Form 4: Director Kozlak Acquires Phantom Stock in C.H. Robinson Worldwide

Jodee A. Kozlak, a director of C.H. Robinson Worldwide, acquired phantom stock units through a grant and deferral of cash retainer.

Summary

• On December 31, 2024, Jodee A. Kozlak, a director at C.H. Robinson Worldwide, acquired 967 phantom stock units.
• 423 units were granted at no cost as a quarterly installment of the annual equity-based award for non-employee directors.
• 544 units were granted at a price of $103.32 per unit due to the director's election to defer her quarterly cash retainer payment.
• The director now beneficially owns 25,647 derivative securities.
• The phantom stock units are immediately vested and will be paid in shares of common stock upon termination of service as a director, according to a previously chosen schedule.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment in the company.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• The deferral of cash retainer into stock units aligns the director's interests with those of the shareholders.

Future Outlook

The phantom stock units will be paid out in shares of common stock upon the director's termination of service, according to a previously chosen schedule.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates