Form 4: C.H. Robinson Director Jodee A. Kozlak Reports Acquisition of Phantom Stock Units

Director Jodee A. Kozlak reports acquiring 905 phantom stock units of C.H. Robinson Worldwide, Inc.

Summary

• On September 30, 2024, Jodee A. Kozlak, a director of C.H. Robinson Worldwide, Inc., reported acquiring 905 phantom stock units.
• 396 units were granted at no cost as a quarterly installment of the annual equity-based award for non-employee directors.
• 509 units were granted at a price of $110.37 per unit due to the director's election to defer receipt of her most recent quarterly cash retainer payment.
• 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, Kozlak beneficially owns 24,680 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through equity compensation and deferral of cash payments into stock.

Positives

• The acquisition of phantom stock units reflects the director's continued investment in the company.
• The deferral of cash retainer payment into stock units aligns the director's interests with those of shareholders.

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

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 shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates