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 June 30, 2024, Timothy C. Gokey, a director of C. H. Robinson Worldwide, Inc., acquired 864 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.
• 496 of the restricted stock units were granted at no cost as a quarterly installment of the annual equity-based award.
• 368 units were granted at a price of $88.12 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 20,741 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock unit acquisition by a director. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

Future Outlook

The phantom stock units will be paid 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 disclosures required by the SEC to ensure transparency in insider trading activities.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates