Form 4: C.H. Robinson Director Gokey Acquires Phantom Stock Units

Director Timothy C. Gokey reports acquisition of phantom stock units in C.H. Robinson Worldwide, Inc. through grant and deferred compensation.

Summary

• On December 31, 2024, Timothy C. Gokey, a director of C.H. Robinson Worldwide, Inc., acquired 737 phantom stock units.
• 423 units were granted at no cost as a quarterly installment of the annual equity-based award for non-employee directors.
• 314 units were granted at a price of $103.32 per unit due to Gokey's election to defer his quarterly cash retainer payment.
• The phantom stock units are immediately vested and will be paid in shares of common stock following the director's termination of service, according to a pre-selected schedule.
• Following the transaction, Gokey beneficially owns 22,168 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of phantom stock units, especially through deferred compensation, suggests confidence in the company's future. However, it's a routine transaction.

Positives

• The acquisition of phantom stock units through deferred compensation demonstrates the director's confidence in the company's future performance.
• Immediate vesting of the restricted stock units provides an incentive for continued service.

Future Outlook

The phantom stock units will be paid out in shares of common stock following the director's termination of service, according to a pre-selected schedule.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.
• The equity-based compensation aligns the director's interests with those of the shareholders.

Key Dates