Wall Daniel R 4

What Happened Daniel R. Wall, President and Chief Executive Officer of Expeditors International of Washington, had 1,784.224 restricted stock units/derivative awards vest on May 1, 2026. The vested RSUs/DERs converted into the same number of common shares (exercise/conversion price $0.00). To satisfy tax withholding obligations, 661 shares were surrendered (disposed) at $147.89 per share for proceeds of $97,755. After withholding, Wall received approximately 1,123.224 net shares. The total market value of the vested units at $147.89 was about $263,869.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (filed within the required 2-business-day window).
• Instruments: RSUs and DERs vested and converted (transaction codes M = exercise/conversion; A = award/grant; F = tax withholding).
• Shares vested/converted: 1,784.224 total (1,722.224 + 61.776 + 0.224).
• Shares withheld for taxes: 661 shares @ $147.89 = $97,755.
• Net shares issued to insider: ~1,123.224 shares.
• Exercise/conversion price: $0.00 (no cash paid to acquire shares).
• Footnote: RSUs and DERs represent contingent rights to receive one share each and vested on May 1, 2026.
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This was not an open-market sale or purchase: it reflects vested equity awards converting to shares and routine tax withholding (common for RSU vesting).
• Because the exercise price was $0.00 and shares were withheld to cover taxes, this is a standard settlement of compensation, not a market-directional buy or sell signal.
• No 10b5-1 plan or late filing was indicated in the provided information.