Schoonover Gabe O 4

What Happened

• Gabe O. Schoonover, SVP — Global Ent Svc & CSO at Expeditors International of Washington (EXPD), was granted dividend-equivalent rights that total 8.96 derivative shares. The awards were recorded on 2026-06-15 as three separate grants: 0.738 shares (F1), 1.419 shares (F2) and 6.803 shares (F3). Each was acquired at $0.00 and reported as a derivative award (transaction code A).
• These are not open-market purchases or sales. They represent contingent rights to the economic equivalent of common shares (dividend equivalents) that accrue in respect of prior restricted stock unit (RSU) grants and vest proportionately with those RSUs.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely filing).
• Grants: 0.738 (F1), 1.419 (F2), 6.803 (F3) — total 8.96 derivative shares; price per award reported $0.00.
• Transaction type: A = Award/Grant (derivative dividend-equivalent rights tied to RSUs).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 = dividend equivalents related to the 2024 RSU grant; F2 = related to the 2025 RSU grant; F3 = related to the 2026 RSU grant. Each vests proportionately with the underlying RSUs.

Context

• Dividend-equivalent rights are a form of compensation and do not involve an immediate cash purchase or sale of company stock; they simply entitle the holder to the economic equivalent of dividends as the underlying RSUs vest.
• Such awards are routine executive compensation and do not necessarily signal a change in the insider’s market view; they differ from outright purchases, which are often viewed as more bullish.