Form 4: Expeditors International Officer Acquires Dividend Equivalent Rights

Jeffrey F. Dickerman, Senior VP/Gen Counsel/Corp Sec of Expeditors International, reports acquisition of dividend equivalent rights related to restricted stock units.

Summary

• On June 17, 2024, Jeffrey F. Dickerman, a Senior VP/Gen Counsel/Corp Sec at Expeditors International of Washington Inc, acquired dividend equivalent rights related to previously granted restricted stock units (RSUs).
• These rights are associated with the 2022, 2023, and 2024 RSU grants.
• Specifically, Dickerman acquired 5.112 dividend equivalent rights related to the 2022 RSUs, 9.134 related to the 2023 RSUs, and 13.346 related to the 2024 RSUs.
• Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of Expeditors International.
• The price of the underlying common stock for these acquisitions is $123.73.
• Following these transactions, Dickerman directly owns 7,197.5163 shares of common stock, 26.557 dividend equivalent rights related to 2022 RSUs, 27.209 dividend equivalent rights related to 2023 RSUs and 13.346 dividend equivalent rights related to 2024 RSUs.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation arrangements.

Key Dates