Expeditors (NASDAQ: EXPD) CFO exercises RSUs and covers taxes with shares
Rhea-AI Filing Summary
EXPEDITORS INTERNATIONAL OF WASHINGTON INC Senior VP - CFO David A. Hackett reported routine equity compensation activity. On May 6, 2026, restricted stock units and related dividend equivalent rights vested, each representing the economic equivalent of one common share.
Hackett exercised derivative awards to acquire 157 common shares through conversions of RSUs and dividend equivalent rights, while 40 shares of common stock were disposed of to cover tax liabilities at $153.08 per share. Following these transactions, he directly holds 439.072 common shares, along with 312 restricted stock units and 4.524 dividend equivalent rights, indicating a small, compensation-driven adjustment rather than an open‑market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 117 shares
Net Buy
5 txns
Insider
Hackett David A
Role
Senior VP - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - 2025 RSUs | 156 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights - 2025 RSUs | 1 | $0.00 | $0.00 |
| Exercise | Common Stock | 156 | $0.00 | $0.00 |
| Exercise | Common Stock | 1 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 40 | $153.08 | $6K |
Holdings After Transaction:
Restricted Stock Units - 2025 RSUs — 312 shares (Direct);
Dividend Equivalent Rights - 2025 RSUs — 4.524 shares (Direct);
Common Stock — 439.072 shares (Direct)
Footnotes (1)
- F1. Each RSU and DER represent a contingent right to receive the economic equivalent of one common shares of the issuer. The RSUs and DERs vested on May 6, 2026.
Key Figures
Tax-withholding shares: 40 shares
Tax-withholding price: $153.08/share
Shares from derivative exercises: 157 shares
+3 more
6 metrics
Tax-withholding shares
40 shares
Common stock disposed to cover taxes at $153.08 per share on May 6, 2026
Tax-withholding price
$153.08/share
Price for 40 common shares used to satisfy tax liability
Shares from derivative exercises
157 shares
Common shares acquired via exercises/conversions of RSUs and dividend equivalent rights
Direct common shares after transactions
478.072 shares
Direct EXPD common stock holdings of CFO after May 6, 2026 activity
RSUs remaining
312.0000 units
Restricted Stock Units - 2025 RSUs held after derivative transaction
Dividend equivalent rights remaining
4.5240 units
Dividend Equivalent Rights - 2025 RSUs held after derivative transaction
Key Terms
Restricted Stock Units, Dividend Equivalent Rights, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units - 2025 RSUs"
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.
Dividend Equivalent Rights financial
"Dividend Equivalent Rights - 2025 RSUs"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
contingent right to receive the economic equivalent financial
"Each RSU and DER represent a contingent right to receive the economic equivalent"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did EXPD CFO David A. Hackett report in this Form 4 filing?
David A. Hackett reported equity compensation activity, not an open-market trade. RSUs and dividend equivalent rights vested into 157 common shares, with 40 shares withheld for taxes, updating his direct and derivative-based holdings in Expeditors International of Washington (EXPD).
What EXPD equity awards does the CFO still hold after vesting?
Following the reported activity, the CFO continues to hold 312 restricted stock units and 4.524 dividend equivalent rights tied to EXPD common stock. Each RSU and dividend equivalent right represents a contingent right to receive the economic equivalent of one common share.
Were the EXPD transactions open-market buys or sells by the CFO?
The filing shows no open-market buys or sells of EXPD stock. Instead, it records derivative exercises of RSUs and dividend equivalent rights and a tax-withholding disposition, a routine compensation-related adjustment rather than discretionary trading in the company’s shares.