Wall Daniel R 4

What Happened

• Daniel R. Wall, President and CEO of Expeditors International of Washington (EXPD), had RSUs/DERs vest on May 7, 2026 and converted them into 1,738 common shares. To satisfy tax withholding, 644 shares were surrendered/withheld at $151.24 per share, totaling $97,399. The conversions are reported with $0 exercise price (these were vested awards, not paid option exercises).

Key Details

• Transaction date: May 7, 2026 (Form 4 filed May 11, 2026).
• Shares issued on vesting/conversion: 1,697 + 41 = 1,738 shares at $0.00 (acquired via conversion of RSU/DER).
• Shares withheld for taxes: 644 shares disposed at $151.24 = $97,399 (tax withholding / payment of exercise price or tax liability, code F).
• Net increase in beneficially owned shares from this event: 1,738 − 644 = +1,094 shares.
• Footnote: Each RSU and DER represents a contingent right to receive one common share; the RSUs and DERs vested on May 7, 2026 (F1).
• Filing timeliness: Form filed May 11, 2026 for May 7 transactions; the filing does not indicate a late-file flag in the excerpt provided.

Context

• This was receipt of vested equity awards (RSUs/DERs), not an open-market purchase or a sale for profit. Withholding shares to cover taxes is a common administrative step and does not necessarily signal a buy/sell decision by the insider.
• The report shows conversion/exercise codes for the derivatives (M) and a withholding/tax payment code (F). The $0.00 per-share conversion indicates no cash exercise price for these vested awards.