Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Cover [Abstract] | |
Document Type | DEFA14A |
Entity Registrant Name | PANGAEA LOGISTICS SOLUTIONS LTD. |
Entity Central Index Key | 0001606909 |
Amendment Flag | false |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Pay vs Performance Disclosure | ||
PEO Total Compensation Amount | $ 2,077,071 | $ 1,187,719 |
PEO Actually Paid Compensation Amount | 2,317,495 | 1,355,579 |
Non-PEO NEO Average Total Compensation Amount | 1,050,638 | 783,781 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,239,705 | 959,463 |
Compensation Actually Paid vs. Total Shareholder Return | Relationship between CAP and TSR The following graph displays the PEO and average non-PEO NEO CAP amounts are aligned with the Company’s TSR (assuming an initial investment of $100 made on December 31, 2020) for the fiscal years ended December 31, 2021 and 2022. The CAP dollar amounts in the graph are shown in thousands of dollars. | |
Compensation Actually Paid vs. Net Income | Relationship between CAP and Net Income The graph below reflects the relationship between PEO and average Non-PEO NEO CAP amounts and the Company’s net income for the fiscal years ending December 31, 2021 and 2022. The Net Income dollar amounts in the graph are shown in thousands of dollars. | |
Total Shareholder Return Amount | $ 200 | 145 |
Net Income (Loss) | 79,491 | 67,227 |
PEO | ||
Pay vs Performance Disclosure | ||
Adjustment to Compensation, Amount | 240,424 | 167,860 |
Non-PEO NEO | ||
Pay vs Performance Disclosure | ||
Adjustment to Compensation, Amount | $ 189,067 | $ 175,682 |