Form 4: C.H. Robinson Director Henry W. Winship IV Reports Stock Unit Acquisition

Director Henry W. Winship IV reports acquisition of restricted stock units in C.H. Robinson Worldwide, Inc.

Summary

• On March 31, 2024, Henry W. Winship IV, a director of C. H. Robinson Worldwide, Inc., acquired 574 restricted stock units.
• These units are immediately vested and will be paid out in shares of common stock following the termination of his service as a director, according to a previously chosen schedule.
• Winship directly owns 2,519 shares of common stock and indirectly owns 266,936 shares through Pacific Point Advisors LLC.
• Following the transaction, Winship beneficially owns 3,991 derivative securities (phantom stock/restricted stock units).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard equity compensation practices for directors, aligning their interests with shareholders.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The immediate vesting of the restricted stock units suggests confidence in the director's continued service and contribution to the company.

Future Outlook

The restricted stock units will be converted to 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.

Comparison to Industry Standards

• Equity compensation for non-employee directors is a common practice across publicly traded companies.
• The vesting schedule and payout terms are typical for restricted stock unit grants.
• Comparing the size of the grant to those of directors at similar companies (e.g., JB Hunt, XPO Logistics) would provide further context.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates