Bell Blake R 4

What Happened

• Blake R. Bell (listed as Bell Blake R), President, Global Business Development at Expeditors International of Washington (EXPD), had restricted stock units (RSUs) and dividend equivalent rights (DERs) vest on May 6, 2026. Those vested awards converted into 3,134 shares (3,098 + 36).
• To satisfy tax withholding, 1,160 shares were disposed (withheld) at $153.08 per share, representing $177,573. The remaining net shares retained from the vesting equal 1,974 shares (3,134 vested − 1,160 withheld). This was not an open-market purchase or an opportunistic sale—it’s standard tax withholding on a share award.

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (timely filing).
• Vested/converted: 3,134 shares (3,098 + 36) recorded as exercise/conversion of derivatives (code M) at $0.00 acquisition price (RSU/DER settlement).
• Tax withholding/disposition: 1,160 shares withheld (code F) at $153.08 per share = $177,573.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Each RSU and DER represents a contingent right to receive the economic equivalent of one common share; RSUs and DERs vested on May 6, 2026.

Context

• This is a vesting/settlement of equity awards, not a market buy or bullish bet. The withholding of shares for taxes is a routine administrative step (often called "sell-to-cover").
• Derivative codes: M indicates exercise/conversion of a derivative award (here RSU/DER settlement); F indicates payment of exercise price or tax liability.
• Such awards and withholding are common for employee compensation and do not by themselves indicate insider sentiment about the stock.