Insider Blake Bell Reports New RSU Dividend Rights at Expeditors

Q: How many EXPD common shares does Blake R. Bell own after the June 16 2025 transactions?

The Form 4 states Bell directly owns 57,077.7727 EXPD common shares following the reported transactions.

Q: What derivative securities did EXPD’s executive acquire on June 16 2025?

Bell acquired 120.852 dividend-equivalent rights tied to prior RSU grants, each representing the economic value of one common share.

Q: What is the total number of EXPD derivative rights now held by Blake R. Bell?

After the acquisition, Bell holds 260.513 dividend-equivalent rights across his 2023, 2024 and 2025 RSU grants.

Q: What reference price was used for the dividend-equivalent rights in EXPD’s Form 4?

The filing lists a reference price of $115.11 per underlying share for each batch of dividend-equivalent rights.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Expeditors International of Washington (EXPD) filed a routine Form 4 reporting small insider transactions by Blake R. Bell, President – Global Business Development.

On 06/16/2025 Bell automatically acquired dividend-equivalent rights linked to prior restricted stock unit (RSU) awards: 19.91 rights tied to 2023 RSUs, 38.772 rights tied to 2024 RSUs, and 62.17 rights tied to 2025 RSUs. Each right is the economic equivalent of one common share at an indicated reference price of $115.11 per share, representing an aggregate market value of roughly $14 thousand.

No common shares were purchased or sold; Bell’s direct ownership remains 57,077.7727 shares, plus 260.513 derivative rights after the transactions. The filing contains no other material changes, risk factors, or strategic disclosures.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Bell Blake R

Role President Global Business Dev

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights - 2023 RSUs	19.91	$115.11	$2K
Grant/Award	Dividend Equivalent Rights - 2024 RSUs	38.772	$115.11	$4K
Grant/Award	Dividend Equivalent Rights - 2025 RSUs	62.17	$115.11	$7K
holding	Common Stock	--	--	--

Holdings After Transaction: Dividend Equivalent Rights - 2023 RSUs — 89.347 shares (Direct); Dividend Equivalent Rights - 2024 RSUs — 108.996 shares (Direct); Dividend Equivalent Rights - 2025 RSUs — 62.17 shares (Direct); Common Stock — 57,077.7727 shares (Direct)

Footnotes (3)

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 2023 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
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 2024 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
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 2025 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/18/2025 - 05:11 PM

FAQ

How many EXPD common shares does Blake R. Bell own after the June 16 2025 transactions?

The Form 4 states Bell directly owns 57,077.7727 EXPD common shares following the reported transactions.

What derivative securities did EXPD’s executive acquire on June 16 2025?

Bell acquired 120.852 dividend-equivalent rights tied to prior RSU grants, each representing the economic value of one common share.

What is the total number of EXPD derivative rights now held by Blake R. Bell?

After the acquisition, Bell holds 260.513 dividend-equivalent rights across his 2023, 2024 and 2025 RSU grants.

What reference price was used for the dividend-equivalent rights in EXPD’s Form 4?

The filing lists a reference price of $115.11 per underlying share for each batch of dividend-equivalent rights.

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)

STERLING PLAZA 2, 3RD FLOOR

3545 FACTORIA BLVD SE

(Street)

BELLEVUE

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)
06/16/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								57,077.7727	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights - 2023 RSUs	⁽¹⁾	06/16/2025		A		19.91		⁽¹⁾	⁽¹⁾	Common Stock	19.91	$115.11	89.347	D
Dividend Equivalent Rights - 2024 RSUs	⁽²⁾	06/16/2025		A		38.772		⁽²⁾	⁽²⁾	Common Stock	38.772	$115.11	108.996	D
Dividend Equivalent Rights - 2025 RSUs	⁽³⁾	06/16/2025		A		62.17		⁽³⁾	⁽³⁾	Common Stock	62.17	$115.11	62.17	D

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 2023 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 2024 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 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	06/18/2025
	** 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.
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.

Source: View Original Filing on SEC EDGAR