CH Robinson (CHRW) executive reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C. H. Robinson Worldwide executive Michael D. Castagnetto reported a tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 3,009 shares of common stock were withheld by the company at a price of $176.01 per share to satisfy his tax withholding obligation.
After this tax-withholding disposition, Castagnetto’s reported holdings total 32,479.388 shares of common stock. This includes 23,815 shares issuable from restricted stock units and deferred shares in his NQDC Plan account and 8,664.388 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Castagnetto Michael D.
Role
Pres, NAST
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,009 | $176.01 | $530K |
Holdings After Transaction:
Common Stock — 32,479.388 shares (Direct)
Footnotes (1)
- Consists of shares withheld by the issuer to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units. Included in this amount are 23,815 shares of Issuer common stock issuable in settlement of an equal number of restricted stock units and deferred shares credited to the reporting person's NQDC Plan account and 8,664.388 shares held directly by the reporting person.
FAQ
What insider transaction did Michael D. Castagnetto report at CHRW?
Michael D. Castagnetto reported a tax-withholding disposition of shares at C. H. Robinson Worldwide. The company withheld 3,009 common shares upon vesting of restricted stock units to cover his tax obligations, rather than him selling shares in the open market.
Was Michael D. Castagnetto’s CHRW transaction an open-market sale?
The reported transaction was not an open-market sale. It was a tax-withholding disposition, where 3,009 CHRW shares were withheld by the issuer upon vesting of restricted stock units to satisfy his tax withholding obligation, as described in the filing footnotes.