Blacker Kelly K 4

What Happened

• Kelly K. Blacker, President, Global Geographies at Expeditors International (EXPD), had restricted stock units (RSUs) and derivative awards (DERs) vest on May 7, 2026. The awards converted into 2,932 common shares (2,863 + 69). To cover tax withholding, 1,085 shares were surrendered/withheld at $151.24 per share, generating $164,095. The remaining 1,847 shares were retained by Blacker (based on the reported vest and withholding counts).

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026.
• Awards vested/converted: 2,863 shares and 69 shares = 2,932 total.
• Tax withholding: 1,085 shares withheld/disposed at $151.24 each = $164,095 (code F).
• Relevant codes: M = exercise/conversion of derivative security (conversion of RSUs/DERs); F = payment of exercise price or tax liability (share withholding).
• Footnote: RSUs and DERs represented contingent rights to one common share each and vested on May 7, 2026.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Form filed May 11 for a May 7 transaction — Form 4s are typically due within 2 business days, so this filing was submitted several days after the transaction.

Context

• This was a routine vesting and tax-withholding event (common when RSUs/DERs vest), not an open-market sale intended as a directional investment signal. The $0.00 acquisition price reflects conversion/vesting rather than a cash purchase.