Form 4: Expeditors International Director Glenn Alger Reports Stock Transactions

Director Glenn Alger reports acquisition and disposal of Expeditors International stock through various transactions, including a restricted stock award vesting on May 6, 2025.

Summary

• Glenn Alger, a director of Expeditors International of Washington Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report includes transactions involving common stock, including acquisitions and disposals.
• On May 6, 2025, Alger acquired 1,883 shares of common stock through a restricted stock award at no cost.
• Also on May 6, 2025, 1,883 shares were disposed of.
• Following the reported transactions, Alger directly owns 0 shares and indirectly owns 170,000 shares through Alger Family LLC and 196,932 shares through Alger Revocable Trust.
• The restricted stock award vests in full on May 6, 2025, under the company's 2017 Omnibus Incentive Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports transactions. The granting of restricted stock is a slightly positive signal.

Positives

• The acquisition of shares via a restricted stock award indicates confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock award on May 6, 2025, suggests an expectation of continued service and contribution from the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the trading activities of company insiders, allowing investors to gauge management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the director's holdings and recent trading activity.

Key Dates

Keywords

Form 4, Expeditors International, Glenn Alger, Stock Transactions, Beneficial Ownership, Restricted Stock Award, Director