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

Expeditors (EXPD) CFO granted dividend equivalent rights on RSU awards

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

Rhea-AI Filing Summary

Hackett David A reported acquisition or exercise transactions in this Form 4 filing.

Expeditors International of Washington Senior VP and CFO David A. Hackett reported routine equity compensation changes. He received grants of dividend equivalent rights tied to restricted stock units from 2024, 2025, and 2026 awards. These rights track the value of common shares and vest proportionately with the related RSUs.

The filing shows 24.3100 dividend equivalent rights associated with 2026 RSUs, 1.5710 with 2025 RSUs, and 0.7220 with 2024 RSUs, each representing the economic equivalent of one common share. Following these entries, he holds 548.0720 common shares directly.

Positive

  • None.

Negative

  • None.
Insider Hackett David A
Role Senior VP - CFO
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights - 2024 RSUs 0.722 $0.00 $0.00
Grant/Award Dividend Equivalent Rights - 2025 RSUs 1.571 $0.00 $0.00
Grant/Award Dividend Equivalent Rights - 2026 RSUs 24.31 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Dividend Equivalent Rights - 2024 RSUs — 4.293 shares (Direct); Dividend Equivalent Rights - 2025 RSUs — 6.095 shares (Direct); Dividend Equivalent Rights - 2026 RSUs — 24.31 shares (Direct); Common Stock — 548.072 shares (Direct)
Footnotes (3)
  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 2024 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 2025 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
  3. 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 2026 grant of restricted stock units and vest proportionately with the restricted stock units to which they relate.
Common shares held 548.0720 shares Direct ownership following reported transactions
2026 RSU dividend equivalent rights 24.3100 rights Grant tied to 2026 restricted stock units
2025 RSU dividend equivalent rights added 1.5710 rights Additional rights tied to 2025 restricted stock units
2025 RSU dividend equivalent rights total 6.0950 rights Total rights after the 1.5710 addition
2024 RSU dividend equivalent rights 0.7220 rights Rights tied to 2024 restricted stock units
Dividend equivalent right ratio 1 right : 1 share Each right equals economic equivalent of one common share
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 2024 grant of restricted stock units and vest proportionately"
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"

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FAQ

What did EXPD CFO David A. Hackett report in this Form 4 filing?
David A. Hackett reported grants of dividend equivalent rights linked to restricted stock units. These entries reflect equity-based compensation, not open-market buying or selling of shares, and show updated holdings in both common stock and related derivative awards.

How many EXPD dividend equivalent rights did the CFO receive for 2026 RSUs?
He received 24.3100 dividend equivalent rights related to the 2026 restricted stock unit grant. Each right represents a contingent claim to the economic value of one Expeditors common share and vests in step with the underlying RSUs over time.

What are dividend equivalent rights in the EXPD Form 4 for David Hackett?
Dividend equivalent rights are contingent rights to receive the economic equivalent of one common share. In this filing, they accrue on prior RSU grants for 2024, 2025, and 2026 and vest proportionately with those restricted stock units as they vest.

Did EXPD CFO David Hackett buy or sell common stock in this Form 4?
The filing does not show open-market purchases or sales of common stock. It primarily records grants of dividend equivalent rights on existing RSU awards and lists a direct holding of 548.0720 Expeditors common shares after the reported transactions.

How many EXPD common shares does David Hackett hold after these transactions?
After the reported entries, David Hackett holds 548.0720 shares of Expeditors common stock directly. This figure reflects his reported direct ownership position and is separate from the dividend equivalent rights tied to various RSU grants disclosed in the filing.

How do the 2024 and 2025 EXPD dividend equivalent rights work for the CFO?
For 2024 RSUs, he has 0.7220 dividend equivalent rights, and for 2025 RSUs he has 6.0950 in total after a 1.5710 addition. These rights mirror dividend value and vest alongside their respective restricted stock unit grants 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*
Hackett David 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 - CFO
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 Stock548.072D
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 - 2024 RSUs$006/15/2026A0.722 (1) (1)Common Stock0.722$04.293D
Dividend Equivalent Rights - 2025 RSUs$006/15/2026A1.571 (2) (2)Common Stock1.571$06.095D
Dividend Equivalent Rights - 2026 RSUs$006/15/2026A24.31 (3) (3)Common Stock24.31$024.31D
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 2024 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 2025 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 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