Form 4: C.H. Robinson Director Gokey Receives Annual Equity-Based Award

Director Timothy C. Gokey received 1,940 restricted stock units of C.H. Robinson Worldwide, Inc. on May 8, 2025, as part of the annual equity-based award for non-employee directors.

Summary

• Timothy C. Gokey, a director of C.H. Robinson Worldwide, Inc., received 1,940 phantom shares/restricted stock units on May 8, 2025.
• These restricted stock units are part of the annual equity-based award provided to each non-employee director.
• The full annual grant is now made on the date of the annual shareholders meeting, commencing in 2025, instead of quarterly installments.
• The restricted stock 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.
• Following the transaction, Gokey directly owns 24,803 shares.
• The price of the derivative security is $0.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• Immediate vesting of the units provides an incentive for continued service.
• The move to a full annual grant on the date of the annual shareholders meeting simplifies the equity-based award process.

Future Outlook

The restricted 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

Equity-based compensation is a common practice for directors of publicly traded companies to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a standard practice among publicly traded companies.
• The amount of the grant and the vesting schedule can vary depending on the company's size, performance, and compensation philosophy.
• Companies like JB Hunt, XPO Logistics, and Knight-Swift Transportation also utilize equity-based compensation for their directors.

Stakeholder Impact

• Shareholders may view the equity-based compensation positively as it aligns the director's interests with long-term value creation.
• The director benefits from the grant of restricted stock units, which will be converted to common stock in the future.

Key Dates

Keywords

Form 4, C.H. Robinson, Director, Gokey, Restricted Stock Units, Equity-Based Award, CHRW