Blacker Kelly K 4

What Happened
Kelly K. Blacker, President, Global Geographies at Expeditors International (EXPD), had RSUs and derivative awards vest on May 1, 2026 and converted those awards into common shares. The filing shows the exercise/conversion of 765.887 and 28.113 derivative units (total ~794 shares). To satisfy tax withholding, 294 shares were surrendered at $147.89 each (total ~$43,480). After withholding, Blacker received roughly 500 net shares.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely under the two-business-day rule).
• Conversion entries: 765.887 and 28.113 shares converted (code M = exercise/conversion of derivative).
• Tax withholding: 294 shares withheld and disposed (code F), valued at $147.89/share, total $43,480.
• Additional entry: a small award of 0.887 shares was recorded as a derivative grant (code A).
• Shares owned after transaction: not stated in the provided filing.
• Footnote: RSUs and DERs represent contingent rights to the economic equivalent of one common share; these RSUs/DERs vested on May 1, 2026.

Context
This was a routine vesting and conversion of equity awards, with shares withheld to cover tax obligations (a common cashless/withholding settlement). The filing is factual and does not indicate trading intent or change in company ownership level.