Director Michael H. McGarry gets 992 RSUs at C. H. Robinson (CHRW) in annual award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCGARRY MICHAEL H reported acquisition or exercise transactions in this Form 4 filing.
C. H. Robinson Worldwide director Michael H. McGarry reported updated holdings and a new equity award. A holding entry shows he directly owns 5 shares of common stock, reflecting shares that had been inadvertently omitted from prior filings. He also received 992 phantom stock restricted stock units as his annual equity-based award for non-employee directors. These units are immediately vested and each unit will be paid in one share of common stock, bringing his total phantom stock/restricted stock unit balance to 4,467 units. The units become payable in common stock after he leaves the board, according to a payout schedule he previously chose.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MCGARRY MICHAEL H
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) — 4,467 shares (Direct, null);
Common Stock — 5 shares (Direct, null)
Footnotes (1)
- This reflects shares inadvertently omitted from the reporting person's prior filings. 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
Common stock holdings: 5 shares
New RSU grant: 992 units
Total RSU balance: 4,467 units
+1 more
4 metrics
Common stock holdings
5 shares
Total shares of common stock held directly after transactions
New RSU grant
992 units
Phantom stock (restricted stock units) granted as annual equity-based award
Total RSU balance
4,467 units
Total phantom stock/restricted stock units held after the grant
RSU-to-stock ratio
1 unit : 1 share
Each phantom share/restricted stock unit will be paid in one share of common stock
Key Terms
Phantom Stock (Restricted Stock Units), annual equity-based award, non-employee director, restricted stock units, +1 more
5 terms
Phantom Stock (Restricted Stock Units) financial
"security_title: "Phantom Stock (Restricted Stock Units)""
annual equity-based award financial
"Reflects restricted stock units granted as the annual equity-based award provided"
non-employee director financial
"annual equity-based award provided to each non-employee director"
restricted stock units financial
"The restricted stock units are immediately vested, and following the reporting person's termination"
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.
FAQ
What insider activity did CHRW director Michael H. McGarry report on this Form 4?
Michael H. McGarry reported a routine equity award and updated holdings. He received 992 phantom stock restricted stock units and now holds 5 shares of common stock directly, clarifying shares that were inadvertently omitted from earlier filings.
How many restricted stock units did CHRW grant to director Michael H. McGarry?
C. H. Robinson Worldwide granted Michael H. McGarry 992 phantom stock restricted stock units. The filing states this represents the annual equity-based award provided to each non-employee director, immediately vested and linked one-for-one to future common stock delivery.
What are Michael H. McGarry’s CHRW holdings after the reported transactions?
After the reported transactions, Michael H. McGarry directly holds 5 shares of CHRW common stock and 4,467 phantom stock/restricted stock units. Each phantom unit is payable in one share of common stock following his termination of service as a director.
How do the CHRW phantom stock restricted stock units for Michael H. McGarry vest and pay out?
The restricted stock units are immediately vested on grant. According to the filing, they become payable in shares of common stock after McGarry’s termination of service as a director, following a payout schedule he previously selected.
Is the equity award to CHRW director Michael H. McGarry part of a standard compensation program?
Yes. The filing explains the 992 restricted stock units reflect the annual equity-based award provided to each non-employee director. This indicates the grant is part of C. H. Robinson Worldwide’s standard director compensation program rather than a one-time special award.