Expeditors International of Washington (EXPD) insider updates equity holdings

Rhea-AI Filing Summary

Expeditors International of Washington Inc. reported an insider equity update involving dividend equivalent rights tied to restricted stock units.

On 12/15/2025, an officer received 4.009, 7.806, and 14.974 dividend equivalent rights related to the company’s 2023, 2024, and 2025 RSU grants, each representing the economic equivalent of one common share at $151.57 per share. After these transactions, the insider directly beneficially owned 6,150.6674 common shares and held 28.113, 36.466, and 34.56 dividend equivalent rights for the 2023, 2024, and 2025 grants, respectively.

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

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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 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)
	Senior VP/Gen Counsel/Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								6,150.6674	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
Dividend Equivalent Rights - 2023 RSUs	(1)	12/15/2025		A		4.009		(1)	(1)	Common Stock	4.009	$151.57	28.113	D
Dividend Equivalent Rights - 2024 RSUs	(2)	12/15/2025		A		7.806		(2)	(2)	Common Stock	7.806	$151.57	36.466	D
Dividend Equivalent Rights - 2025 RSUs	(3)	12/15/2025		A		14.974		(3)	(3)	Common Stock	14.974	$151.57	34.56	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	12/17/2025
	** 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).
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FAQ

What insider activity did EXPD report in this Form 4 filing?

The filing shows that an officer of Expeditors International of Washington Inc. acquired dividend equivalent rights tied to 2023, 2024, and 2025 restricted stock unit grants, and updated the total number of common shares and derivative rights beneficially owned.

How many dividend equivalent rights did the EXPD officer acquire on 12/15/2025?

On 12/15/2025, the officer acquired 4.009 dividend equivalent rights for the 2023 RSUs, 7.806 for the 2024 RSUs, and 14.974 for the 2025 RSUs, each tied to one common share.

What do the dividend equivalent rights reported by EXPD represent?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share of Expeditors International. They accrue on the company’s RSU grants and vest proportionately with the related restricted stock units.

What was the reference share price for the EXPD dividend equivalent rights?

The dividend equivalent rights reported for the 2023, 2024, and 2025 RSU grants were linked to Expeditors International common stock at a price of $151.57 per share.

How many EXPD common shares did the insider own after these transactions?

Following the reported transactions, the officer beneficially owned 6,150.6674 common shares of Expeditors International of Washington Inc., held directly.

How many dividend equivalent rights does the EXPD insider hold after the transactions?

After the 12/15/2025 transactions, the officer held 28.113 dividend equivalent rights for the 2023 RSUs, 36.466 for the 2024 RSUs, and 34.56 for the 2025 RSUs.