Expeditors International management check
EXPD · Industrials · Air Freight & Logistics · CEO Mr.Daniel R. Wall
Filings as of
3 good · 2 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $166, against $149 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.60 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
CEO stake ≈ 1.1 years of payThe CEO holds 69,335.628 shares, directly or through trusts (unvested awards not counted): about 1.1 years of pay. No open-market insider buying or selling in the last six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -4.8% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Jeffrey S. Musser, Mr.Daniel R. Wall. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Flag
Are the books clean?
Red flags on file1 late-filing notice since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 64 | 55 | |
| Pay for performance | 80 | 86 | |
| CEO cost | — | — | 48 |
| Skin in the game | 37 | 55 | |
| Dilution | 100 | 62 | |
| Stable leadership | 40 | 75 | |
| Clean books | 30 | 100 |
Closest peers
Others in Air Freight & Logistics, by management score. Expeditors International is 65th of 81 in its sector.
- 200UPSUnited Parcel Service69
- 280FDXFedEx63
- 336VLTOVeralto59
- 339EFXEquifax59
- 345EXPDExpeditors International59
- 377CHRWC.H. Robinson56
Pay versus performance
From the proxy statement filed March 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr.Daniel R. Wall, Mr. Jeffrey S. Musser | $9.6m | $13.1m | $3.4m | $166 | $149 | — |
| 2024 | Mr. Jeffrey S. Musser | $8.1m | $8.3m | $4.5m | $150 | $156 | — |
| 2023 | Mr. Jeffrey S. Musser | $7.5m | $7.8m | $4.2m | $171 | $154 | — |
| 2022 | Mr. Jeffrey S. Musser | $10.8m | $8.8m | $6.7m | $138 | $128 | — |
| 2021 | Mr. Jeffrey S. Musser | $13.0m | $17.8m | $8.2m | $176 | $155 | — |
The board says pay is tied most to Operating Income. Its other key measures: Earnings per Share, Net Revenues (non-GAAP).
Insiders and the CEO's stake
Daniel R Wall (President and CEO) held 69,335.628 shares directly after their latest Form 4 on May 7, 2026, roughly $10.5m at that filing's price.
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Sep 16, 2026Leadership change8-K 5.02
- Feb 19, 2026Leadership change8-K 5.02
- Aug 7, 2025Leadership change8-K 5.02
- May 23, 2025Leadership change8-K 5.02
- May 2, 2025Leadership change8-K 5.02
- Apr 23, 2025Leadership change8-K 5.02
- Mar 20, 2025Leadership change8-K 5.02
- Feb 19, 2025Leadership change8-K 5.02
- Nov 2, 2023Leadership change8-K 5.02
- Oct 6, 2023Leadership change8-K 5.02
- Jun 12, 2023Leadership change8-K 5.02
- Sep 15, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 6, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.0bn returned to owners in buybacks and dividends, 117% of net income, and $325.8m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.5bn | $17.1bn | $9.3bn | $10.6bn | $11.1bn |
| Net income | $1.4bn | $1.4bn | $752.9m | $810.1m | $810.3m |
| Stock-based pay | $69.4m | $64.4m | $58.4m | $64.4m | $69.2m |
| Buybacks | $514.6m | $1.6bn | $1.4bn | $855.1m | $667.3m |
| Dividends | $195.8m | $213.8m | $202.0m | $204.1m | $207.4m |
| Diluted shares | 171m | 164m | 150m | 142m | 136m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.