executive Vice President and Chief Financial Officer
Peter Heilmann
Executive Vice President, Chief Administrative Officer and General Counsel
— not reconciled
John Lauer
Executive Vice President and Chief Commercial Officer
— not reconciled
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthew Cox
Chairman and Chief Executive Officer
Joel Wine
Executive Vice President and Chief Financial Officer
Peter Heilmann
Executive Vice President, Chief Administrative Officer and General Counsel
— not reconciled
John Lauer
Executive Vice President and Chief Commercial Officer
— not reconciled
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthew Cox
Chairman and Chief Executive Officer
Joel Wine
Executive Vice President and Chief Financial Officer
Peter Heilmann
Executive Vice President, Chief Administrative Officer and General Counsel
John Lauer
Executive Vice President and Chief Commercial Officer
Vicente Angoco Jr.
Executive Vice President
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Joel M. WinePSU
Joel M. WinePSU
Joel M. WineRSU
John P. LauerPSU
John P. LauerRSU
John P. LauerPSU
Matthew J. CoxPSU
Matthew J. CoxRSU
Matthew J. CoxPSU
Peter T. HeilmannPSU
Peter T. HeilmannRSU
Peter T. HeilmannPSU
Vicente S. Angoco Jr.RSU
Vicente S. Angoco Jr.PSU
Vicente S. Angoco Jr.PSU
Vicente S. Angoco Jr.PSU
Vicente S. Angoco Jr.PSU
Vicente S. Angoco Jr.RSU
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
John LauerRSU
PSU
Peter HeilmannRSU
PSU
Joel WineRSU
PSU
Matthew CoxRSU
PSU
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Constance H. Lau
Stanley M. Kuriyama
Lead independent director
Mark H. Fukunaga
Jenai S. Wall
Bradley D. Tilden
Meredith J. Ching
Matthew J. Cox served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer
Board equity retainer
Total board retainer
Lead independent director premium
Audit committee chair
Audit committee member
Compensation committee chair
Compensation committee member
Nominating and governance chair
Nominating and governance member
Board meeting fee
Committee meeting fee
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Air Transport Services Group, Inc. ATSG
  • ArcBest Corporation ARCB
  • Forward Air Corporation FWRD
  • Hub Group, Inc. HUBG
  • Kirby Corporation KEX
  • Knight-Swift Transportation Holdings Inc. KNX
  • Landstar System, Inc. LSTR
  • Old Dominion Freight Line, Inc. ODFL
  • RXO, Inc. RXO
  • Ryder System, Inc. R
  • Saia, Inc. SAIA
  • Schneider National, Inc. SNDR
  • Werner Enterprises, Inc. WERN
  • XPO, Inc. XPO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 23, 2026=
2024April 24, 2025=
2023April 25, 2024=
2022April 27, 2023=
2021April 28, 2022=
2020April 22, 2021=
2019April 23, 2020=
2018April 25, 2019=
2017April 26, 2018=
2016April 27, 2017=
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What this page does not include

Everything above is a fact Matson disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Matson sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
240 figures on this page: 230 cited to the filing that reported them, 10 calculated from figures it prints.
230 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104659-26-049459
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-025266
    Compensation of Directors · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table
  3. 0001558370-25-005686
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-24-006122
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001558370-23-007513
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-22-006650
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001558370-21-004721
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001558370-20-004496
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-19-024082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-18-029366
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-17-028389
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Matson executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MATX (accessed 2026).
Short form: data: Velarion

The Matson brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Matson discloses

The companies named in MATX's own disclosed peer group.

ArcBest CorporationForward Air CorporationHub Group, Inc.Kirby CorporationKnight-Swift Transportation Holdings Inc.Landstar System, Inc.Old Dominion Freight Line, Inc.RXO, Inc.Ryder System, Inc.Saia, Inc.Schneider National, Inc.Werner Enterprises, Inc.XPO, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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