Schoonover Gabe O 4

What Happened

• Gabe O. Schoonover, SVP — Global Ent Svc & CSO at Expeditors (EXPD), had RSUs/DERs vest on May 6, 2026 and those derivative awards converted into 142 common shares (141 + 1). The conversions show an acquisition price of $0.00 (vesting/conversion). To satisfy tax withholding, 35 of those shares were disposed at an assigned price of $153.08 per share for a total withholding value of $5,358.
• This was not an open-market sale for investment purposes but a routine tax-withholding disposition following vesting of equity awards.

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (timely, within the two-business-day window).
• Conversions/acquisitions: 142 shares acquired via conversion of RSUs/DERs at $0.00.
• Withholding/disposition: 35 shares withheld/disposed at $153.08 each, total $5,358 (transaction code F = tax withholding).
• Footnote: RSUs and DERs represent contingent rights to receive the economic equivalent of one common share; they vested on May 6, 2026.
• Shares owned after transaction: total holdings after this transaction are not specified in the provided data; net increase from the vesting event = +107 shares (142 converted − 35 withheld).

Context

• This was a conversion of restricted stock units/derivative awards upon vesting, with a portion surrendered to cover taxes — a routine administrative transaction rather than a market-sale signal. For options/derivative activity like this, the key investor takeaway is the net share change (here, +107 shares) rather than the withholding disposition.