Form 4: Director Jodee A. Kozlak Reports Acquisition of C. H. Robinson Worldwide Stock Units

Jodee A. Kozlak, a director of C. H. Robinson Worldwide, Inc., reported the acquisition of restricted stock units representing 1,134 shares of common stock on June 30, 2024.

Summary

• On June 30, 2024, Jodee A. Kozlak, a director of C. H. Robinson Worldwide, Inc., acquired 1,134 phantom shares/restricted stock units.
• 496 of these units were granted at no cost as a quarterly installment of the annual equity-based award for non-employee directors.
• 638 units were granted at $88.12 per unit due to the director's election to defer receipt of a quarterly cash retainer payment.
• 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 reported transaction, Kozlak directly owns 23,775 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of stock units, especially through deferral of cash compensation, suggests confidence in the company. However, it's a routine transaction.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The director's decision to defer cash compensation into stock units aligns her interests with those of shareholders.

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 previously chosen schedule.

Industry Context

Director stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. This filing reflects a standard transaction related to director compensation.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it demonstrates the director's alignment with shareholder interests.

Key Dates