0001558370-24-002901 | DEF 14A | XBRL Viewer

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020


					Value of Initial Fixed $100
	Summary		Compensation	Average		Peer Group
	Compensation	Compensation	Table Total for	Compensation	Total	Total
Fiscal	Table Total For	Actually Paid	Non-PEO NEOs	Actually Paid Non-	Shareholder	Shareholder	Net Income	EBITDA
Year	PEO ($)⁽¹⁾	to PEO ($)⁽²⁾	($)⁽³⁾	PEO NEOs ($)⁽⁴⁾	Return (TSR)	Return⁽⁵⁾	($ in millions)	($ in millions)
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)
2020	5,477,333	15,959,815	1,966,849	4,478,273	143	112	193.1	423.7
2021	5,957,058	18,441,621	2,131,642	5,339,084	229	151	927.4	1,350.3
2022	6,027,870	838,314	2,076,267	719,551	162	108	1,063.9	1,526.2
2023	6,165,815	18,796,575	2,080,781	5,304,691	288	136	297.1	516.7

(1)	The dollar amounts reported are the amounts of total compensation reported in the Summary Compensation Table (“SCT”) for our CEO (“Principal Executive Officer” or “PEO”).

(2)

The dollar amounts reported represent the amount of CAP for the PEO, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to an executive during the applicable year. CAP includes year-over-year changes in the value of unvested equity awards, and therefore may not reflect the value ultimately realized upon vesting of the awards. In accordance with SEC rules, the following adjustments were made to total compensation to determine the CAP:


		Less SCT	Less SCT	Plus CAP	Plus CAP
	SCT	Stock	Pension	Equity	Pension	Compensation
	Total	Awards	Value	Adjustment	Adjustment	Actually Paid
Year	($)	($)^(a)	($)^(b)	($)^(c)	($)^(d)	($)
2020	5,477,333	2,662,521	362,244	13,411,142	96,105	15,959,815
2021	5,957,058	3,184,092	112,142	15,679,416	101,381	18,441,621
2022	6,027,870	3,341,181	—	(1,978,185)	129,810	838,314
2023	6,165,815	3,237,822	196,171	15,988,677	76,076	18,796,575

(a)

The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(b)

Represents change in actuarial present value of defined benefit retirement plans for the covered fiscal year.

(c)

The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; and (iii) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value. For 2023, the fair value of outstanding and unvested awards increased significantly due to share price appreciation and the Company’s strong ROIC and relative TSR performance. The amounts deducted or added in calculating the equity award adjustments are as follows:


	Year-End		Year Over Year Change
	Fair Value of	Year Over Year Change in	in Fair Value of Equity
	Equity Awards	Fair Value of Outstanding	Awards Granted in	Total Equity
	Granted	and Unvested Equity	Prior Years that Vested	Award
	During the Year	Awards	in the Year	Adjustments
Year	($)	($)	($)	($)
2020	6,279,437	7,257,784	(126,079)	13,411,142
2021	6,804,516	7,725,233	1,149,667	15,679,416
2022	1,981,115	(4,447,058)	487,758	(1,978,185)
2023	8,918,914	7,009,449	60,314	15,988,677

(d)

Represents defined benefit retirement plan service cost attributed to services rendered during the covered fiscal year.

(3)

The dollar amounts reported represent the average of the amounts reported for the Company’s NEOs as a group (excluding our CEO) in the “Total” column of the SCT in each applicable year. The names of each of the NEOs (excluding our CEO) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022 and 2023, Joel M. Wine, Peter T. Heilmann, John P. Lauer, and Rusty K. Rolfe; and (ii) for 2021 and 2020, Joel M. Wine, Ronald J. Forest, Peter T. Heilmann, and John P. Lauer.

(4)

The dollar amounts reported represent the average amount of CAP for the NEOs as a group (excluding our CEO), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our CEO) during the applicable year. CAP includes year-over-year changes in the value of unvested equity awards, and therefore may not reflect the value ultimately realized upon vesting of the awards. In accordance with SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our CEO) for each year to determine the CAP:


		Less SCT	Less SCT	Plus CAP	Plus CAP
	SCT	Stock	Pension	Equity	Pension	Compensation
	Total	Awards	Value	Adjustment	Adjustment	Actually Paid
Year	($)	($)^(a)	($)^(b)	($)^(c)	($)^(d)	($)
2020	1,966,849	753,591	83,785	3,311,416	37,384	4,478,273
2021	2,131,642	878,384	28,243	4,075,589	38,480	5,339,084
2022	2,076,267	891,106	—	(512,818)	47,208	719,551
2023	2,080,781	809,446	86,829	4,087,803	32,383	5,304,691

(a)

The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(b)

Represents change in actuarial present value of defined benefit retirement plans for the covered fiscal year.

(c)


	Year-End		Year Over Year Change
	Fair Value of	Year Over Year Change in	in Fair Value of Equity
	Equity Awards	Fair Value of Outstanding	Awards Granted in	Total Equity
	Granted	and Unvested Equity	Prior Years that Vested	Award
	During the Year	Awards	in the Year	Adjustments
Year	($)	($)	($)	($)
2020	1,777,310	1,596,777	(62,671)	3,311,416
2021	1,877,186	1,937,980	260,423	4,075,589
2022	528,368	(1,140,610)	99,424	(512,818)
2023	2,229,738	1,842,615	15,450	4,087,803

(d)

Represents defined benefit retirement plan service cost attributed to services rendered during the covered fiscal year.

