Form 4: Expeditors International Senior VP Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Christopher J. McClincy, Senior VP and CIO of Expeditors International, reports acquisition of dividend equivalent rights related to restricted stock units.
Summary
- Christopher J. McClincy, Senior VP CIO of Expeditors International of Washington Inc, filed a Form 4 on June 20, 2024.
- The report details the acquisition of dividend equivalent rights related to the 2022 and 2023 grants of restricted stock units.
- On June 17, 2024, McClincy acquired 5.112 dividend equivalent rights related to 2022 RSUs and 9.134 dividend equivalent rights related to 2023 RSUs.
- 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.
- Following the reported transaction, McClincy beneficially owns 24,233.7761 shares of common stock directly.
- He also owns 26.557 dividend equivalent rights related to 2022 RSUs and 27.209 dividend equivalent rights related to 2023 RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for company insiders and provide transparency into their transactions in the company's securities.
Stakeholder Impact
- The acquisition of dividend equivalent rights has a minor impact on shareholders as it reflects ongoing compensation practices.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Transaction date for acquisition of dividend equivalent rights. |
| 06/20/2024 | Date of Form 4 filing. |
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