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 (RSUs) and derivative awards (DERs) vest on May 7, 2026. A total of 146 vested units (142 + 4) converted into common shares at an exercise/conversion price of $0.00. To satisfy tax withholding, 37 shares were withheld (tax value reported at $151.24 per share, approx. $5,596), leaving 109 net shares issued to Hackett. This was a routine vesting/event-driven acquisition (award), not an open-market buy or deliberate sale.

Key Details

• Transaction date: May 7, 2026; filing date: May 11, 2026 (filed timely).
• Vesting/conversion: 146 RSUs/DERs converted to common shares (codes M for exercise/conversion).
• Tax withholding: 37 shares withheld at $151.24/share for a total withheld value of ~$5,596 (code F).
• Net shares delivered to insider: 109 shares (146 vested − 37 withheld).
• Footnote: RSUs and DERs each represent contingent rights to receive the economic equivalent of one common share; they vested on May 7, 2026.
• No 10b5-1 plan or late filing indicated in this report.

Context This filing reflects award vesting and routine tax-withholding (a non-market disposition), not a discretionary sale or purchase by the insider. For derivative/option-related disclosures like this, conversion at $0.00 typically means RSUs/DERs converted to shares upon vesting and some shares were retained by the company to cover withholding obligations (net settlement). Such transactions are common and generally reflect compensation realization rather than a trading signal.