C.H. Robinson (NASDAQ: CHRW) grants 992 RSUs to director Jodee Kozlak
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kozlak Jodee A reported acquisition or exercise transactions in this Form 4 filing.
C.H. Robinson Worldwide director Jodee Kozlak received a grant of 992 phantom stock restricted stock units as part of the annual equity-based award for non-employee directors. Each unit represents one share of common stock and is granted at no cash cost.
The restricted stock units are immediately vested but will be paid in shares of common stock only after Kozlak’s service as a director ends, according to a previously chosen payment schedule. Following this award, Kozlak holds a total of 29,006 restricted stock units linked to C.H. Robinson common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kozlak Jodee A
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) — 29,006 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
Total RSUs after grant: 29,006 units
Grant price: $0.0000 per unit
+1 more
4 metrics
RSUs granted
992 units
Annual equity-based award to non-employee director
Total RSUs after grant
29,006 units
Director holdings following reported transaction
Grant price
$0.0000 per unit
Equity award granted at no cash cost
Conversion ratio
1 unit = 1 share
Each phantom stock/restricted stock unit pays one common share
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 in shares of common stock"
termination of service as a director financial
"following the reporting person's termination of service as a director, become payable in shares of common stock according to the schedule previously chosen"
FAQ
What insider transaction did C. H. Robinson (CHRW) report for director Jodee Kozlak?
C. H. Robinson reported that director Jodee Kozlak received 992 phantom stock restricted stock units as an annual equity-based award. These units are immediately vested and will convert into common shares after her board service ends, based on a previously selected distribution schedule.
How many C. H. Robinson (CHRW) restricted stock units does Jodee Kozlak hold after this Form 4?
After the latest grant, Jodee Kozlak holds 29,006 restricted stock units tied to C. H. Robinson common stock. This total reflects the newly awarded 992 units in addition to her prior holdings, all reported as directly owned derivative equity interests.
What are the terms of the 992 phantom stock units granted to CHRW director Jodee Kozlak?
The 992 phantom stock restricted stock units granted to Jodee Kozlak vest immediately and carry no cash exercise price. Each unit will be settled in one share of C. H. Robinson common stock after she leaves the board, following a distribution schedule she previously chose.
Why did C. H. Robinson (CHRW) grant 992 restricted stock units to Jodee Kozlak?
The 992 restricted stock units granted to Jodee Kozlak represent her annual equity-based award provided to each non-employee director. This form of compensation aligns director interests with shareholders by tying a portion of board pay to the company’s future stock performance.
Does Jodee Kozlak pay anything for the CHRW phantom stock restricted stock units?
No, Jodee Kozlak does not pay cash for these phantom stock restricted stock units. The Form 4 shows a price per unit of 0.0000, indicating they are granted as compensation rather than purchased in an open-market transaction or option exercise.