Wall Daniel R 4

What Happened

• Daniel R. Wall, President and CEO of Expeditors International of Washington (EXPD), had RSU/DER awards vest on May 6, 2026 and those awards were converted into common shares. To cover tax withholding related to the vesting, 3,491 shares were surrendered/disposed at $153.08 per share, generating $534,402. The filing shows exercise/conversion entries for awards of 9,324 and 110 shares (no exercise price).

Key Details

• Transaction date: May 6, 2026; filing date: May 8, 2026 (timely).
• Tax withholding sale: 3,491 shares @ $153.08 = $534,402 (code F = payment of tax liability).
• Vesting/conversion entries: 9,324 and 110 shares recorded as exercised/converted (code M) at $0.00 per share (RSU/DER settlement).
• Footnote: RSUs and DERs represent contingent rights to one common share each and “vested on May 6, 2026.”
• Shares owned after the transactions are not specified in the provided data.

Context

• This appears to be routine vesting of restricted/share-equivalent awards with a share surrender to satisfy tax withholding (common practice), not an open-market sale for investment purposes. Code notes: M = exercise/conversion of derivative award; F = payment of exercise price or tax withholding. The transaction is informational and does not by itself indicate management intent to buy or sell additional shares.