Schoonover Gabe O 4

What Happened
Gabe O. Schoonover, SVP — Global Enterprise Services & Chief Security Officer at Expeditors (EXPD), had RSUs/DERs vest on May 7, 2026 and converted them into 149 common shares (145 + 4). To satisfy tax withholding, 37 of those shares were disposed (withheld/sold) at $151.24 per share for proceeds of $5,596. Net shares added to his holding from the vesting event: 112 shares.

Key Details

• Transaction date: May 7, 2026 (filing date: May 11, 2026).
• Vesting/conversion: 145 and 4 DER/RSU units converted (code M), acquired at $0.00 per share (these represent vested contingent rights).
• Tax withholding: 37 shares disposed (code F) at $151.24, proceeds $5,596.
• Net new shares from the vesting: 149 acquired − 37 withheld = 112 shares retained.
• Footnote: Each RSU and DER represents a contingent right to one common share; RSUs and DERs vested on May 7, 2026.
• Shares owned after the transaction: not reported in the provided excerpt.
• Timeliness: The Form 4 was filed four days after the transaction (filed May 11 for a May 7 transaction), which is later than the typical 2-business-day filing requirement.

Context
This was a routine equity vesting event with shares withheld to cover tax obligations — common for RSU/DER vesting and not the same as an open-market sale signaling a decision to reduce holdings. The filing shows conversion/vesting and tax withholding rather than an independent discretionary sale or purchase.