Form 4: C.H. Robinson Director Mark A. Goodburn Reports Acquisition of Phantom Stock Units

Director Mark A. Goodburn reports acquiring phantom stock units in C.H. Robinson Worldwide, Inc.

Summary

• On June 30, 2024, Mark A. Goodburn, a director of C. H. Robinson Worldwide, Inc., reported acquiring 914 phantom stock units.
• These units are immediately vested and will be paid in one share of common stock each upon termination of service as a director, 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.
• 418 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, Goodburn directly owns 7,441 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider alignment with shareholder interests.

Positives

• The acquisition of phantom stock units reflects the director's continued investment in the company.
• The election to defer cash retainer for stock units aligns the director's interests with shareholders.

Future Outlook

The phantom stock units will be converted to common stock upon the director's termination of service, according to a pre-determined 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 the shareholders.
• The director's decision to defer cash compensation into stock units demonstrates confidence in the company's future performance.

Key Dates