Hackett David A 4

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.