Expeditors (EXPD) president exercises 2,932 RSUs, retains about 19K shares
Rhea-AI Filing Summary
EXPEDITORS INTERNATIONAL OF WASHINGTON INC executive Kelly K. Blacker, President, Global Geographies, reported routine equity compensation activity involving restricted stock units and related dividend equivalents.
On May 7, 2026, RSUs and dividend equivalent rights vested, and she exercised derivative rights into 2,932 shares of common stock. In connection with this vesting, 1,085 shares of common stock were withheld at $151.24 per share to cover tax obligations, a tax-withholding disposition rather than an open-market sale. After these transactions, she directly owned about 18,207.9915 shares of common stock. All related RSU and dividend equivalent derivative positions referenced in this filing were converted on vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,847 shares
Net Buy
5 txns
Insider
Blacker Kelly K
Role
President, Global Geographies
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - 2024 RSUs | 2,863 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights - 2024 RSUs | 69 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,863 | $0.00 | $0.00 |
| Exercise | Common Stock | 69 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,085 | $151.24 | $164K |
Holdings After Transaction:
Restricted Stock Units - 2024 RSUs — 2,863 shares (Direct);
Dividend Equivalent Rights - 2024 RSUs — 69.639 shares (Direct);
Common Stock — 18,207.9915 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 7, 2026.
Key Figures
Tax-withheld shares: 1,085 shares
Tax reference price: $151.24/share
RSU and DER exercises: 2,932 shares
+4 more
7 metrics
Tax-withheld shares
1,085 shares
Shares withheld to cover tax obligations at $151.24 per share
Tax reference price
$151.24/share
Value used for 1,085-share tax-withholding disposition
RSU and DER exercises
2,932 shares
Common shares from derivative exercises on May 7, 2026
Post-transaction holdings
19,223.9915 shares
Common stock directly owned after reported transactions
Dividend Equivalent Rights exercised
69 shares
Common shares underlying 2024 DERs converted on vesting
Restricted Stock Units exercised
2,863 shares
Common shares underlying 2024 RSUs converted on vesting
Exercise transactions count
2 exercises
Derivative exercise events in transaction summary
Key Terms
Restricted Stock Units, Dividend Equivalent Rights, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units - 2024 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 - 2024 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 security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right 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 insider transactions did Kelly K. Blacker report at EXPD?
Kelly K. Blacker reported RSU-related transactions, exercising rights into 2,932 common shares and having 1,085 shares withheld for taxes. These moves reflect equity compensation vesting, not open-market buying or selling activity, and leave her with 19,223.9915 directly held shares.
What are the 2024 RSUs and dividend equivalent rights mentioned for EXPD?
The 2024 RSUs and dividend equivalent rights are equity awards that each represent a contingent right to the economic equivalent of one EXPD common share. According to the disclosure, these RSUs and DERs vested on May 7, 2026, and were then converted into common stock.