Bell Blake R 4

What Happened
Blake R. Bell, President Global Business Development at Expeditors (EXPD), had RSUs and DERs vest on May 1, 2026 and converted them into 3,012.431 common shares (2,907.431 + 104.569 + 0.431). No exercise price was paid ($0.00 entries). To cover tax withholding, 1,115 shares were disposed at $147.89 per share, yielding $164,897. The transactions were reported on a Form 4 filed May 5, 2026.

Key Details

• Transaction date: May 1, 2026 (vesting and conversion). Form 4 filed: May 5, 2026 (timely within reporting window).
• Shares acquired via vesting/conversion: 3,012.431 shares (2,907.431 + 104.569 + 0.431). Price shown on acquisition: $0.00 (conversion of RSUs/DERs, not a purchased option).
• Shares disposed for tax liability: 1,115 shares at $147.89 each; total value $164,897 (code F = payment of tax liability).
• Footnote: Each RSU and DER represents a contingent right to the economic equivalent of one common share; the RSUs and DERs vested on May 1, 2026.
• Shares owned after the reported transactions: not specified in the filing.
• Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = tax withholding. Filing not marked late.

Context
This was a compensation-related vesting event (RSUs/DERs converting to shares) with a routine tax-withholding sale of a portion of the vested shares. Such withholding/sales to cover taxes are common and do not necessarily indicate a change in the insider’s view of the company.