Hackett David A 4
4 · EXPEDITORS INTERNATIONAL OF WASHINGTON INC · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Expeditors (EXPD) CFO David Hackett Receives Award
What Happened
David A. Hackett, Senior Vice President and CFO of Expeditors International of Washington (EXPD), received three awards on June 15, 2026 totaling 26.603 dividend-equivalent rights (0.722, 1.571 and 24.31 units). Each was reported as an award/acquisition (code A) at $0.00 — these are derivative rights tied to restricted stock units (RSUs), not open-market purchases.
Key Details
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely).
- Transaction type/code: Award/Grant (A); reported acquisition price $0.00 because these are contingent dividend-equivalent rights.
- Units granted: 0.722 + 1.571 + 24.31 = 26.603 dividend-equivalent rights.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1–F3 state these are dividend-equivalent rights that accrue with 2024, 2025 and 2026 RSU grants respectively and vest proportionately with the underlying RSUs.
Context
These are derivative, compensation-related awards (dividend-equivalent rights tied to RSUs), meaning no cash was paid and no immediate common shares were transferred. Such grants are routine executive compensation and do not by themselves indicate buying or selling intent. For retail investors, outright purchases are generally a stronger signal than compensation awards.
Insider Transaction Report
- Award
Dividend Equivalent Rights - 2024 RSUs
[F1]2026-06-15+0.722→ 4.293 totalExercise: $0.00→ Common Stock (0.722 underlying) - Award
Dividend Equivalent Rights - 2025 RSUs
[F2]2026-06-15+1.571→ 6.095 totalExercise: $0.00→ Common Stock (1.571 underlying) - Award
Dividend Equivalent Rights - 2026 RSUs
[F3]2026-06-15+24.31→ 24.31 totalExercise: $0.00→ Common Stock (24.31 underlying)
- 548.072
Common Stock
Footnotes (3)
- [F1]Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2024 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
- [F2]Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2025 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
- [F3]Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2026 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.