Wall Daniel R 4

What Happened

• Daniel R. Wall, President and CEO of Expeditors International of Washington, received three derivative awards on June 15, 2026: 8.626, 93.63 and 100.487 dividend-equivalent rights (total 202.743). Each award was recorded at $0.00 (these are contingent, derivative awards tied to restricted stock units rather than a cash purchase or sale).
• The filing shows acquisition code A (grant/award). The reported dollar value for each line is $0 because these are dividend-equivalent rights that accrue on RSU grants and vest with the underlying RSUs.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (no late filing indicated in this report).
• Items granted: 8.626 (related to 2024 RSU grant, F1), 93.63 (related to 2025 RSU grant, F2), 100.487 (related to 2026 RSU grant, F3); total = 202.743 contingent dividend-equivalent rights.
• Price reported: $0.00 per right (derivative award), total reported value $0 on the Form 4 lines.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1–F3 confirm each dividend-equivalent right represents a contingent right to receive the economic equivalent of one common share and that these rights vest proportionately with their related RSUs.

Context

• These are awards/dividend-equivalent rights tied to previously granted restricted stock units (compensation), not open-market purchases or sales; they do not represent immediate cash proceeds or share sales.
• For retail investors, such awards are routine executive compensation and should be viewed as non-trading grants that crystallize economic exposure as the underlying RSUs vest.