Blacker Kelly K 4

What Happened
Kelly K. Blacker, President, Global Geographies at Expeditors International of Washington (EXPD), was granted three derivative awards on June 15, 2026. The grants are dividend-equivalent rights totaling 78.089 units (14.553; 31.112; 32.424), each recorded at $0.00. These are not cash purchases or stock sales but contingent rights that track the economic equivalent of one common share and vest proportionately with related restricted stock units (RSUs).

Key Details

• Transaction date: 2026-06-15 (filed on Form 4 2026-06-17). Transaction code: A (award/grant/acquisition). Price: $0.00.
• Units awarded: 14.553 (F1), 31.112 (F2), 32.424 (F3) — total 78.089 dividend-equivalent rights.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1–F3 state each dividend equivalent right is a contingent right to receive the economic equivalent of one common share and accrues/vests proportionately with the RSUs from 2024, 2025, and 2026 grants.
• Timeliness: Filing appears timely (transaction 6/15; Form 4 filed 6/17).

Context
These are derivative dividend-equivalent awards tied to previously granted RSUs, meaning they accrue dividend value and will convert to the economic equivalent of shares (or cash equivalent) as the underlying RSUs vest. This is an award/accrual event rather than a market purchase or sale, so it does not directly signal a buy/sell decision.