Expeditors International of Washington Inc (EXPD) insider updates share-based awards

Rhea-AI Filing Summary

Expeditors International of Washington Inc reported that its officer, President, Global Products, filed an update on equity holdings as of 12/15/2025. The report shows 2,269.6826 shares of common stock beneficially owned directly, including 199.3676 shares purchased on July 31, 2025 under the company’s 2002 Employee Stock Purchase Plan.

The officer also acquired dividend equivalent rights tied to restricted stock units granted in 2023, 2024 and 2025. These new rights cover 0.787, 9.343 and 28.905 underlying common shares, respectively, at a reference price of $151.57, bringing total dividend equivalent rights to 5.618, 44.399 and 66.713 for the 2023, 2024 and 2025 RSU grants. Each right represents a contingent claim to the economic value of one common share and vests proportionately with the related RSUs.

SEC Form 4

FORM 4

UNITED 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

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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^*

Martinez Roberto A

(Last) (First) (Middle)

3545 FACTORIA BLVD SE

STERLING PLAZA 2, 3RD FLOOR

(Street)

BELLEVUE WA 98006

(City) (State) (Zip)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Global Products

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								2,269.6826(1)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights - 2023 RSUs	(2)	12/15/2025		A		0.787		(2)	(2)	Common Stock	0.787	$151.57	5.618	D
Dividend Equivalent Rights - 2024 RSUs	(3)	12/15/2025		A		9.343		(3)	(3)	Common Stock	9.343	$151.57	44.399	D
Dividend Equivalent Rights - 2025 RSUs	(4)	12/15/2025		A		28.905		(4)	(4)	Common Stock	28.905	$151.57	66.713	D

Explanation of Responses:

1. Balance of Common Stock beneficially owned includes 199.3676 shares purchased on July 31, 2025 under Expeditors International of Washington, Inc.'s 2002 Employee Stock Purchase Plan.

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 2023 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 2024 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.

4. 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.

	Diane Heffner, Stock Plan Administrator, attorney-in-fact	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Expeditors International of Washington (EXPD) report?

The report shows an officer updating equity holdings as of 12/15/2025, including acquisitions of dividend equivalent rights related to restricted stock units granted in 2023, 2024 and 2025.

Who is the reporting person and what is their role at Expeditors (EXPD)?

The reporting person is an officer of Expeditors International of Washington Inc, serving as President, Global Products, and is filing individually as one reporting person.

How many Expeditors (EXPD) common shares does the officer beneficially own?

The officer beneficially owns 2,269.6826 shares of Expeditors common stock directly. This balance includes 199.3676 shares purchased on July 31, 2025 under the company’s 2002 Employee Stock Purchase Plan.

What dividend equivalent rights were acquired in this Expeditors (EXPD) Form 4?

The officer acquired dividend equivalent rights linked to RSUs granted in 2023, 2024 and 2025, covering 0.787, 9.343 and 28.905 underlying common shares, respectively, at a reference price of $151.57 per share.

What are dividend equivalent rights in this Expeditors (EXPD) insider report?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one Expeditors common share. The rights accrued on the 2023, 2024 and 2025 RSU grants and vest proportionately with the related restricted stock units.

How many dividend equivalent rights does the Expeditors (EXPD) officer hold after these transactions?

After the reported transactions, the officer beneficially holds 5.618 dividend equivalent rights related to 2023 RSUs, 44.399 related to 2024 RSUs, and 66.713 related to 2025 RSUs, all as direct holdings.

Is the Expeditors (EXPD) officer’s ownership in this report direct or indirect?

Both the 2,269.6826 common shares and the dividend equivalent rights reported in Table II are shown as direct (D) beneficial ownership.