C. H. Robinson (NASDAQ: CHRW) director granted 992 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gokey Timothy C reported acquisition or exercise transactions in this Form 4 filing.
C. H. Robinson Worldwide, Inc. director Timothy C. Gokey received a grant of 992 phantom stock units, structured as restricted stock units tied to common stock. Each unit represents one share of common stock, bringing his directly held phantom stock and RSU balance to 26,809 units after the award.
The grant is described as the annual equity-based award for each non-employee director. These restricted stock units are immediately vested, but will be paid out in shares of common stock only after Gokey’s service as a director ends, following a payment schedule he previously selected.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gokey Timothy C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (Restricted Stock Units) | 992 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock (Restricted Stock Units) — 26,809 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/phantom units after grant: 26,809 units
Grant price per unit: $0.0000 per unit
+1 more
4 metrics
RSUs granted
992 units
Annual equity-based award on May 7, 2026
RSU/phantom units after grant
26,809 units
Total derivative equity holdings following transaction
Grant price per unit
$0.0000 per unit
Compensation grant, not an open-market purchase
Underlying common shares
992 shares
Each unit settles into one share of common stock
Key Terms
Phantom Stock, Restricted Stock Units, annual equity-based award, immediately vested, +1 more
5 terms
Phantom Stock financial
"Each phantom share/restricted stock unit will be paid in one share of common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Restricted Stock Units financial
"Reflects restricted stock units granted as the annual equity-based award provided to each non-employee director."
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
"Reflects restricted stock units 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 of service as a director, become payable"
FAQ
What did Timothy C. Gokey receive in this CHRW Form 4 filing?
Timothy C. Gokey received an equity grant of 992 phantom stock units, structured as restricted stock units linked to C. H. Robinson common stock. Each unit is designed to convert into one share of common stock in the future, subject to payout conditions described.
How many restricted stock and phantom units does Timothy Gokey hold after this CHRW grant?
After this grant, Timothy Gokey holds 26,809 phantom stock and restricted stock units directly. This figure includes the newly awarded 992 units and reflects his total derivative-equity position in these instruments as reported in this Form 4 filing.
What does each phantom stock or restricted stock unit represent for CHRW director Timothy Gokey?
Each phantom stock or restricted stock unit represents one share of C. H. Robinson common stock. When the payout conditions are met, these units will be settled in actual shares, aligning the director’s compensation with shareholder interests over time.
When do Timothy Gokey’s CHRW restricted stock units become payable?
The restricted stock units are immediately vested but only become payable after Timothy Gokey’s termination of service as a director. At that time, they are paid in common stock based on a distribution schedule he previously chose.
Is this CHRW equity grant to Timothy Gokey part of a regular program?
Yes. The filing states these restricted stock units are the annual equity-based award provided to each non-employee director. This indicates the grant is part of C. H. Robinson’s standard board compensation program rather than a one-time special award.
Does Timothy Gokey pay a purchase price for these CHRW restricted stock units?
No purchase price is involved. The filing shows a transaction price of 0.0000 per unit, indicating the 992 restricted stock units were granted as compensation rather than bought in the open market or through an option exercise.