Form 4: Expeditors CFO Reports Equity Holdings Update

Expeditors International of Washington Inc.'s Senior VP and CFO, David A. Hackett, reported changes in his beneficial ownership, including the acquisition of dividend equivalent rights related to restricted stock units.

Summary

• David A. Hackett, Senior VP CFO of Expeditors International of Washington Inc. (EXPD), filed a Form 4 statement of changes in beneficial ownership.
• Hackett directly beneficially owns 322.072 shares of Common Stock.
• On December 15, 2025, he acquired 1.474 Dividend Equivalent Rights related to 2024 Restricted Stock Units (RSUs).
• Following this transaction, he beneficially owns 7.571 Dividend Equivalent Rights for 2024 RSUs.
• On the same date, he also acquired 2.393 Dividend Equivalent Rights related to 2025 RSUs.
• Following this transaction, he beneficially owns 5.524 Dividend Equivalent Rights for 2025 RSUs.
• Each Dividend Equivalent Right represents a contingent right to receive the economic equivalent of one common share of the Issuer.
• These dividend equivalent rights accrue and vest proportionately with the restricted stock units to which they relate.
• The underlying common stock price for these rights was $151.57.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction filing (Form 4) reporting changes in beneficial ownership related to executive compensation. It does not contain information that would typically drive significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The filing provides transparency regarding executive compensation and equity holdings, which is a standard corporate governance practice.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The reported transactions involve the acquisition of dividend equivalent rights by a Senior VP and CFO from the issuer, which are considered related party transactions as part of executive compensation.

Stakeholder Impact

• Shareholders: Provides transparency into the equity compensation and holdings of a key executive, aligning executive incentives with shareholder value.
• Employees: Reflects standard executive compensation practices within the company.

Key Dates

Recommendation

This Form 4 filing reports routine changes in beneficial ownership for a company executive, specifically the acquisition of dividend equivalent rights as part of their compensation package. It does not contain any new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing provides no new catalysts for a 'buy' or 'sell' decision.

Keywords

Expeditors International, EXPD, Form 4, Insider Trading, Beneficial Ownership, CFO, David A. Hackett, Dividend Equivalent Rights, Restricted Stock Units, Equity Compensation