Expeditors officer gets stock grant, withholds for tax

Expeditors International of Washington executive Blake R. Bell reported stock-based compensation activity and related tax withholding.

Rhea-AI Filing Summary

Expeditors International of Washington executive Blake R. Bell reported stock-based compensation activity and related tax withholding. On February 25, 2026, he acquired 17,190 shares of common stock at $0.00 per share from settlement of a 2023 performance share unit award, including dividend equivalents, for the performance period ended December 31, 2025. To cover taxes on this settlement, 6,839 shares were disposed of through issuer share withholding at $138.83 per share. After these transactions, Bell directly owned 67,626.4324 shares of Expeditors common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bell Blake R

Role President Global Business Dev

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	17,190	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	6,839	$138.83	$949K

Holdings After Transaction: Common Stock — 67,626.4324 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Common Stock received upon settlement of a 2023 performance share unit award ("PSU Award"), including Dividend Equivalent Rights, for the annual performance period ended December 31, 2025.
2. F2. Represents shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligation in connection with settlement of a 2023 PSU Award issued net of tax as required by the 2023 award agreement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Blake R. Bell report at EXPD?

Blake R. Bell reported receiving a stock award and related tax withholding. He acquired 17,190 common shares from settling a 2023 performance share unit award and had 6,839 shares withheld by Expeditors to satisfy tax obligations tied to that award.

Was Blake R. Bell’s EXPD Form 4 a stock purchase or sale?

The Form 4 shows a stock grant and tax withholding, not an open-market trade. Bell received 17,190 shares as a performance share unit settlement, while 6,839 shares were withheld by the company to pay taxes on that award.

How many EXPD shares did Blake R. Bell receive from the 2023 PSU award?

He received 17,190 shares of Expeditors common stock from settling a 2023 performance share unit award. The award included dividend equivalent rights and covered the annual performance period ended December 31, 2025, as detailed in the filing footnotes.

Why were 6,839 EXPD shares disposed of in Blake R. Bell’s Form 4?

The 6,839 shares were withheld by Expeditors to cover tax obligations. This withholding occurred in connection with settlement of the 2023 performance share unit award, which was issued net of tax as required by the applicable 2023 award agreement terms.

What is Blake R. Bell’s EXPD share ownership after these transactions?

After the grant and tax withholding transactions, Blake R. Bell directly owned 67,626.4324 Expeditors common shares. This figure reflects the net effect of receiving 17,190 shares from the PSU settlement and the issuer’s withholding of 6,839 shares for taxes.

What role does Blake R. Bell hold at Expeditors International (EXPD)?

Blake R. Bell serves as an officer at Expeditors International of Washington with the title "President Global Business Dev." His Form 4 filing relates to equity compensation received in that capacity, specifically a 2023 performance share unit award settlement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 05:27 PM Learn about SEC filing dates

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

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 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 Business Dev

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		17,190(1)	A	$0	74,465.4324	D
Common Stock	02/25/2026		F		6,839(2)	D	$138.83	67,626.4324	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

Explanation of Responses:

1. Represents shares of Common Stock received upon settlement of a 2023 performance share unit award ("PSU Award"), including Dividend Equivalent Rights, for the annual performance period ended December 31, 2025.

2. Represents shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligation in connection with settlement of a 2023 PSU Award issued net of tax as required by the 2023 award agreement.

	Diane Heffner, Stock Plan Administrator, attorney-in-fact	02/26/2026
	** Signature of Reporting Person	Date
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.
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