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Insider Trends: Expeditors International of Washington Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact

05/07/2021 13:14

05:01 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Jeffrey S Musser, Director and President & CEO, exercised options/derivative securities for 5,571 shares of Expeditors International of Washington (EXPD) and sold 2,062 shares in the company for $234,697 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,509 company shares. Musser, subsequent to the transactions detailed in the SEC Form 4 filing, has control over 185,641 shares of company stock of which 73,128 shares are held directly and 112,513 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $21.47 million.

Over the last 90 days, previous to the date of this filing, there have been 18 insider transactions reported to the SEC for Expeditors International of Washington. These transactions came from the activities of 11 separate insiders that resulted in a net acquisition of 15,787 company shares. In the preceding 90-day window of time, there were 6 transactions from 3 insiders which resulted in the net disposition of 12,054 shares.

This is less than the average level of insider transactions in the 7-company Courier, Postal, Air Freight & Land-based Logistics (NEC) peer group over the last 90-day period. Peer group activity averaged 134.9 transactions per company, with company insiders acquiring on average 174,015 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/746515/000112760221015906/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.