Form 4: C.H. Robinson Director Winship IV Reports Acquisition of Restricted Stock Units

Director Henry W. Winship IV reports the acquisition of restricted stock units in C.H. Robinson Worldwide, Inc.

Summary

• Henry W. Winship IV, a director of C.H. Robinson Worldwide, Inc., filed a Form 4 to report changes in beneficial ownership.
• On September 30, 2024, Winship acquired 396 restricted stock units (phantom stock) at no cost as a quarterly installment of his annual equity-based award.
• These restricted stock units are immediately vested and will be paid in shares of common stock following his termination of service as a director, according to a previously chosen schedule.
• Winship also indirectly owns 266,732 shares of common stock through Pacific Point Advisors LLC.
• Following the reported transaction, Winship directly owns 4,883 derivative securities (phantom stock).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The acquisition 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.

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 pre-determined schedule.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Comparison to Industry Standards

• Equity-based compensation is a standard practice for directors in publicly traded companies like C.H. Robinson.
• Companies such as JB Hunt, XPO Logistics, and Knight-Swift Transportation also utilize stock options and restricted stock units as part of their director compensation packages.
• The vesting schedules and payout terms are generally aligned with industry norms to incentivize long-term value creation.

Stakeholder Impact

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates