Honolulu-based Matson (NYSE: MATX) released its executive salaries for 2016 in a proxy statement filed with the U.S. Securities and Exchange Commission last week, with two top executives seeing a dip in earnings.

Despite a $60,219 bump in salary, Matt Cox, the company’s president and chief executive officer, received a total compensation of $4.1 million for 2016, $312,085 less than his total compensation in 2015.

Joel Wine, Matson’s senior vice president and chief financial officer, also saw…