Form 4: Expeditors International Executive Benjamin G. Clark Reports Stock Transactions

Benjamin G. Clark, SVP Chief Strategy Officer at Expeditors International, reports the vesting and conversion of restricted stock units and dividend equivalent rights into common stock, along with the disposal of shares to cover tax obligations.

Summary

• On May 3, 2024, Benjamin G. Clark, SVP Chief Strategy Officer of Expeditors International of Washington Inc., engaged in multiple transactions involving common stock and restricted stock units (RSUs).
• Clark converted 845 RSUs into common stock and received 21 shares from dividend equivalent rights.
• He also converted 760.834 and 26.166 RSUs into common stock.
• Simultaneously, Clark disposed of 341 and 310 shares of common stock to satisfy tax withholding obligations at a price of $113.91 per share.
• Following these transactions, Clark directly owns 20,684.104 shares of Expeditors International common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's stock activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in the number of shares outstanding from RSU conversions and the subsequent sale of shares for tax purposes.

Key Dates