C.H. Robinson (CHRW) awards 992 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodburn Mark A. reported acquisition or exercise transactions in this Form 4 filing.
C. H. Robinson Worldwide director Mark A. Goodburn received 992 phantom stock units, reported as restricted stock units that will each be paid in one share of common stock. These units represent his annual equity-based award as a non-employee director.
The restricted stock units are immediately vested but will only be paid in shares of common stock after he leaves the board, according to a payout schedule he has already chosen. Following these updates, he holds 2,280 shares of common stock directly and 13,751 phantom stock units tied to common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Goodburn Mark A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (Restricted Stock Units) | 992 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock (Restricted Stock Units) — 13,751 shares (Direct, null);
Common Stock — 2,280 shares (Direct, null)
Footnotes (1)
- Each phantom share/restricted stock unit will be paid in one share of common stock. Reflects restricted stock units granted as the annual equity-based award provided to each non-employee director. The restricted stock units are immediately vested, and following the reporting person's termination of service as a director, become payable in shares of common stock according to the schedule previously chosen by the reporting person.
Key Figures
RSUs granted: 992 units
RSU balance after grant: 13,751 units
Common shares held: 2,280 shares
+2 more
5 metrics
RSUs granted
992 units
Phantom Stock (Restricted Stock Units) granted to director
RSU balance after grant
13,751 units
Total phantom stock units following transaction
Common shares held
2,280 shares
Direct common stock holdings after reported update
RSU grant price
$0.0000 per unit
Equity-based compensation grant with no cash exercise price
Underlying common stock
992 shares
Common stock underlying newly granted phantom stock units
Key Terms
Phantom Stock (Restricted Stock Units), restricted stock units, annual equity-based award, immediately vested, +1 more
5 terms
Phantom Stock (Restricted Stock Units) financial
"Phantom Stock (Restricted Stock Units)"
restricted stock units financial
"Reflects restricted stock units granted as the annual equity-based award"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
annual equity-based award financial
"granted as the annual equity-based award provided to each non-employee director"
immediately vested financial
"The restricted stock units are immediately vested, and following the reporting person's termination"
termination of service as a director financial
"following the reporting person's termination of service as a director, become payable"
FAQ
What did C. H. Robinson (CHRW) report for director Mark A. Goodburn on this Form 4?
The filing shows Mark A. Goodburn received 992 phantom stock units as restricted stock units. Each unit is payable in one share of common stock, reflecting his annual equity-based compensation as a non-employee director.
How many restricted stock units did CHRW director Mark A. Goodburn receive?
Mark A. Goodburn received 992 restricted stock units, reported as phantom stock. Each unit will convert into one share of C. H. Robinson common stock under the company’s director compensation arrangements.
When do Mark A. Goodburn’s CHRW restricted stock units become payable?
The restricted stock units are immediately vested but become payable after his termination of service as a director. They are then delivered in common shares based on a distribution schedule he previously chose.
What is phantom stock in the context of CHRW’s director compensation?
Phantom stock here represents restricted stock units where each phantom share equals one common share upon payout. It provides equity-based compensation to directors without immediate share issuance, aligning their interests with shareholders over time.