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  4. [Form 4] EXPEDITORS INTERNATIONAL OF WASHINGTON INC Insider Trading Activity

Expeditors (NASDAQ: EXPD) president granted new dividend equivalent rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bell Blake R reported acquisition or exercise transactions in this Form 4 filing.

Expeditors International of Washington reported that President of Global Business Development Blake R. Bell received new compensation-related awards tied to existing restricted stock units. On June 15, 2026, he was granted Dividend Equivalent Rights linked to 2024, 2025, and 2026 RSU grants, covering 14.5530, 31.1120, and 22.6880 units respectively. Each right represents a contingent right to receive the economic equivalent of one common share and will vest proportionately with the underlying RSUs. Following these awards, Bell’s direct holdings in the company’s common stock are reported at 62,993.4324 shares.

Positive

  • None.

Negative

  • None.
Insider Bell Blake R
Role President Global Business Dev
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights - 2024 RSUs 14.553 $0.00 $0.00
Grant/Award Dividend Equivalent Rights - 2025 RSUs 31.112 $0.00 $0.00
Grant/Award Dividend Equivalent Rights - 2026 RSUs 22.688 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Dividend Equivalent Rights - 2024 RSUs — 84.192 shares (Direct); Dividend Equivalent Rights - 2025 RSUs — 104.813 shares (Direct); Dividend Equivalent Rights - 2026 RSUs — 22.688 shares (Direct); Common Stock — 62,993.4324 shares (Direct)
Footnotes (3)
  1. F1. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2024 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
  2. F2. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2025 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
  3. F3. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2026 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
2024 RSU dividend equivalents 14.5530 units Dividend Equivalent Rights tied to 2024 RSU grant
2025 RSU dividend equivalents 31.1120 units Dividend Equivalent Rights tied to 2025 RSU grant
2026 RSU dividend equivalents 22.6880 units Dividend Equivalent Rights tied to 2026 RSU grant
Common shares held 62,993.4324 shares Direct EXPD common stock held after transactions
Dividend Equivalent Rights financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"The dividend equivalent rights accrued in respect of the 2024 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer."

FAQ

What insider transaction did EXPD executive Blake R. Bell report on this Form 4?
Blake R. Bell reported grants of Dividend Equivalent Rights tied to prior restricted stock unit awards. These are compensation-related derivatives, not open-market stock purchases or sales, and reflect additional rights that track the value of Expeditors International common shares.

How many Dividend Equivalent Rights did EXPD’s Blake R. Bell receive?
Bell received three separate Dividend Equivalent Right grants: 14.5530 units for 2024 RSUs, 31.1120 units for 2025 RSUs, and 22.6880 units for 2026 RSUs. Each unit represents the economic equivalent of one Expeditors common share.

How do the Dividend Equivalent Rights for EXPD’s RSUs vest for Blake R. Bell?
The Dividend Equivalent Rights vest proportionately with their related RSUs. Rights tied to the 2024, 2025, and 2026 restricted stock unit grants follow the same vesting schedule as those RSUs, aligning Bell’s additional economic rights with his long-term equity awards.

What does each Dividend Equivalent Right represent for EXPD’s Blake R. Bell?
Each Dividend Equivalent Right represents a contingent right to receive the economic equivalent of one Expeditors common share. These rights accrue on RSU grants and are designed to mirror the value impact of dividends on the company’s stock over time.

How many EXPD common shares does Blake R. Bell hold after these transactions?
After the reported transactions, Bell directly holds 62,993.4324 common shares of Expeditors International of Washington. This figure reflects his post-transaction ownership as disclosed in the Form 4, alongside the newly granted Dividend Equivalent Rights on his RSU awards.

Were there any open-market stock purchases or sales by Blake R. Bell in this EXPD filing?
No open-market purchases or sales are reported in this Form 4. The filing shows only grants of Dividend Equivalent Rights associated with existing RSU awards and an updated report of Bell’s direct common stock holdings after these compensation-related grants.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bell Blake R
(Last)(First)(Middle)
3545 FACTORIA BLVD SE
STERLING PLAZA 2, 3RD FLOOR
(Street)
BELLEVUE WASHINGTON 98006
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EXPEDITORS INTERNATIONAL OF WASHINGTON INC [ EXPD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President Global Business Dev
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock62,993.4324D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights - 2024 RSUs$006/15/2026A14.553 (1) (1)Common Stock14.553$084.192D
Dividend Equivalent Rights - 2025 RSUs$006/15/2026A31.112 (2) (2)Common Stock31.112$0104.813D
Dividend Equivalent Rights - 2026 RSUs$006/15/2026A22.688 (3) (3)Common Stock22.688$022.688D
Explanation of Responses:
1. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2024 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
2. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2025 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
3. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of the Issuer. The dividend equivalent rights accrued in respect of the 2026 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
Diane Heffner, Stock Plan Administrator, attorney-in-fact06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR