Form 4: Expeditors International Director Glenn M. Alger Reports Stock Transactions
SEC Form 4 Filing
Director Glenn M. Alger reports transactions involving Expeditors International of Washington Inc. stock, including acquisitions and disposals related to restricted stock awards.
Summary
- Glenn M. Alger, a director of Expeditors International of Washington Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 7, 2024, Alger acquired 1,740 shares of common stock through a restricted stock award that vested in full on the same day.
- These shares were granted at no cost under the company's 2017 Omnibus Incentive Plan.
- Also on May 7, 2024, Alger disposed of 1,740 shares of common stock through a gift.
- Following these transactions, Alger directly owns 0 shares and indirectly owns 195,049 shares through the Alger Revocable Trust and 170,000 shares through Alger Family LLC.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The granting of restricted stock awards aligns the director's interests with those of the company and its shareholders.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a company director, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of stock acquisition and disposal, and vesting date of restricted stock award. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.