Form 4: C.H. Robinson Director James B. Stake Reports Acquisition of Restricted Stock Units

Director James B. Stake reports acquisition of 574 restricted stock units of C.H. Robinson Worldwide, Inc.

Summary

• On March 31, 2024, James B. Stake, a director of C.H. Robinson Worldwide, Inc., acquired 574 restricted stock units (phantom stock).
• These restricted stock units were granted at no cost as a quarterly installment of the annual equity-based award provided to each non-employee director.
• Each phantom share/restricted stock unit will be paid in one share of common stock.
• The restricted stock units are immediately vested and will be payable in shares of common stock following the director's termination of service, according to a previously chosen schedule.
• Following the transaction, Stake beneficially owns 29,447 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The immediate vesting of the units suggests confidence in the company's future performance.

Future Outlook

The restricted stock units will be paid in shares of common stock following the reporting person's termination of service as a director, according to the schedule previously chosen by the reporting person.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include equity-based awards like restricted stock units to align director interests with shareholder value.
• The vesting schedule and payout terms are common practices in corporate governance.
• Companies like JB Hunt and XPO Logistics also utilize similar equity compensation strategies for their board members.

Stakeholder Impact

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

Key Dates