STOCK TITAN

Expeditors (EXPD) exec nets shares after RSU vesting and tax withholding

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EXPEDITORS INTERNATIONAL OF WASHINGTON INC executive Roberto A. Martinez reported routine equity-compensation activity. On May 1, 2026, his Restricted Stock Units (RSUs) and associated dividend equivalent rights vested, converting into a total of about 156 common shares.

To cover tax obligations, Martinez had 63 common shares withheld in a tax-withholding disposition at $147.89 per share. After these compensation-related transactions, he directly holds approximately 2,362.68 common shares of Expeditors. No open‑market purchases or sales were reported.

Positive

  • None.

Negative

  • None.
Insider Martinez Roberto A
Role President, Global Products
Type Security Shares Price Value
Grant/Award Restricted Stock Units ("RSUs") 0.382 $0.00 $0.00
Exercise Restricted Stock Units ("RSUs") 150.382 $0.00 $0.00
Exercise Dividend Equivalent Rights - 2023 RSUs 5.618 $0.00 $0.00
Exercise Common Stock 150.382 $0.00 $0.00
Exercise Common Stock 5.618 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 63 $147.89 $9K
Holdings After Transaction: Restricted Stock Units ("RSUs") — 0 shares (Direct); Dividend Equivalent Rights - 2023 RSUs — 0 shares (Direct); Common Stock — 2,362.6826 shares (Direct)
Footnotes (1)
  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 1, 2026.
Tax-withholding shares 63 shares Common stock withheld for taxes at $147.89 on May 1, 2026
Tax-withholding price $147.89 per share Value used for 63-share tax-withholding disposition
RSU-derived shares 150.382 shares Common stock from RSU conversion on May 1, 2026
Dividend equivalent shares 5.618 shares Common stock from dividend equivalent rights conversion
Shares after transactions 2,362.6826 shares Direct EXPD common stock holdings following reported activity
Total exercise shares 156 shares Aggregate derivative exercise/conversion shares in transaction summary
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Dividend Equivalent Rights financial
"Dividend Equivalent Rights - 2023 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""

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What did Roberto Martinez report in his latest EXPD Form 4 filing?

Roberto A. Martinez reported vesting and settlement of RSU-based awards that converted into common stock. The filing shows derivative exercises and a tax-withholding share disposition, all tied to equity compensation rather than open-market buying or selling of EXPD shares.

How many Expeditors (EXPD) shares were withheld for Roberto Martinez's taxes?

The Form 4 shows 63 common shares of Expeditors were disposed of in a tax-withholding transaction at $147.89 per share. This represents shares surrendered to cover tax liabilities when his equity awards vested, not an open-market sale initiated by Martinez.

How many EXPD shares does Roberto Martinez hold after these transactions?

Following the reported transactions, Roberto A. Martinez directly holds about 2,362.68 common shares of Expeditors. This figure reflects his position after RSU and dividend equivalent right conversions and after the 63-share tax-withholding disposition on May 1, 2026, as disclosed in the filing.

Were Roberto Martinez's Expeditors (EXPD) transactions open-market trades?

No. The filing characterizes the activity as equity-compensation related. Shares were acquired through derivative exercises and RSU conversions, and 63 shares were disposed of purely for tax withholding. There were no open-market purchase or sale transactions reported for Expeditors common stock.

What RSU and dividend equivalent rights activity did EXPD disclose for Roberto Martinez?

Expeditors disclosed that RSUs and dividend equivalent rights granted to Roberto Martinez vested on May 1, 2026. These awards converted into underlying common shares, including 150.382 RSU-linked shares and 5.618 shares from dividend equivalent rights, before a portion was withheld to satisfy related tax obligations.
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*
Martinez Roberto A

(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)
President, Global Products
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
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 Stock05/01/2026M150.382A$02,420.0646D
Common Stock05/01/2026M5.618A$02,425.6826D
Common Stock05/01/2026F63D$147.892,362.6826D
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
Restricted Stock Units ("RSUs")$005/01/2026A0.382 (1) (1)Common Stock0.382$0150.382D
Restricted Stock Units ("RSUs")$005/01/2026M150.382 (1) (1)Common Stock150.382$00D
Dividend Equivalent Rights - 2023 RSUs$005/01/2026M5.618 (1) (1)Common Stock5.618$00D
Explanation of Responses:
1. 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 1, 2026.
Diane Heffner, Stock Plan Administrator, attorney-in-fact05/05/2026
** 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)