Wall Daniel R 4

What Happened
Daniel R. Wall, President and CEO of Expeditors International of Washington (EXPD), was granted 20,250 restricted stock units (RSUs) on May 5, 2026. The Form 4 reports this as an Award/Grant (transaction code A) with an acquisition price of $0.00 (derivative securities). This is a compensation award (an acquisition of RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: May 5, 2026; filing date: May 7, 2026 (timely filing).
• Transaction type/code: Grant/Award (A) of derivative securities — 20,250 RSUs reported at $0.00 each.
• Vesting: RSU award vests in three installments — 33% on the first anniversary, 33% on the second, and 34% on the third (footnote F2).
• What an RSU is: Each RSU represents a contingent right to receive the economic equivalent of one common share (footnote F1); value realized when/if the units vest and convert to shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No tax withholding, sale, or 10b5-1 plan was reported in the excerpt.

Context
RSU grants are a standard form of executive compensation—they provide future equity tied to continued service and/or performance. Because these units only convert to shares if and when they vest, the grant itself is not the same as a buy signal from an open-market purchase; the eventual economic benefit depends on Expeditors' stock price at vesting and any applicable withholding.