Hawkins Courtney A 4

What Happened Courtney A. Hawkins, Senior Vice President and Chief Investment Officer of Expeditors International of Washington, Inc. (EXPD), was awarded two sets of dividend-equivalent rights on June 15, 2026. The filing shows grants of 8.197 and 10.049 dividend-equivalent rights (total 18.246), recorded as derivative awards with $0.00 paid (award code A). These rights are tied to restricted stock units (RSUs) rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-06-15; Filing date: 2026-06-17 (appears timely — two days after the transaction).
• Awards: 8.197 DERs (footnote F1) and 10.049 DERs (footnote F2); price reported $0.00 (no cash outlay).
• Nature: Derivative awards (dividend-equivalent rights) that accrue and vest with the underlying RSUs.
• Shares owned after transaction: not disclosed in the Form 4 filing.
• Footnotes: F1 = DERs tied to the 2025 RSU grant and vest proportionately with those RSUs. F2 = DERs tied to the 2026 RSU grant and vest proportionately with those RSUs.

Context Dividend-equivalent rights are compensation-related contingent rights to receive the economic equivalent of shares (or cash value) as the related RSUs vest. This is an award/grant transaction (not a market purchase or sale) and is generally part of routine executive compensation; it does not by itself indicate buying or selling sentiment.