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EXPDExpeditors International · Insider ownership research

Expeditors International insiders sold $3.3M in the past 12 months. How much of their stake is that?

About 3.5% overall. As a group they ended with more shares than they started with. The biggest individual seller, Blake Bell, sold shares equal to 18% of starting holdings, but more vested, so the stake grew.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 152 of the 311 other companies we can measure (#160 of 312)See ranking
0
buyers among officers and directors, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
4 of 18
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 6, 2026Diane Gulyas gave away 1.4K shares ($250K) as a gift. That is 5.7% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Diane Gulyas
Director
1,400$178.565.7%23KAug 6, 2026Aug 7, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-fifth of the 5-year average. 4 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Aug 7 for a gift on Aug 6. Diane Gulyas gave away 1.4K shares. Filing
64 SEC ownership filings in the period · See the evidence

What stands out

Blake Bell (18% of holdings) sold $1.5M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Feb 27, 2026
Three officers sold shares but ended with larger stakes, because more shares came in than were sold: Blake Bell (sold 10K, 18% of starting holdings; 26K added), Daniel Wall (sold 6.1K, 10% of starting holdings; 23K added) and Jeffrey Dickerman (sold 1.5K, 20% of starting holdings; 7.1K added).Blake Bell: largest sale, Feb 27, 2026 · Daniel Wall: largest sale, Feb 27, 2026 · Jeffrey Dickerman: largest sale, Nov 5, 2025
Tax withholding outweighed market sales: the company withheld $4.0M of officers' and directors' shares for taxes, against $3.3M sold on the open market. The largest was Blake Bell ($1.5M withheld).Largest withholding, Feb 25, 2026

Percentages cover 16 of 18 officers and directors. Left out: David Hackett and Courtney Hawkins (holdings couldn't be fully reconciled). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Blake Bell
President Global Business Dev
Sold 18%, but 9.1K shares were added (mostly vesting), so the stake grew
18% · $1.5MNo plan disclosed
Daniel Wall
President and CEO
Sold 10%, but 13K shares were added (mostly vesting), so the stake grew
10% · $885KNo plan disclosed
Mark Emmert
Director
46% · $730KNo plan disclosed
Jeffrey Dickerman
Senior VP/Gen Counsel/Corp Sec
Sold 20%, but 2.6K shares were added (mostly vesting), so the stake grew
20% · $201KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNov 2025: $932K no plan disclosedNovDecJanFeb 2026: $2.4M no plan disclosed$2.4MFebMarAprMayJunJulAugSepOct

Common questions

Is the Expeditors International CEO selling stock?

Yes. Daniel Wall sold 6.1K shares ($885K, 10% of starting holdings) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Expeditors International insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Expeditors International insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Expeditors International insiders sell?

About 3.5% overall. As a group they ended with more shares than they started with. The biggest individual seller, Blake Bell, sold shares equal to 18% of starting holdings, but more vested, so the stake grew. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Blake Bell
President Global Business Dev
$1.5M
10K shares
18%No plan disclosed
Daniel Wall
President and CEO
$885K
6.1K shares
10%No plan disclosed
Mark Emmert
Director
$730K
5.4K shares
46%No plan disclosed
Jeffrey Dickerman
Senior VP/Gen Counsel/Corp Sec
$201K
1.5K shares
20%No plan disclosed
The full ownership picture16 of 18 insiders fully reconciled · 18 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Glenn Alger
i
New Form 3 filed 2017-05-05; earlier filings set aside.
Director
367K0368Kno sales
Vesting, gifts, unvested awards and holding lines for Glenn Alger
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • New Form 3 filed 2017-05-05; earlier filings set aside.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock00
Alger Revocable TrustCommon Stock196,932198,238
Alger Family LLCCommon Stock170,000170,000
Daniel Wall
i
Minor difference of 198 shares. Difference is under 0.5% of holdings. New Form 3 filed 2015-06-19; earlier filings set aside.
President and CEO
60K−6.1K69K+14%
Vesting, gifts, unvested awards and holding lines for Daniel Wall
+13Kshares vested or exercised
0gifted (net of own trusts)
−8.9Kwithheld by the company for taxes
33K → 75Kunvested awards, start → end
  • New Form 3 filed 2015-06-19; earlier filings set aside.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock60,33468,692

Reconciliation: minor difference of 198 shares. Difference is under 0.5% of holdings.

