C.H. Robinson (CHRW) CEO uses 11,693 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C. H. Robinson Worldwide President & CEO David P. Bozeman reported a tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 11,693 shares of common stock were withheld by the company to cover his tax withholding obligation, not sold on the open market.
After this withholding, Bozeman beneficially owns 178,978 shares, which include 50,151 restricted stock units, 128,756 shares held directly, and 71 shares acquired through the employee stock purchase plan. The filing reflects routine tax management associated with equity vesting.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on RSU vesting; no open-market trade.
The filing shows 11,693 shares withheld to satisfy David P. Bozeman’s tax obligations when restricted stock units vested. Code F and the footnote confirm this is a payment of tax liability using shares, not a discretionary market sale.
After the transaction, Bozeman’s beneficial ownership totals 178,978 shares, including 50,151 restricted stock units, 128,756 directly held shares, and 71 shares from the employee stock purchase plan. This indicates a substantial continuing stake, so the event is best viewed as routine administrative tax handling.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bozeman David P
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,693 | $180.34 | $2.11M |
Holdings After Transaction:
Common Stock — 178,978 shares (Direct, null)
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 50,151 shares of restricted stock units, and 128,756 shares held directly by the reporting person. Includes 71 shares acquired pursuant to the issuer's employee stock purchase plan.
Key Figures
Shares withheld for taxes: 11,693 shares
Withholding price per share: $180.34 per share
Total shares after transaction: 178,978 shares
+3 more
6 metrics
Shares withheld for taxes
11,693 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$180.34 per share
Value used for 11,693 withheld shares
Total shares after transaction
178,978 shares
Beneficial ownership following tax withholding
Restricted stock units held
50,151 RSUs
Included in total beneficial ownership
Directly held shares
128,756 shares
Common stock held directly by Bozeman
ESPP shares
71 shares
Acquired under employee stock purchase plan
Key Terms
restricted stock units, employee stock purchase plan, tax withholding obligation, beneficially owns
4 terms
restricted stock units financial
"Consists of shares withheld by the issuer to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units."
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.
employee stock purchase plan financial
"Includes 71 shares acquired pursuant to the issuer's employee stock purchase plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligation financial
"Consists of shares withheld by the issuer to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units."
beneficially owns financial
"Included in this amount are 50,151 shares of restricted stock units, and 128,756 shares held directly by the reporting person."
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
What did CHRW CEO David P. Bozeman report in this Form 4 filing?
David P. Bozeman reported that 11,693 CHRW shares were withheld to cover tax obligations from vesting restricted stock units. This disposition used stock to pay taxes rather than executing an open-market sale of shares.
What does transaction code F mean in the CHRW Form 4 for David P. Bozeman?
Transaction code F indicates shares were used to pay an exercise price or tax liability. Here, 11,693 shares were withheld by C. H. Robinson to satisfy Bozeman’s tax withholding obligation when restricted stock units vested.
How are restricted stock units reflected in David P. Bozeman’s CHRW holdings?
Bozeman’s post-transaction holdings include 50,151 restricted stock units as part of his total 178,978 shares of beneficial ownership. These RSUs represent share-based compensation that vests over time under C. H. Robinson’s equity incentive programs.
What role does the employee stock purchase plan play in CHRW CEO’s holdings?
The filing notes that Bozeman’s ownership includes 71 shares acquired through C. H. Robinson’s employee stock purchase plan. This plan allows employees to accumulate company stock, adding to his broader equity-based stake alongside RSUs and directly held shares.