C.H. Robinson Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
30 Junio 2023 - 4:00PM
Business Wire
C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW)
announced that it granted equity awards on June 26, 2023 as a
material inducement to employment of the newly-hired President and
Chief Executive Officer, Dave Bozeman.
As previously disclosed, C.H. Robinson and Mr. Bozeman entered
into an employment offer letter in connection with Mr. Bozeman’s
appointment as President and Chief Executive Officer. Pursuant to
the employment offer letter, the following equity awards were
approved for issuance to Mr. Bozeman in accordance with Nasdaq
Listing Rule 5635(c)(4): (1) 21,574 performance stock units (at
target) and 14,383 restricted stock units, each representing
pro-rated annual equity awards with the same performance measures
and vesting dates as comparable awards made to the company’s other
executive officers for fiscal 2023, (2) 69,442 performance stock
units that vest based on achievement of 10% compound annual growth
in adjusted diluted earnings per share over a three year period,
and (3) 128,201 restricted stock units that vest as to 25% of the
shares on each of January 15, 2024 and the one year anniversary of
the date of grant, 30% of the shares on the second anniversary of
the date of grant and 20% of the shares on the third anniversary of
the date of grant, in each case subject to certain accelerated or
continued vesting provisions.
The awards were granted to Mr. Bozeman pursuant to the terms of
his employment offer letter, and the forms of award agreements
attached as exhibits thereto, which were attached to a Form 8-K
filed by the company with the Securities and Exchange Commission on
June 6, 2023. The awards were granted pursuant to stand-alone
inducement award agreements outside of the company’s 2022 Equity
Incentive Plan, but are generally subject to the same terms and
conditions that apply to awards granted under the company’s 2022
Equity Incentive Plan.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the
globe and across industries, from the simple to the most complex.
With $30 billion in freight under management and 20 million
shipments annually, we are one of the world’s largest logistics
platforms. Our global suite of services accelerates trade to
seamlessly deliver the products and goods that drive the world’s
economy. With the combination of our multimodal transportation
management system and expertise, we use our information advantage
to deliver smarter solutions for our 100,000 customers and 96,000
contract carriers. Our technology is built by and for supply chain
experts to bring faster, more meaningful improvements to our
customers’ businesses. As a responsible global citizen, we are also
proud to contribute millions of dollars to support causes that
matter to our company, our Foundation and our employees. For more
information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20230630307635/en/
FOR INVESTOR INQUIRIES, CONTACT: Chuck Ives, Director of
Investor Relations Email: chuck.ives@chrobinson.com
FOR MEDIA INQUIRIES, CONTACT: Duncan Burns, Chief
Communications Officer Email:
PublicRelations@chrobinson.com
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