Blake Bell
President Global Business Dev
57K−10K63K+10%
Vesting, gifts, unvested awards and holding lines for Blake Bell
+9.1Kshares vested or exercised
0gifted (net of own trusts)
−10Kwithheld by the company for taxes
18K → 32Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock57,27562,993
Liane Pelletier
Director
39K040Kno sales
Vesting, gifts, unvested awards and holding lines for Liane Pelletier
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock38,97640,282
Diane Gulyas
Director
23K023Kno sales
Vesting, gifts, unvested awards and holding lines for Diane Gulyas
0shares vested or exercised
−1.4Kgifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock00
TrustCommon Stock23,23523,141
Benjamin Clark
SVP - Global Ent Svc & CSO
23K023Kno sales
Vesting, gifts, unvested awards and holding lines for Benjamin Clark
0shares vested or exercised
0gifted (net of own trusts)
4.8K → 4.8Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock22,59322,593
James DuBois
Director
22K023Kno sales
Vesting, gifts, unvested awards and holding lines for James DuBois
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock21,71223,018
Bradley Powell
Senior VP - CFO
12K012Kno sales
Vesting, gifts, unvested awards and holding lines for Bradley Powell
0shares vested or exercised
0gifted (net of own trusts)
11K → 11Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock12,34012,340
Mark Emmert
Director
12K−5.4K7.8K66%
Vesting, gifts, unvested awards and holding lines for Mark Emmert
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock11,8687,774
Kelly Blacker
i
Minor difference of 198 shares. Small increase from an employee stock purchase plan. Small increase from an employee stock purchase plan.
President, Global Geographies
11K018Kno sales
Vesting, gifts, unvested awards and holding lines for Kelly Blacker
+6.9Kshares vested or exercised
0gifted (net of own trusts)
−4.4Kwithheld by the company for taxes
16K → 32Kunvested awards, start → end
  • Small increase from an employee stock purchase plan. Filing
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock11,02018,208

Reconciliation: minor difference of 198 shares. Small increase from an employee stock purchase plan.

Robert Carlile
Director
9K010Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Carlile
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock9,04510,351
Jeffrey Dickerman
Senior VP/Gen Counsel/Corp Sec
7.7K−1.5K10K+36%
Vesting, gifts, unvested awards and holding lines for Jeffrey Dickerman
+2.6Kshares vested or exercised
0gifted (net of own trusts)
−2.9Kwithheld by the company for taxes
5.3K → 10Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock7,65110,367
Olivia Polius
Director
7.3K08.6Kno sales
Vesting, gifts, unvested awards and holding lines for Olivia Polius
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock7,3378,643
Brandon Pedersen
Director
7.3K08.6Kno sales
Vesting, gifts, unvested awards and holding lines for Brandon Pedersen
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock7,3378,643
Roberto Martinez
i
Minor difference of 199 shares. Small increase from an employee stock purchase plan. Small increase from an employee stock purchase plan.
President, Global Products
2.1K04.1Kno sales
Vesting, gifts, unvested awards and holding lines for Roberto Martinez
+3Kshares vested or exercised
0gifted (net of own trusts)
−1.2Kwithheld by the company for taxes
7.7K → 18Kunvested awards, start → end
  • Small increase from an employee stock purchase plan. Filing
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock2,0704,062

Reconciliation: minor difference of 199 shares. Small increase from an employee stock purchase plan.

David Hackett
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +218.0538 shares on Aug 19, 2026 (Direct). See the filing Sales and other transactions for David Hackett are complete.
Senior VP - CFO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for David Hackett
+303shares vested or exercised
0gifted (net of own trusts)
−77withheld by the company for taxes
761 → 14Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +218.0538 shares on Aug 19, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock322766
Gabe Schoonover
SVP - Global Ent Svc & CSO
110327no sales
Vesting, gifts, unvested awards and holding lines for Gabe Schoonover
+420shares vested or exercised
0gifted (net of own trusts)
−104withheld by the company for taxes
850 → 2.7Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock11327
Courtney Hawkins
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +218.0538 shares on Aug 19, 2026 (Direct). See the filing Sales and other transactions for Courtney Hawkins are complete.
Senior VP - CIO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Courtney Hawkins
+825shares vested or exercised
0gifted (net of own trusts)
−206withheld by the company for taxes
2.5K → 14Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +218.0538 shares on Aug 19, 2026 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock0837

16 of 18 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (13 exactly, 3 with a minor or footnoted difference). For 2 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 16 of 18 officers and directors. Left out: David Hackett and Courtney Hawkins (holdings couldn't be fully reconciled). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$3.3M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $3.3M across 23,351 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $3.3M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.5M of it is Blake Bell. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Blake Bell, Feb 27, 2026

Taxes

27,910 shares ($4.0M) were withheld by the company for taxes, which isn't a market sale.

Charitable gifts · 1.4K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Blake Bell
President Global Business Dev
10K$1.5M0%45%Feb 27, 2026 to Feb 27, 2026
Daniel Wall
President and CEO
6.1K$885K0%27%Feb 27, 2026 to Feb 27, 2026
Mark Emmert
Director
5.4K$730K0%22%Nov 7, 2025 to Nov 7, 2025
Jeffrey Dickerman
Senior VP/Gen Counsel/Corp Sec
1.5K$201K0%6%Nov 5, 2025 to Nov 5, 2025

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$932K$0$0$932K
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$2.4M$0$0$2.4M
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 4 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
23K4$3.3M
Oct 8, 2025
1 year earlier
40K5$4.8M
Oct 8, 2024
2 years earlier
18K4$2.2M
Oct 9, 2023
3 years earlier
85K5$9.5M
Oct 9, 2022
4 years earlier
46K4$5.8M
Oct 9, 2021
5 years earlier
445K8$49.3M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty2 insiders whose holdings couldn't be fully reconciled

David Hackett: holdings couldn't be fully reconciled (difference of 218 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +218.0538 shares on Aug 19, 2026 (Direct). Filing, Aug 19, 2026

Footnote: "Balance of Common Stock beneficially owned includes 218.0538 shares purchased on July 31, 2026 under Expeditors International of Washington, Inc.'s 2002 Employee Stock Purchase Plan."

Courtney Hawkins: holdings couldn't be fully reconciled (difference of 218 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +218.0538 shares on Aug 19, 2026 (Direct). Filing, Aug 19, 2026

Footnote: "Balance of Common Stock beneficially owned includes 218.0538 shares purchased on July 31, 2026 under Expeditors International of Washington, Inc.'s 2002 Employee Stock Purchase Plan."

Daniel Wall: minor difference of 198 shares. Difference is under 0.5% of holdings.

Kelly Blacker: minor difference of 198 shares. Small increase from an employee stock purchase plan.

Roberto Martinez: minor difference of 199 shares. Small increase from an employee stock purchase plan.

Inferred rename: "son" is treated as the same holder as "For minor son", because the old name was never reported again and the new one opened with the same balance (200 shares). Old name, new name

Inferred rename: "For Minor Son" is treated as the same holder as "Minor Son", because the old name was never reported again and the new one opened with the same balance (300 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,201 filings from SEC EDGAR, and how we read them

All 1,201 Forms 3, 4 and 5 filed for Expeditors International (SEC CIK 746515) from Jun 13, 2003 to Aug 20, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Probable 2-for-1 stock split on or before Jun 23, 2006 (split date stated in a footnote). Splits aren't reported as transactions; 8 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (30)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Jeffrey MusserFeb 25, 2025250,658 shares, last reported balance as of Feb 21, 2025
Christopher McClincyJun 20, 202424,234 shares, last reported balance as of Jun 17, 2024
Richard RostanDec 19, 202389,729 shares, last reported balance as of Dec 15, 2023
Eugene AlgerDec 19, 202217,879 shares, last reported balance as of Dec 15, 2022
Robert WrightNov 8, 20214,500 shares, last reported balance as of Nov 5, 2021
Philip CoughlinDec 18, 201971,710 shares, last reported balance as of Dec 16, 2019
Richard McCuneMay 22, 201917,629 shares, last reported balance as of May 20, 2019
Alain MonieMay 22, 20199,269 shares, last reported balance as of May 21, 2019
Tay YoshitaniMay 22, 201824,431 shares, last reported balance as of May 20, 2018
Dan KourkoumelisMay 22, 201759,750 shares, last reported balance as of May 20, 2017
Michael MaloneMar 13, 201715,402 shares, last reported balance as of Mar 10, 2017
James WangMay 24, 2016516,375 shares, last reported balance as of May 20, 2016
John MeisenbachApr 28, 2016140,328 shares, last reported balance as of Apr 27, 2016
Jordan GatesJul 27, 2015425,378 shares, last reported balance as of Jul 23, 2015
Jose UbedaFeb 13, 201526,579 shares, last reported balance as of Dec 31, 2014
Robert VillanuevaDec 8, 201429,844 shares, last reported balance as of Dec 5, 2014
Rosanne EspositoDec 8, 201484,544 shares, last reported balance as of Dec 4, 2014
Rommel SaberSep 15, 2014297,640 shares, last reported balance as of Sep 12, 2014
Timothy BarberJun 6, 2014204,676 shares, last reported balance as of Jun 4, 2014
Amy ScheerDec 12, 201313,741 shares, last reported balance as of Dec 12, 2013
Peter RoseNov 18, 20131,037,766 shares, last reported balance as of Nov 14, 2013
Charles LynchNov 22, 20102,031 shares, last reported balance as of Nov 19, 2010
Jean CarcailletAug 6, 201032,191 shares, last reported balance as of Aug 5, 2010
Roger IdiartJun 12, 200981,372 shares, last reported balance as of Jun 11, 2009
James CaseyMay 7, 200989,493 shares, last reported balance as of May 6, 2009
Sandy LiuAug 13, 2008No balance on record
Jeffrey KingMay 26, 2006382,729 shares, last reported balance as of May 24, 2006
Manfred AmbergerMay 25, 2006113,912 shares, last reported balance as of May 23, 2006
David LincolnMar 1, 2005163,112 shares, last reported balance as of Feb 25, 2005
William CooganMay 14, 2004200,614 shares, last reported balance as of May 12, 2004