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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

05/11/2021 09:28

01:25 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Eugene K Alger, President Global Services, exercised options/derivative securities for 4,797 shares of Expeditors International of Washington (EXPD) and sold 1,776 shares in the company for $205,377 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,021 company shares. Alger, subsequent to the transactions disclosed in the SEC Form 4 filing, has control over 38,249 shares of company stock of which 19,592 shares are held directly and 18,657 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $4.59 million.

During the most recent 90-day period, prior to the date of this filing, there have been 27 insider transactions reported to the SEC for Expeditors International of Washington. These transactions came from the activities of 15 individual insiders that resulted in a net acquisition of 23,387 company shares. This compares with the preceding 90-day window of time where there were 6 transactions from 3 insiders which resulted in the net disposition of 12,054 shares.

This is lower 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. Within the peer group activity averaged 136.1 transactions per company, with company insiders acquiring on average 177,005 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/746515/000112760221016178/xslF345X03/form4.xml

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