FedEx (NYSE: FDX) interim CFO awarded 772 non-qualified stock options

Rhea-AI Filing Summary

FEDEX CORP interim CFO & interim CAO Claude F. Russ reported an amended Form 4 reflecting a grant of 772 non-qualified stock options for FedEx common stock. The options have an exercise price of $323.62 per share and represent a new derivative holding of 772 options.

The amendment corrects the number of options previously reported due to a miscalculation in the Black-Scholes valuation methodology used on the original Form 4. These options vest ratably over three years from the grant date and are first exercisable one year after the grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Russ Claude F

Role Interim CFO & Interim CAO

Type	Security	Shares	Price	Value
Grant/Award	Non-qualified Stock Option (Right to Buy)	772	$0.00	--

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 772 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: 772 options Exercise price: $323.62 per share Options after transaction: 772 options +3 more

6 metrics

Options granted 772 options Non-qualified stock options granted to interim CFO & interim CAO

Exercise price $323.62 per share Conversion or exercise price for the non-qualified stock options

Options after transaction 772 options Total derivative securities owned following the transaction

Expiration date June 25, 2036 Option expiration for the granted non-qualified stock options

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

First exercisable 1 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

"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 - 04:36 PM Accepted by SEC EDGAR 07/02/2026 - 04:35 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^*

Russ Claude F

(Last) (First) (Middle)

942 SOUTH 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)
	Interim CFO & Interim CAO

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		772(1)		(2)	06/25/2036	Common Stock	772	$0	772	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 Claude F. Russ	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 an amended Form 4 for interim CFO & interim CAO Claude F. Russ, showing a grant of 772 non-qualified stock options. The filing corrects the number of options originally disclosed due to a Black-Scholes valuation miscalculation.

How many FedEx (FDX) stock options were granted to Claude F. Russ?

Claude F. Russ was granted 772 non-qualified stock options linked to FedEx common stock. The Form 4/A shows 772 derivative securities owned following the transaction, all acquired in a single grant/award transaction on the reported grant date.

What is the exercise price of the FedEx (FDX) stock options granted?

The granted FedEx stock options have an exercise price of $323.62 per share. This means each option allows purchase of one share of FedEx common stock at $323.62 once the options become exercisable under the vesting schedule described.

When do the FedEx (FDX) options granted to the interim CFO vest and become exercisable?

The options vest ratably over three years from the grant date and are first exercisable one year after grant. This creates a multi-year vesting schedule, with portions becoming exercisable each year as specified in the filing’s footnote language.

Why did FedEx file an amended Form 4/A for Claude F. Russ?

FedEx filed the Form 4/A solely to correct the number of stock options reported on the original Form 4. The original filing used an incorrect amount because of a miscalculation in the Black-Scholes valuation methodology determining the reportable option quantity.

What is the expiration date of the FedEx (FDX) stock options granted?

The granted stock options expire on June 25, 2036, according to the filing. After this expiration date, any unexercised options will no longer be valid, setting a long-term window for potential exercise following vesting and eligibility.