Form 4: Expeditors International Senior VP CIO, Christopher J. McClincy, Reports Stock Transactions

Christopher J. McClincy, Senior VP CIO of Expeditors International, reports the vesting and conversion of Restricted Stock Units (RSUs) and Dividend Equivalent Rights (DERs) into common stock, along with a disposition of shares to cover tax obligations.

Summary

• On May 2, 2024, Christopher J. McClincy, Senior VP CIO of Expeditors International of Washington Inc, engaged in transactions involving common stock and derivative securities.
• Specifically, 765 Restricted Stock Units (RSUs) and 8 Dividend Equivalent Rights (DERs) vested and were converted into common stock.
• Following the conversion, McClincy disposed of 305 shares of common stock at a price of $111.99 to satisfy tax obligations.
• After these transactions, McClincy beneficially owns 23,231.7761 shares of common stock directly and 1,530 Restricted Stock Units and 18.075 Dividend Equivalent Rights.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, 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 have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates