Hackett David A 4

What Happened

• David A. Hackett, Senior Vice President and Chief Financial Officer of Expeditors International of Washington (EXPD), had restricted stock units/derivative awards (RSUs/DERs) vest and convert into common shares on May 6, 2026. A total of 314 units converted to 314 shares (156 + 1 + 156 + 1 as reported). The conversion price was $0 per share (no cash paid).
• To cover tax withholding, 40 of the newly issued shares were surrendered/withheld at $153.08 per share, generating $6,123. The remaining net shares increased his holdings by approximately 274 shares.

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (timely filing).
• Conversion/Exercise code: M (exercise or conversion of derivative/award); Tax withholding code: F (shares withheld to satisfy tax liability).
• Prices reported: conversion price $0.00; withholding price $153.08 per share for 40 shares (total $6,123).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnote: RSUs and DERs represent contingent rights to receive one common share each; the RSUs and DERs vested on May 6, 2026.

Context

• This was not an open-market sale for cash. The disposition of 40 shares was a routine tax-withholding event upon vesting—not necessarily a signal of broader buying/selling intent.
• For retail investors, purchases or net increases in holdings can be more informative; here the filing shows a net gain in shares (approximately +274) due to vesting of awards.