Form 4: Director Paige K. Robbins Receives Stock Units in C. H. Robinson Worldwide, Inc.

Paige K. Robbins, a director of C. H. Robinson Worldwide, Inc., received 289 restricted stock units as part of her annual equity-based award.

Summary

• On June 30, 2024, Paige K. Robbins, a director of C. H. Robinson Worldwide, Inc. (CHRW), was granted 289 restricted stock units.
• These units are part of her annual equity-based award as a 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 her termination of service as a director, according to a previously chosen schedule.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of stock units to a director), which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

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

Future Outlook

The restricted stock units will be paid out in shares of common stock following the reporting person's termination of service as a director, according to a previously chosen schedule.

Industry Context

Granting stock options to board members is a common practice to align their interests with the long-term performance of the company. This is a standard method of compensation for non-employee directors.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across publicly traded companies.
• Companies like JB Hunt and XPO Logistics also use equity grants as part of their director compensation packages.
• The specific amount and vesting schedule can vary based on company size, performance, and industry norms.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates