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

Director Michael McGarry acquired 289 restricted stock units of C.H. Robinson Worldwide, Inc. as part of a quarterly installment of his annual equity-based award.

Summary

• Michael H. McGarry, a director of C.H. Robinson Worldwide, Inc., acquired 289 restricted stock units on June 30, 2024.
• These units were granted at no cost as a quarterly installment of the annual equity-based award provided to non-employee directors.
• Each restricted stock unit will be paid in one share of common stock.
• The restricted stock units are immediately vested and become payable in shares of common stock following the director's termination of service, according to a pre-selected schedule.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The grant of equity can be seen as a positive sign of aligning director interests with shareholders.

Positives

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

Future Outlook

The restricted stock units will be converted to common stock following the director's termination of service, according to a pre-selected schedule.

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

• Granting restricted stock units to non-employee directors is a standard practice among publicly traded companies.
• Companies like JB Hunt and XPO Logistics also use equity-based compensation for their board members.
• The specific amount and vesting schedule can vary based on company size, performance, and industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates