FedEx (FDX) EVP Kawal granted 3,478 stock options at $323.62

Rhea-AI Filing Summary

FEDEX CORP executive vice president Preet Kawal received a grant of 3,478 non-qualified stock options to buy FedEx common stock. The options have an exercise price of $323.62 per share and expire on June 25, 2036, leaving Kawal holding 3,478 options after the grant.

The company notes this Form 4/A amends a prior filing to correct the number of stock options originally reported, which was miscalculated using the Black-Scholes valuation methodology. The options vest ratably over three years from the grant date and are first exercisable one year after grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Preet Kawal

Role EVP - Plng, Eng, & Transfmtn

Type	Security	Shares	Price	Value
Grant/Award	Non-qualified Stock Option (Right to Buy)	3,478	$0.00	--

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 3,478 shares (Direct, null)

Footnotes (1)

1. This Form 4/A is being filed solely to correct the number of stock options reported on the Form 4 originally filed on June 26, 2026 ("Original Form 4"). The number of stock options reported in the Original Form 4 was incorrect due to a miscalculation in the Black-Scholes valuation methodology used to determine the reportable amount of stock options. These options vest ratably over three years from the date of grant and are first exercisable one year from date of grant.

Key Figures

Options granted: 3,478 options Exercise price: $323.62 per share Expiration date: June 25, 2036 +3 more

6 metrics

Options granted 3,478 options Non-qualified stock options granted to EVP Preet Kawal

Exercise price $323.62 per share Stock option exercise price for FedEx common stock

Expiration date June 25, 2036 Option expiration date if not exercised

Total options after grant 3,478 options Total derivative holdings following the reported transaction

Vesting schedule Ratable over 3 years Options vest ratably over three years from grant date

First exercisable One year from grant Options first exercisable one year after grant date

Key Terms

Non-qualified Stock Option, Black-Scholes valuation methodology, vest ratably, grant, award, or other acquisition

4 terms

Non-qualified Stock Option financial

"security_title: "Non-qualified Stock Option (Right to Buy)""

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

Black-Scholes valuation methodology financial

"incorrect due to a miscalculation in the Black-Scholes valuation methodology"

vest ratably financial

"These options vest ratably over three years from the date of grant"

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:34 PM Accepted by SEC EDGAR 07/02/2026 - 04:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Preet Kawal

(Last) (First) (Middle)

942 S. SHADY GROVE ROAD

(Street)

MEMPHIS TENNESSEE 38120

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FEDEX CORP [ FDX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Plng, Eng, & Transfmtn

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/26/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)	$323.62	06/25/2026		A		3,478(1)		(2)	06/25/2036	Common Stock	3,478	$0	3,478	D

Explanation of Responses:

1. This Form 4/A is being filed solely to correct the number of stock options reported on the Form 4 originally filed on June 26, 2026 ("Original Form 4"). The number of stock options reported in the Original Form 4 was incorrect due to a miscalculation in the Black-Scholes valuation methodology used to determine the reportable amount of stock options.

2. These options vest ratably over three years from the date of grant and are first exercisable one year from date of grant.

	/s/ Alana L. Griffin, Attorney-in-Fact for Kawal Preet	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FedEx (FDX) report in this Form 4/A?

FedEx reported that EVP Preet Kawal received a grant of 3,478 non-qualified stock options. These options give the right to buy FedEx common stock at $323.62 per share and expire on June 25, 2036, subject to vesting conditions.

Why did FedEx (FDX) file this Form 4/A amendment for Preet Kawal?

The amendment was filed solely to correct the number of stock options previously reported. FedEx states the original Form 4 contained an incorrect option amount due to a miscalculation in the Black-Scholes valuation methodology used to determine the reportable stock option amount.

What are the key terms of Preet Kawal’s FedEx (FDX) stock option grant?

Preet Kawal was granted 3,478 non-qualified stock options with a $323.62 exercise price per share. The options vest ratably over three years from the grant date, are first exercisable one year after grant, and expire on June 25, 2036 if not exercised.

How many FedEx (FDX) stock options does Preet Kawal hold after this transaction?

Following this reported transaction, Preet Kawal holds 3,478 non-qualified stock options directly. These options relate to FedEx common stock and reflect the corrected number disclosed in the amended Form 4/A filed after the valuation miscalculation was identified.

Is Preet Kawal’s FedEx (FDX) stock option grant an open-market purchase or compensation award?

The transaction is a compensation-related award, not an open-market purchase. The filing classifies it as a grant or other acquisition of 3,478 non-qualified stock options with an exercise price of $323.62, awarded in connection with Kawal’s role as an executive officer.