Form 4: C.H. Robinson Director Michael McGarry Acquires Restricted Stock Units

Director Michael McGarry acquired 396 restricted stock units of C.H. Robinson Worldwide, Inc. as part of a quarterly installment of an annual equity-based award.

Summary

• Michael McGarry, a director of C.H. Robinson Worldwide, Inc., acquired 396 restricted stock units on September 30, 2024.
• These units were granted as a quarterly installment of the annual equity-based award provided to non-employee directors.
• 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 685 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to alignment of interests.

Positives

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

Industry Context

This type of equity compensation is common for non-employee directors to align their interests with the long-term performance of the company.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies.
• The amount and vesting schedule can vary based on company size, industry, and individual director roles.
• Comparing the value of these 396 restricted stock units to similar grants at peer companies like JB Hunt or XPO Logistics would provide further context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
• The transaction has no impact on employees, customers, suppliers, or creditors.

Key Dates