Expeditors (NASDAQ: EXPD) SVP receives new dividend equivalent RSU rights
Rhea-AI Filing Summary
Schoonover Gabe O reported acquisition or exercise transactions in this Form 4 filing.
Expeditors International of Washington senior vice president Gabe O. Schoonover reported routine equity-compensation updates. He received small grants of dividend equivalent rights tied to restricted stock units from 2024, 2025, and 2026 awards, representing 6.803, 1.419, and 0.738 units, each economically equivalent to one common share.
These rights accrue on RSUs when dividends are paid and vest in step with the underlying RSUs, rather than reflecting open-market stock purchases or sales. After these entries, Schoonover is shown holding 327 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Schoonover Gabe O
Role
SVP - Global Ent Svc & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights - 2024 RSUs | 0.738 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights - 2025 RSUs | 1.419 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Rights - 2026 RSUs | 6.803 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Rights - 2024 RSUs — 4.489 shares (Direct);
Dividend Equivalent Rights - 2025 RSUs — 5.412 shares (Direct);
Dividend Equivalent Rights - 2026 RSUs — 6.803 shares (Direct);
Common Stock — 327 shares (Direct)
Footnotes (3)
- 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.
- 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.
- 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.
Key Figures
Common shares held: 327 shares
2026 RSU dividend equivalents granted: 6.803 rights
2025 RSU dividend equivalents granted: 1.419 rights
+4 more
7 metrics
Common shares held
327 shares
Direct ownership after transactions
2026 RSU dividend equivalents granted
6.803 rights
Dividend Equivalent Rights - 2026 RSUs, each equals one common share economically
2025 RSU dividend equivalents granted
1.419 rights
Dividend Equivalent Rights - 2025 RSUs, grant on June 15, 2026
2024 RSU dividend equivalents granted
0.738 rights
Dividend Equivalent Rights - 2024 RSUs, grant on June 15, 2026
Total 2026 RSU dividend equivalents held
6.803 rights
Total Dividend Equivalent Rights following transaction for 2026 RSUs
Total 2025 RSU dividend equivalents held
5.412 rights
Total Dividend Equivalent Rights following transaction for 2025 RSUs
Total 2024 RSU dividend equivalents held
4.489 rights
Total Dividend Equivalent Rights following transaction for 2024 RSUs
Key Terms
Dividend Equivalent Rights, restricted stock units, contingent right, economic equivalent
4 terms
Dividend Equivalent Rights financial
"Dividend Equivalent Rights - 2026 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.
restricted stock units financial
"accrued in respect of the 2024 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"
economic equivalent financial
"receive the economic equivalent of one common share of the Issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did EXPD disclose for Gabe O. Schoonover?
EXPEDITORS INTERNATIONAL OF WASHINGTON disclosed that SVP Gabe O. Schoonover received small grants of dividend equivalent rights tied to RSU awards. These are compensation-related accruals linked to dividends, not open-market stock purchases or sales, and vest alongside the underlying restricted stock units.
What are dividend equivalent rights in EXPD’s Form 4 filing?
Dividend equivalent rights are contingent rights to receive the economic value of one EXPEDITORS INTERNATIONAL common share per right. They accrue on restricted stock units when dividends are paid and vest proportionately with the RSUs to which they relate, mirroring the timing of the underlying equity awards.
How many dividend equivalent rights did the EXPD executive receive?
Gabe O. Schoonover received 6.803 dividend equivalent rights related to 2026 RSUs, 1.419 tied to 2025 RSUs, and 0.738 tied to 2024 RSUs. Each right represents the economic equivalent of one EXPEDITORS INTERNATIONAL common share under the company’s equity compensation structure.