Martinez Roberto A 4

What Happened
Roberto A. Martinez, President, Global Products at Expeditors (EXPD), had RSUs/DERs vest on May 7, 2026 and converted/received a total of 924 shares (902 + 22). Of those, 369 shares were disposed/withheld to cover tax liability at $151.24 per share for a value of $55,808. The conversion entries show $0.00 exercise price because these were vested awards (not option purchases).

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (appears timely).
• Acquired via conversion/vesting: 924 shares (902 + 22) recorded at $0.00 (code M).
• Shares withheld/disposed for taxes: 369 shares at $151.24 each = $55,808 (code F).
• Footnote: RSUs and DERs represent contingent rights to one common share each and vested on May 7, 2026.
• Shares owned after the transactions: not specified in the filing.

Context
This was a routine vesting of equity awards and a tax-withholding transaction (common when RSUs/DERs vest). The filing shows conversion/vesting (M) and tax withholding (F); 369 shares were surrendered/withheld rather than an open-market sale of retained shares. Such award vesting and withholding are administrative and do not necessarily indicate a change in insider sentiment.