(5)	S&P Transportation Select Industry Index

Company Selected Measure Name

EBITDA

Named Executive Officers, Footnote

(3)

Peer Group Issuers, Footnote

(5)	S&P Transportation Select Industry Index

PEO Total Compensation Amount

$ 6,165,815

$ 6,027,870

$ 5,957,058

$ 5,477,333

PEO Actually Paid Compensation Amount

$ 18,796,575

838,314

18,441,621

15,959,815

Adjustment To PEO Compensation, Footnote

(2)


		Less SCT	Less SCT	Plus CAP	Plus CAP
	SCT	Stock	Pension	Equity	Pension	Compensation
	Total	Awards	Value	Adjustment	Adjustment	Actually Paid
Year	($)	($)^(a)	($)^(b)	($)^(c)	($)^(d)	($)
2020	5,477,333	2,662,521	362,244	13,411,142	96,105	15,959,815
2021	5,957,058	3,184,092	112,142	15,679,416	101,381	18,441,621
2022	6,027,870	3,341,181	—	(1,978,185)	129,810	838,314
2023	6,165,815	3,237,822	196,171	15,988,677	76,076	18,796,575

(a)

The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(b)

Represents change in actuarial present value of defined benefit retirement plans for the covered fiscal year.

(c)


	Year-End		Year Over Year Change
	Fair Value of	Year Over Year Change in	in Fair Value of Equity
	Equity Awards	Fair Value of Outstanding	Awards Granted in	Total Equity
	Granted	and Unvested Equity	Prior Years that Vested	Award
	During the Year	Awards	in the Year	Adjustments
Year	($)	($)	($)	($)
2020	6,279,437	7,257,784	(126,079)	13,411,142
2021	6,804,516	7,725,233	1,149,667	15,679,416
2022	1,981,115	(4,447,058)	487,758	(1,978,185)
2023	8,918,914	7,009,449	60,314	15,988,677

(d)

Represents defined benefit retirement plan service cost attributed to services rendered during the covered fiscal year.

Non-PEO NEO Average Total Compensation Amount

$ 2,080,781

2,076,267

2,131,642

1,966,849

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,304,691

719,551

5,339,084

4,478,273

Adjustment to Non-PEO NEO Compensation Footnote

(4)


		Less SCT	Less SCT	Plus CAP	Plus CAP
	SCT	Stock	Pension	Equity	Pension	Compensation
	Total	Awards	Value	Adjustment	Adjustment	Actually Paid
Year	($)	($)^(a)	($)^(b)	($)^(c)	($)^(d)	($)
2020	1,966,849	753,591	83,785	3,311,416	37,384	4,478,273
2021	2,131,642	878,384	28,243	4,075,589	38,480	5,339,084
2022	2,076,267	891,106	—	(512,818)	47,208	719,551
2023	2,080,781	809,446	86,829	4,087,803	32,383	5,304,691

(a)

The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(b)

Represents change in actuarial present value of defined benefit retirement plans for the covered fiscal year.

(c)


	Year-End		Year Over Year Change
	Fair Value of	Year Over Year Change in	in Fair Value of Equity
	Equity Awards	Fair Value of Outstanding	Awards Granted in	Total Equity
	Granted	and Unvested Equity	Prior Years that Vested	Award
	During the Year	Awards	in the Year	Adjustments
Year	($)	($)	($)	($)
2020	1,777,310	1,596,777	(62,671)	3,311,416
2021	1,877,186	1,937,980	260,423	4,075,589
2022	528,368	(1,140,610)	99,424	(512,818)
2023	2,229,738	1,842,615	15,450	4,087,803

(d)

Represents defined benefit retirement plan service cost attributed to services rendered during the covered fiscal year.

Compensation Actually Paid vs. Total Shareholder Return

CAP and TSR

* Cumulative value of $100 invested in Matson common stock on December 31, 2019, including reinvestments of dividends

Compensation Actually Paid vs. Net Income

CAP and Net Income

Compensation Actually Paid vs. Company Selected Measure

CAP and EBITDA

Total Shareholder Return Vs Peer Group

Cumulative Four-Year Total Shareholder Return
Matson, Inc. and S&P Transportation Select Industry Index

Tabular List, Table

●

EBITDA

●

Individual Performance Goals

●

Relative TSR

●

ROIC

Total Shareholder Return Amount

$ 288

162

229

143

Peer Group Total Shareholder Return Amount

136

108

151

112

Net Income (Loss)

$ 297,100,000

$ 1,063,900,000

$ 927,400,000

$ 193,100,000

Company Selected Measure Amount

516,700,000

1,526,200,000

1,350,300,000

423,700,000

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Cover Document and Entity Information Notes to Financial Statements Pay vs Performance Disclosure N-2 All Reports

N-2	12 Months Ended
N-2	Dec. 31, 2023
Cover [Abstract]
Entity Central Index Key	0000003453
Amendment Flag	false
Document Type	DEF 14A
Entity Registrant Name	Matson, Inc.

Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2023
Cover [Abstract]
Document Type	DEF 14A
Entity Registrant Name	Matson, Inc.
Entity Central Index Key	0000003453
Amendment Flag	false