Form 4: Expeditors International Executive Settles Performance Share Units, Acquires Shares
SEC Form 4
Daniel R. Wall, President of Global Geographies at Expeditors International, acquired 762 shares of common stock upon settlement of a performance share unit award and disposed of 346 shares to cover tax obligations.
Summary
- On February 21, 2025, Daniel R. Wall, President of Global Geographies at Expeditors International of Washington Inc., engaged in transactions involving the company's common stock.
- Wall acquired 762 shares of common stock upon the settlement of a 2022 performance share unit (PSU) award, which included Dividend Equivalent Rights, for the performance period ending December 31, 2024.
- The acquisition price was $0.
- Concurrently, Wall disposed of 346 shares of common stock at a price of $117.26 to satisfy tax withholding obligations related to the PSU award settlement.
- Following these transactions, Wall beneficially owns 66,897.9686 shares of Expeditors International common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation and doesn't indicate any significant positive or negative developments for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of granting stock-based compensation to align executive interests with shareholder value.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard process of executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of stock acquisition and disposal. |
| 02/25/2025 | Date of signature by attorney-in-fact. |
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