Ed Coll was the CEO and Chairman of Pangaea Logistics Solutions Ltd., a company he helped build from its early days. He played a key role in growing Pangaea into a global leader in dry bulk shipping, managing a fleet...

Ed Coll was the CEO and Chairman of Pangaea Logistics Solutions Ltd., a company he helped build from its early days. He played a key role in growing Pangaea into a global leader in dry bulk shipping, managing a fleet of over 60 ships daily. Before starting Pangaea, he spent a decade working at Continental Grain Company, gaining insights into the shipping and commodities industries. Ed held a degree in nautical science and a master's in international business. His approach to leadership was practical, focusing on safety and performance, which earned him significant bonuses based on the company's success metrics. Unfortunately, he passed away in December 2021 after a sudden illness, leaving behind a strong legacy and a company well respected in its field. His journey reflected a commitment to operational excellence and strategic growth in a challenging industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Pangaea Logistics Solutions CEOs

P

Ed Coll

Founder and Ex-CEO of Pangaea Logistics Solutions

Education

Not specified

Field of Expertise

Transportation & Logistics - Logistics

Sector of Economy

Industrials

Born

January 1, 1960 - 65 years ago

CEO of Pangaea Logistics Solutions for

7 years 2 months (Oct 2014 - Dec 2021)

Previous Experience

Founder of Pangaea Logistics Solutions Ltd.

Rivals

Competitors/colleagues of Ed Coll

Holdings

See how much did Ed Coll make over time.

At one point, Ed Coll held around 18.91% of Pangaea's stock, a stake valued at over $8 million. His holdings peaked around mid-2023, reflecting a rise in company performance and stock value, hitting $71 million by January 2024. This significant...

At one point, Ed Coll held around 18.91% of Pangaea's stock, a stake valued at over $8 million. His holdings peaked around mid-2023, reflecting a rise in company performance and stock value, hitting $71 million by January 2024. This significant stake shows his deep commitment to the company he helped lead. Throughout his career, he maintained a solid position with significant fluctuations over time, reflecting his alignment with the company's growth and success.

Charitable Transactions

PANL

7,042,860 shares

PANL

Recent Charitable Transactions

PANL

1,922,859 shares

PANL

Dec 31, 2021

Charity

PANL

5,000,001 shares

PANL

Feb 15, 2018

Charity

PANL

120,000 shares

PANL

Dec 31, 2014

Charity

Insider Trading

See recent insider trades of Ed Coll.

PANL

1,922,859 shares

PANL

Dec 31, 2021

Charity

PANL

1,922,859 shares

PANL

Dec 31, 2021

Charity

PANL

5,000,001 shares

PANL

Feb 15, 2018

Charity

PANL

5,000,001 shares

PANL

Feb 15, 2018

Charity

PANL

$1.90M

PANL at $2.25/share

Jun 15, 2017

Received

PANL

$39.16K

PANL at $3.29/share

Aug 28, 2015

Purchase

PANL

120,000 shares

PANL

Dec 31, 2014

Charity

PANL

120,000 shares

PANL

Dec 31, 2014

Charity

PANL

$71.55K

PANL at $5.38/share

Nov 17, 2014

Purchase

Compensation History

See how much did Ed Coll make over time.

In 2021, Ed Coll's total compensation was reported at $1.21 million, a steep increase from $420,000 in 2020. His salary was $250,000, but most of his earnings came from a $940,000 bonus tied to the company's performance. Over the years, his compensation varied significantly, reflecting the ups and downs of the shipping industry. This performance-based pay was a way to align his interests with those of shareholders, emphasizing accountability and results. Even as CEO, he received no vested stock or options during his last year, indicating a focus on cash performance.

Year

2021

Total Compensation

$1.23M

Salary

$250.00K

Board Justification

The compensation philosophy aims to attract and retain qualified individuals, aligning their interests with those of shareholders through performance-based incentives.

Bonus

$940.00K

Board Justification

The bonus was based on the company's performance metrics including safety and environmental performance, revenue, cash flow generation, cost control, governance, and individual performance.

Other

$37.42K

Board Justification

This amount represents the Company’s matching contributions under the Company’s 401(k) plan and health insurance premiums paid by the Company.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2021 as per the provided information.

Performance Metrics

Performance metrics included safety and environmental performance, revenue, cash flow generation, cost control, governance, and individual performance.