Hawkins Courtney A 4

What Happened
Courtney A. Hawkins, Senior Vice President and CIO of Expeditors International of Washington (EXPD), received a grant of 2,025 restricted stock units (RSUs) on May 5, 2026. The filing lists the acquisition price as $0.00 because this is an equity award (a derivative grant), not an open‑market purchase. The award represents a contingent right to the economic equivalent of 2,025 common shares.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (timely filing).
• Security and amount: 2,025 Restricted Stock Units (derivative), acquisition price reported as $0.00.
• Vesting: Award vests in three installments — 33% on the 1st anniversary, 33% on the 2nd, and 34% on the 3rd (per filing footnote).
• Footnote: Each RSU represents a contingent right to receive the economic equivalent of one common share.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
RSU grants are compensation awards that vest over time; they are not immediate purchases or sales and do not by themselves represent share sales. This grant increases Hawkins’ potential future ownership in EXPD if and when the RSUs vest and are settled according to company policy.