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

Director Michael H. McGarry receives 1,940 restricted stock units of C.H. Robinson Worldwide, Inc. as part of the annual equity-based award.

Summary

• Michael H. McGarry, a director of C.H. Robinson Worldwide, Inc., received 1,940 restricted stock units on May 8, 2025.
• These units represent the annual equity-based award provided to non-employee directors.
• The full annual grant is now made on the date of the annual shareholders meeting, replacing the previous 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, McGarry directly owns 3,475 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally. The move to a full annual grant could be seen as a positive simplification.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• Immediate vesting of the units provides an immediate incentive.

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

Granting equity to board members is a common practice to align their interests with shareholders and incentivize long-term value creation. The move to a full annual grant on the date of the annual shareholders meeting simplifies the process and potentially reduces administrative overhead compared to quarterly installments.

Comparison to Industry Standards

• Equity compensation for non-employee directors varies widely across industries and company sizes.
• Comparing the value of the 1,940 restricted stock units to director compensation packages at similar logistics and transportation companies would provide a benchmark for assessing the competitiveness of C.H. Robinson's director compensation practices.
• Companies like JB Hunt, XPO Logistics, and Knight-Swift Transportation could be considered peers for comparison purposes.

Stakeholder Impact

• Shareholders may view the equity grant as a positive incentive for the director to act in their best interests.
• The change from quarterly installments to a full annual grant could simplify administrative processes.

Key Dates

Keywords

restricted stock units, director compensation, equity-based award, Form 4, C.H. Robinson, CHRW, McGarry