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

Director Henry Winship IV reports acquiring 423 restricted stock units of C.H. Robinson Worldwide, Inc. as part of a quarterly installment of an annual equity-based award.

Summary

• On December 31, 2024, Henry Winship IV, a director of C.H. Robinson Worldwide, Inc., acquired 423 restricted stock units.
• These units were granted at no cost as a quarterly installment of the annual equity-based award provided to each non-employee director.
• Each restricted stock unit will be paid in one share of common stock.
• The restricted stock units are immediately vested and will be payable in shares of common stock following the director's termination of service, according to a previously chosen schedule.
• Following the transaction, Winship directly owns 2,519 shares of common stock and indirectly owns 266,732 shares through Pacific Point Advisors LLC, and 5,306 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between management and shareholders. There are no red flags or negative implications.

Positives

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

Future Outlook

The restricted stock units will be converted into shares of common stock following the director's termination of service, according to a previously chosen schedule.

Industry Context

This filing is a routine disclosure of equity-based compensation for a director, which is a common practice in publicly traded companies to align the interests of directors with shareholders.

Comparison to Industry Standards

• Equity compensation for non-employee directors is a standard practice across publicly traded companies.
• The amount and vesting schedule of restricted stock units can vary significantly based on company size, industry, and individual director responsibilities.
• Comparing the equity compensation of C.H. Robinson's directors to that of directors at similar logistics and transportation companies (e.g., JB Hunt, XPO Logistics) would provide a benchmark for assessing the competitiveness of their compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs.
• The transaction has a minor positive impact on the director as it increases their ownership in the company.

Key Dates