Form 4: Expeditors International Officer Kelly K. Blacker Reports Stock Transactions

Kelly K. Blacker, President of Global Products at Expeditors International, reports the acquisition and disposal of common stock and restricted stock units on May 3, 2024.

Summary

• On May 3, 2024, Kelly K. Blacker, President of Global Products at Expeditors International of Washington Inc., engaged in multiple transactions involving the company's common stock and restricted stock units (RSUs).
• These transactions included the vesting and conversion of RSUs into common stock, as well as the disposal of shares to cover tax obligations.
• Blacker acquired 845 shares and 21 shares of common stock upon the vesting of RSUs and dividend equivalent rights, respectively.
• Additionally, 760.834 and 26.166 shares were acquired through the vesting of RSUs and dividend equivalent rights.
• Simultaneously, Blacker disposed of 341 and 310 shares of common stock to satisfy tax withholding requirements at a price of $113.91 per share.
• Following these transactions, Blacker directly owns 7,766.081 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.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, 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 change in ownership by a company officer.
• Employees holding RSUs may be interested in the vesting schedule and tax implications.

Key Dates