Hawkins Courtney A 4

What Happened
Courtney A. Hawkins, Senior Vice President and CIO of Expeditors International (EXPD), had RSUs/DERs vest on May 6, 2026 and converted 825 contingent awards (816 + 9) into common shares. To satisfy tax withholding, 206 of those shares were surrendered at an implied withholding price of $153.08 per share for a total tax payment of $31,534. The remaining 619 shares were retained by Hawkins. The filing shows exercise/conversion of derivatives (code M) and a tax/payment withholding disposition (code F).

Key Details

• Transaction date: May 6, 2026 (Form 4 filed May 8, 2026).
• Conversions/vests: 816 shares and 9 shares acquired at $0.00 (conversion of RSU/DER).
• Tax withholding: 206 shares disposed at $153.08 = $31,534 (code F).
• Net shares retained from the vest: 825 − 206 = 619 shares. The Form 4 does not list Hawkins’ total company holdings prior to these transactions.
• Footnote: Each RSU and DER is a contingent right to the economic equivalent of one common share; the RSUs/DERs vested on May 6, 2026.
• Filing timeliness: Filed two days after the vesting (appears timely).

Context
This was a routine vesting of RSUs/DERs with shares withheld to cover tax obligations (a common practice), not an open-market sale or purchase. The M code indicates conversion/exercise of a derivative award; the F code reflects tax withholding. Such withholding transactions are administrative and do not necessarily signal a change in insider sentiment.