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

Expeditors (NASDAQ: EXPD) SVP-CIO granted new dividend equivalent rights

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

Rhea-AI Filing Summary

Hawkins Courtney A reported acquisition or exercise transactions in this Form 4 filing.

EXPEDITORS INTERNATIONAL OF WASHINGTON INC Senior VP & CIO Courtney A. Hawkins reported routine equity compensation changes. Hawkins received 10.049 Dividend Equivalent Rights tied to 2026 restricted stock units and 8.197 Dividend Equivalent Rights tied to 2025 restricted stock units, both at a stated price of $0.0000 per right.

Each Dividend Equivalent Right represents a contingent right to receive the economic equivalent of one common share and will vest in step with the related restricted stock units. Following these awards, Hawkins directly holds 619 common shares and 28.091 Dividend Equivalent Rights, reflecting compensation-related accruals rather than open-market trading.

Positive

  • None.

Negative

  • None.
Insider Hawkins Courtney A
Role Senior VP - CIO
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights - 2025 RSUs 8.197 $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 - 2025 RSUs — 28.091 shares (Direct); Dividend Equivalent Rights - 2026 RSUs — 10.049 shares (Direct); Common Stock — 619 shares (Direct)
Footnotes (2)
  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 2025 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 2026 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
Dividend Equivalent Rights (2026 RSUs) 10.049 rights Granted on dividend equivalents for 2026 RSU award
Dividend Equivalent Rights (2025 RSUs) 8.197 rights Granted on dividend equivalents for 2025 RSU award
Total Dividend Equivalent Rights after grants 28.091 rights Direct holdings following reported transactions
Common stock held 619 shares Direct common stock ownership after transactions
Price per Dividend Equivalent Right $0.0000 per right Stated grant price for reported rights
Dividend Equivalent Rights financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share"
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 2025 grant of restricted stock units"
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.
contingent right financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share"
economic equivalent financial
"receive the economic equivalent of one common share of the Issuer"

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider activity did EXPD executive Courtney Hawkins report on this Form 4?
Courtney Hawkins reported receiving Dividend Equivalent Rights tied to prior restricted stock unit grants. These are compensation-related awards, not open-market share purchases or sales, and represent the economic equivalent of additional common shares as related dividends accrue over time.

How many Dividend Equivalent Rights did the EXPD SVP-CIO receive in this filing?
Hawkins received 10.049 Dividend Equivalent Rights related to 2026 restricted stock units and 8.197 related to 2025 restricted stock units. Together they increase the total Dividend Equivalent Rights position to 28.091, all held directly as part of equity compensation.

Do the EXPD Dividend Equivalent Rights represent actual shares of common stock?
Each Dividend Equivalent Right represents a contingent right to receive the economic equivalent of one EXPD common share. They accrue on restricted stock units and vest proportionately with those units, rather than being immediately settled as tradable common shares upon grant.

Did the EXPD SVP-CIO buy or sell common stock in the open market?
The filing does not show any open-market buy or sell transactions. It reports compensation-related Dividend Equivalent Rights and a holding entry for 619 common shares, indicating ownership levels rather than discretionary market trades in EXPD stock.

What are Hawkins’ reported EXPD holdings after these transactions?
After these entries, Hawkins is shown holding 619 EXPD common shares directly and 28.091 Dividend Equivalent Rights. The rights are tied to 2025 and 2026 restricted stock unit grants and will vest in line with those underlying equity awards over time.
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*
Hawkins Courtney 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)
Senior VP - CIO
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 Stock619D
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 - 2025 RSUs$006/15/2026A8.197 (1) (1)Common Stock8.197$028.091D
Dividend Equivalent Rights - 2026 RSUs$006/15/2026A10.049 (2) (2)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 2025 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 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