Martinez Roberto A 4

What Happened

• Roberto A. Martinez, President, Global Products at Expeditors International of Washington (EXPD), was granted 5,553 restricted stock units (RSUs) on 2026-05-05. The filing shows an acquisition coded "A" (award) for 5,553 units at $0.00 (derivative award). The reported dollar value at grant is $0 in the Form 4 excerpt provided.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (filed within the usual 2-business-day window, i.e., timely).
• Transaction type: Award/Grant (code A) — derivative instrument (RSUs), not an open-market purchase or sale.
• Amount: 5,553 RSUs granted; grant price reported as $0.00 (standard for RSU awards that convey rights to future shares).
• Vesting: RSU award vests in three installments — 33% on the 1st anniversary, 33% on the 2nd, and 34% on the 3rd anniversary of the grant (per filing footnotes).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• No indication of special plans (e.g., 10b5-1) or tax-withholding sales in this filing.

Context

• RSUs are a form of deferred compensation representing a contingent right to receive the economic equivalent of common shares when they vest; they are not immediate purchases of stock. Awards like this are common executive compensation and do not by themselves indicate buying or selling sentiment.
• Because vesting is spread over three years, the economic exposure and eventual share issuance will occur over time as installments vest.