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

Expeditors (NASDAQ: EXPD) counsel receives new dividend equivalent rights

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

Rhea-AI Filing Summary

Dickerman Jeffrey F reported acquisition or exercise transactions in this Form 4 filing.

EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported routine equity compensation activity for Senior VP/General Counsel/Corporate Secretary Jeffrey F. Dickerman. He received small grants of dividend equivalent rights tied to prior restricted stock unit awards for 2024, 2025, and 2026, each representing the economic equivalent of one common share and vesting proportionately with the related RSUs. Following these entries, he directly holds 10,366.6674 common shares, and maintains modest balances of dividend equivalent rights associated with his RSU grants.

Positive

  • None.

Negative

  • None.
Insider Dickerman Jeffrey F
Role Senior VP/Gen Counsel/Corp Sec
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights - 2024 RSUs 3.833 $0.00 $0.00
Grant/Award Dividend Equivalent Rights - 2025 RSUs 9.803 $0.00 $0.00
Grant/Award Dividend Equivalent Rights - 2026 RSUs 10.049 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Dividend Equivalent Rights - 2024 RSUs — 22.299 shares (Direct); Dividend Equivalent Rights - 2025 RSUs — 33.363 shares (Direct); Dividend Equivalent Rights - 2026 RSUs — 10.049 shares (Direct); Common Stock — 10,366.6674 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 shares held 10,366.6674 shares Direct EXPD common stock holdings following transactions
2026 RSU dividend equivalents granted 10.0490 rights Dividend Equivalent Rights - 2026 RSUs, grant on 2026-06-15
2025 RSU dividend equivalents granted 9.8030 rights Dividend Equivalent Rights - 2025 RSUs, grant on 2026-06-15
2024 RSU dividend equivalents granted 3.8330 rights Dividend Equivalent Rights - 2024 RSUs, grant on 2026-06-15
2026 RSU dividend equivalents outstanding 10.0490 rights Total dividend equivalent rights following 2026 RSU transaction
2025 RSU dividend equivalents outstanding 33.3630 rights Total dividend equivalent rights following 2025 RSU transaction
2024 RSU dividend equivalents outstanding 22.2990 rights Total dividend equivalent rights following 2024 RSU transaction
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Senior VP/Gen Counsel/Corp Sec financial
"officer_title: Senior VP/Gen Counsel/Corp Sec"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider activity did EXPD executive Jeffrey F. Dickerman report on this Form 4?
Jeffrey F. Dickerman reported grants of dividend equivalent rights linked to existing restricted stock units. These awards are compensation-related, provide the economic value of EXPD common shares as dividends accrue, and vest over time alongside the underlying RSUs already granted to him.

How many dividend equivalent rights did the EXPD executive receive in this filing?
The executive received 10.0490 dividend equivalent rights for 2026 RSUs, 9.8030 for 2025 RSUs, and 3.8330 for 2024 RSUs. Each right tracks the economic value of one EXPD common share and vests in step with its corresponding restricted stock unit grant.

What are dividend equivalent rights in the context of EXPD’s RSU awards?
Dividend equivalent rights give the holder a contingent right to receive the economic equivalent of one EXPD common share for each right. For this executive, they accrue on existing RSU grants for 2024, 2025, and 2026 and vest proportionately as those underlying RSUs vest over time.

Did Jeffrey F. Dickerman buy or sell EXPD common stock in this Form 4?
The Form 4 does not show any open-market purchases or sales of EXPD common stock. It reports only compensation-related grants of dividend equivalent rights tied to existing restricted stock units, plus an updated holding line for his directly owned common shares.

How many EXPD common shares does the reporting person hold after these transactions?
After these reported entries, the executive directly holds 10,366.6674 EXPD common shares. This figure reflects his position as of the transaction date and is separate from the additional dividend equivalent rights that track the economic value of future dividends on his RSU awards.
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*
Dickerman Jeffrey F
(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)
Senior VP/Gen Counsel/Corp Sec
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 Stock10,366.6674D
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$006/15/2026A3.833 (1) (1)Common Stock3.833$022.299D
Dividend Equivalent Rights - 2025 RSUs$006/15/2026A9.803 (2) (2)Common Stock9.803$033.363D
Dividend Equivalent Rights - 2026 RSUs$006/15/2026A10.049 (3) (3)Common Stock10.049$010.049D
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