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

Expeditors (EXPD) executive receives dividend equivalent rights tied to RSUs

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

Rhea-AI Filing Summary

Blacker Kelly K reported acquisition or exercise transactions in this Form 4 filing.

EXPEDITORS INTERNATIONAL OF WASHINGTON INC executive Kelly K. Blacker, President, Global Geographies, reported routine equity-related activity. On June 15, 2026, she received grants of dividend equivalent rights tied to previously awarded restricted stock units for 2024, 2025, and 2026. Each dividend equivalent right represents a contingent right to the economic value of one common share and will vest in step with the related restricted stock units. Following these updates, Blacker directly holds 18,207.9915 shares of common stock, alongside the newly reported dividend equivalent rights.

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Insider Blacker Kelly K
Role President, Global Geographies
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 32.424 $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 — 32.424 shares (Direct); Common Stock — 18,207.9915 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.
Common stock holdings 18,207.9915 shares Directly held after transactions on June 15, 2026
2026 RSU dividend equivalents 32.4240 rights Dividend Equivalent Rights - 2026 RSUs granted at $0.0000
2025 RSU dividend equivalents 31.1120 rights Dividend Equivalent Rights - 2025 RSUs granted at $0.0000
2024 RSU dividend equivalents 14.5530 rights Dividend Equivalent Rights - 2024 RSUs granted at $0.0000
Derivative transactions count 3 transactions All coded as A (grant, award, or other acquisition)
Dividend Equivalent Rights financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share"
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"
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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider activity did EXPD executive Kelly Blacker report on this Form 4?
Kelly K. Blacker reported grants of dividend equivalent rights linked to existing restricted stock units. These awards provide the economic equivalent of common shares as dividends accrue and vest over time with the underlying RSUs, reflecting routine equity-based compensation rather than open-market trading.

How many dividend equivalent rights did EXPD grant to Kelly Blacker?
Blacker received 32.4240 dividend equivalent rights tied to 2026 RSUs, 31.1120 tied to 2025 RSUs, and 14.5530 tied to 2024 RSUs. Each right represents the economic value of one EXPD common share, vesting proportionately with the corresponding restricted stock units.

What does a dividend equivalent right mean for EXPD shareholders and executives?
A dividend equivalent right gives an executive the economic equivalent of dividends on one common share. For EXPD, these rights accrue on outstanding RSUs and vest at the same pace as the related RSU awards, aligning compensation value with shareholder dividend payments over the vesting period.

How many EXPD common shares does Kelly Blacker hold after these transactions?
After the reported activity, Blacker directly holds 18,207.9915 shares of EXPD common stock. This figure reflects her ongoing equity stake in the company, separate from the additional dividend equivalent rights associated with her outstanding restricted stock unit grants.

Are the EXPD dividend equivalent rights grants open-market purchases or sales?
The reported dividend equivalent rights for EXPD are compensation-related grants, not open-market purchases or sales. They are awarded at a price of $0.0000 per right and vest together with the existing restricted stock units from the 2024, 2025, and 2026 equity award cycles.
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*
Blacker Kelly K
(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 Geographies
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 Stock18,207.9915D
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$006/15/2026A32.424 (3) (3)Common Stock32.424$032.424D
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