Schoonover Gabe O 4

What Happened
Gabe O. Schoonover, Senior Vice President — Global Enterprise Services & CSO at Expeditors (EXPD), had RSUs and DERs vest on May 1, 2026. The vested units converted into 129.224 common shares (124.224 + 4.776 + 0.224). To cover tax withholding, 32 shares were surrendered at $147.89 per share (total $4,732). After withholding, Schoonover retained a net ~97.224 shares. The conversion/settlement is recorded as derivative exercise/conversion (code M) and the withholding as tax payment (code F).

Key Details

• Transaction date: May 1, 2026. Form 4 filed May 5, 2026 (timely).
• Conversion/vesting: 129.224 shares converted from RSUs/DERs at $0 exercise price.
• Tax withholding: 32 shares withheld at $147.89/share = $4,732.48.
• Approximate gross market value of converted shares (using $147.89): ~$19,111; net value retained after withholding: ~ $14,379.
• Net shares added to insider holdings: ~97.224 shares.
• Footnote: RSUs and DERs are contingent rights to receive the economic equivalent of one common share; they vested on May 1, 2026.
• Shares owned after the transaction: not disclosed in this filing.
• Transaction codes: M = exercise/conversion of derivative; F = payment of tax liability (withholding).

Context
This was a routine vesting/settlement of equity awards, not an open-market purchase or sale of shares for investment purposes. The withholding of shares to cover taxes (a common practice) resulted in a partial disposition only for tax payment, not an income-motivated sale. No indication of a 10% owner or a 10b5-1 plan in the filing.