Form 4: Expeditors International Officer Kelly K Blacker Reports Changes in Beneficial Ownership

Kelly K Blacker, President of Global Products at Expeditors International, reports acquisition of dividend equivalent rights and updates to their beneficial ownership of common stock.

Summary

• On December 16, 2024, Kelly K Blacker, President of Global Products at Expeditors International of Washington Inc. (EXPD), reported changes in their beneficial ownership.
• Blacker acquired dividend equivalent rights related to the 2022, 2023, and 2024 grants of restricted stock units.
• These rights represent a contingent right to receive the economic equivalent of one common share of the Issuer and vest proportionately with the related restricted stock units.
• The price of the derivative security is $117.78.
• Blacker's holdings include 7,965.3318 shares of common stock, including 199.2508 shares purchased on July 31, 2024, under the company's Employee Stock Purchase Plan.
• Following the reported transactions, Blacker directly owns 31.959 dividend equivalent rights from 2022 RSUs, 36.861 dividend equivalent rights from 2023 RSUs, and 104.224 dividend equivalent rights from 2024 RSUs.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.

Positives

• The acquisition of dividend equivalent rights suggests continued alignment of the officer's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies. It provides transparency regarding the holdings and transactions of company officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Similar filings are expected from officers of comparable companies in the logistics and transportation sector, such as C.H. Robinson Worldwide (CHRW) and UPS (UPS).

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• It assures stakeholders that company leadership has interests aligned with shareholders.

Key Dates