Form 4: C.H. Robinson Executive Michael Castagnetto Reports Stock Transactions

Michael Castagnetto, Pres, NAST of C.H. Robinson Worldwide, Inc., reports disposition of shares to cover tax obligations and sales under a 10b5-1 plan.

Summary

• On February 18, 2025, Michael D. Castagnetto, Pres, NAST of C.H. Robinson Worldwide, Inc., reported transactions involving the company's common stock.
• 2,284 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units at a price of $99.49.
• Additionally, 5,016 shares were sold at a price of $99.6 under a pre-arranged 10b5-1(c) plan adopted on August 12, 2024.
• Following these transactions, Castagnetto beneficially owns 39,602 shares, which includes shares issuable in settlement of restricted stock units and deferred shares, as well as shares held directly and acquired through the employee stock purchase plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into insider activity and helps investors understand the actions of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the sales are conducted under a pre-arranged plan, mitigating concerns about insider information.

Key Dates