Form 4: Expeditors International CFO Bradley Powell Reports Stock Transactions

Senior VP and CFO of Expeditors International, Bradley Powell, reports the vesting and conversion of restricted stock units and dividend equivalent rights, along with the disposition of shares to cover tax obligations.

Summary

• Bradley Powell, Senior VP and CFO of Expeditors International of Washington Inc., filed a Form 4 on May 6, 2024.
• The report details transactions that occurred on May 2, 2024.
• Powell converted 1,722 Restricted Stock Units (RSUs) and 19 Dividend Equivalent Rights (DERs) into common stock.
• He also disposed of 645 shares of common stock to satisfy tax withholding obligations at a price of $111.99 per share.
• Following these transactions, Powell directly owns 5,951.7859 shares of common stock and 3,444 RSUs.
• He also owns 39.694 Dividend Equivalent Rights.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates