PEDERSEN BRANDON 4

What Happened
Brandon Pedersen, a director of Expeditors International of Washington, acquired 1,306 shares on May 5, 2026 via a restricted stock award. The shares were issued at $0.00 (no cash paid) and the award vests in full on May 5, 2026. This is an award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (no indication of a late filing).
• Transaction type/code: A — Award/Grant (restricted stock).
• Shares acquired: 1,306; acquisition price reported as $0.00 (granted at no cost).
• Footnotes: F1 — award vests in full on May 5, 2026. F2 — granted under Expeditors’ 2017 Omnibus Incentive Plan at no cost.
• Shares owned after transaction: not specified in the information provided.

Context
Restricted stock awards are a form of compensation and vesting is typically tied to service or performance; they are routine for directors and do not necessarily signal a buy/sell decision by the insider. Because this was an award that vested and not an open-market purchase or sale, it should be interpreted as compensation-related rather than a direct market endorsement.