Form 4: Expeditors International Executive Benjamin G. Clark Reports Stock Transactions
SEC Form 4 Filing
Benjamin G. Clark, SVP Chief Strategy Officer at Expeditors International, reports the vesting and subsequent transactions of Restricted Stock Units (RSUs) and Dividend Equivalent Rights.
Summary
- On May 2, 2024, Benjamin G. Clark, SVP Chief Strategy Officer of Expeditors International of Washington Inc., reported transactions involving common stock, Restricted Stock Units (RSUs), and Dividend Equivalent Rights (DERs).
- Clark exercised 765 RSUs and 8 DERs, which converted into common stock.
- Following these transactions, Clark directly owns 19,682.104 shares of common stock.
- A disposition of 305 shares occurred at a price of $111.99.
- Clark also holds 1,530 RSUs and 18.075 DERs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and provides transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's stock ownership.
- The transactions are part of the executive's compensation and may impact employee morale.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of earliest transaction: vesting of RSUs and DERs, and subsequent stock transactions. |
| 05/06/2024 | Date of signature by Diane Heffner, Stock Plan Administrator, attorney-in-fact. |
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