Castagnetto Michael D. 4
Research Summary
AI-generated summary
C.H. Robinson (CHRW) President Michael Castagnetto Buys $100K Stock
What Happened
Michael D. Castagnetto, President of C. H. Robinson Worldwide, purchased 594.388 shares of CHRW on Feb 12, 2026 at $168.24 per share, a transaction reported as an open-market/private purchase (code P) totaling approximately $100,000. The filing also notes a related short-swing sale on Feb 2, 2026 at $194.20 per share; the reporting person paid the company $15,430.32 representing the full profit from that Section 16(b) matchable transaction.
Key Details
- Transaction date: Feb 12, 2026; price: $168.24; shares acquired: 594.388; total ≈ $100,000.
- Prior sale noted: Feb 2, 2026 sale at $194.20/share; reporter remitted $15,430.32 to the company under Section 16(b).
- Beneficial ownership notes (per filing): includes 32,152 shares issuable on settlement of restricted stock units and deferred shares under the NQDC plan, and 3,336.388 shares held directly; the purchased shares add to reported holdings.
- Filing: Reported Feb 13, 2026 for a Feb 12 transaction — appears timely.
- Transaction code: P (purchase).
Context
This was a straightforward small-dollar insider purchase (about $100K). Purchases are often watched by investors as a sign of insider buying interest, but they do not by themselves prove intent or foresee company performance. The filing’s Section 16(b) disclosure and payment simply address short-swing profit recovery related to an earlier sale.