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.

Summary

• On September 30, 2024, Timothy C. Gokey, a director of C. H. Robinson Worldwide, Inc., acquired 690 phantom stock units.
• These units are immediately vested and will be paid in shares of common stock following the director's termination of service, according to a previously chosen schedule.
• 396 of the restricted stock units were granted at no cost as a quarterly installment of the annual equity-based award.
• 294 units were granted at a price of $110.37 per unit due to the director's election to defer receipt of his most recent quarterly cash retainer payment.
• Following the transaction, Gokey beneficially owns 21,431 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of phantom stock units) by a director, indicating alignment of interests with shareholders. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The director's decision to defer cash compensation into stock units demonstrates confidence in the company's future performance.

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 previously chosen 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 acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates