FedEx (FDX) COO Richard W. Smith corrects Form 4 share holdings
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
FedEx Corp director and officer Richard W. Smith filed an amended Form 4 to correct his reported common stock holdings. A prior Form 4 had stated he owned 84,064 shares following an option exercise and a gift of common stock, but it inadvertently omitted 6,481 additional shares that had been reported on his amended Form 3 filed on August 4, 2023. This amendment clarifies that he directly owned 90,545 shares of FedEx common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Richard W
Role
COO INTL - CEO Airline FEC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 90,545 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Corrected direct holdings: 90,545 shares
Previously reported holdings: 84,064 shares
Omitted additional shares: 6,481 shares
3 metrics
Corrected direct holdings
90,545 shares
Direct FedEx common stock owned after correction
Previously reported holdings
84,064 shares
Direct common stock reported on January 8, 2024 Form 4
Omitted additional shares
6,481 shares
Additional common shares from amended Form 3 now included
Key Terms
Form 4, amendment to Form 3, directly owned
3 terms
Form 4 regulatory
"the reporting person filed a Form 4 which inadvertently reported"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
amendment to Form 3 regulatory
"shares of common that were reported on his amendment to Form 3"
directly owned financial
"In fact, as reported in this amendment, the reporting person directly owned 90,545 shares"
FAQ
What does this FedEx (FDX) Form 4/A amendment report for Richard W. Smith?
The amendment corrects Richard W. Smith’s reported FedEx common stock holdings. A prior Form 4 understated his ownership by omitting 6,481 shares, and this filing clarifies that he directly owned 90,545 shares of common stock after the earlier transactions.
Why was Richard W. Smith’s earlier FedEx (FDX) Form 4 considered inaccurate?
The earlier Form 4 was inaccurate because it omitted 6,481 shares of FedEx common stock that had already been disclosed on an amended Form 3. It therefore reported his post-transaction ownership as 84,064 shares instead of the corrected 90,545 shares now shown.
Does this FedEx (FDX) Form 4/A show new insider buying or selling?
This amendment does not report new insider buying or selling. It revises previously reported holdings by correcting the total number of shares owned. The filing classifies the entry as a holdings record, updating Smith’s direct ownership to 90,545 FedEx common shares.
What earlier filings are referenced in this FedEx (FDX) Form 4/A amendment?
The amendment references a Form 4 filed on January 8, 2024, and an amendment to Form 3 filed on August 4, 2023. The earlier Form 4 understated Richard W. Smith’s ownership by omitting 6,481 shares that had been properly reported in the Form 3 amendment.