Martinez Roberto A 4

What Happened Roberto A. Martinez, President, Global Products at Expeditors International of Washington (EXPD), was granted a total of 51.063 derivative units on June 15, 2026. The filing reports three awards: 4.587, 18.92 and 27.556 units, each recorded at $0.00 (transaction code A — grant/award). These are dividend-equivalent rights that accrue with previously awarded restricted stock units (RSUs) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-15; filing date (Form 4): 2026-06-17 (filed two days after the reported transaction).
• Units granted: 4.587 (F1), 18.92 (F2), 27.556 (F3) — total 51.063 units; reported acquisition price $0.00 (derivative awards).
• Shares owned after transaction: not specified in the provided transaction summary.
• Footnotes: F1–F3 state each unit is a dividend equivalent right that accrues in respect of RSU grants from 2024, 2025 and 2026 and vests proportionately with those RSUs.
• Timeliness: filing appears timely (Form 4 filed shortly after the June 15 transaction); no late-filing flag was indicated.

Context Dividend-equivalent rights are contingent claims to the economic equivalent of one common share and typically pay out (or convert) in cash or shares as the underlying RSUs vest. These awards do not represent an open-market purchase or sale and involve no cash outlay by the insider at grant. For retail investors, grants and dividend-equivalent accruals are routine compensation events; purchases may signal stronger direct insider conviction than routine awards.