FedEx director exercises options and sells 3,610 shares

FedEx Corp director Paul S. Walsh exercised stock options for 3,610 shares at a strike price of $142.11 on July 8, 2025, then sold the same 3,610 common shares at a weighted average price of $238.2939, within a $238.2906–$238.3600 range.

Rhea-AI Filing Summary

FedEx Corp director Paul S. Walsh exercised stock options for 3,610 shares at a strike price of $142.11 on July 8, 2025, then sold the same 3,610 common shares at a weighted average price of $238.2939, within a $238.2906–$238.3600 range. After these transactions and a 3-share dividend reinvestment adjustment, he holds 15,513 FedEx common shares directly.

Insights

Financial Analyst

TL;DR: Routine option exercise and same-day sale; modest size, neutral impact for FDX shareholders.

The $0.86 million disposition reflects a typical liquidity event following option exercise rather than a strategic reduction. Walsh retains 15,513 shares, maintaining a meaningful alignment with investors. The transaction accounts for a negligible fraction of FedEx’s ~250 million shares outstanding, so it should not materially influence valuation or signal fundamental concerns. Insider activity monitors may note the 19% personal reduction, but the absolute volume is too small to imply bearish sentiment at the corporate level.

Corporate Governance Expert

TL;DR: Compliance-clean filing; no red flags, standard Rule 10b5-1 disclosure noted.

The presence of a 10b5-1 plan checkbox indicates the sale may have been pre-arranged, supporting good governance practices. The form is timely, includes full option footnote explanations, and discloses weighted-average pricing, aligning with SEC best-practice transparency. No additional derivatives remain, reducing potential future dilution from this director’s grants.

Insider Trade Summary

Exercise and Sale: 3,610 shares ($347K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider WALSH PAUL S

Role Director

Sold 3,610 shs ($860K)

Approx. gross sale proceeds $860K

Approx. exercise cost $513K

Approx. pre-tax spread $347K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	3,610	$0.00	$0.00
Exercise	Common Stock	3,610	$142.11	$513K
Sale	Common Stock	3,610	$238.2939	$860K

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 15,513 shares (Direct)

Footnotes (3)

1. F1. Ownership has been adjusted to reflect 3 shares that were acquired via dividend reinvestment as a result of dividends paid to all shareholders.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.2906 to $238.3600, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
3. F3. These options first exercisable one year from date of grant.

Key Figures

Options Exercised: 3,610 shares Exercise Price: $142.1100 per share Shares Sold: 3,610 shares +4 more

7 metrics

Options Exercised 3,610 shares Stock Option (Right to Buy) into common stock on July 8, 2025

Exercise Price $142.1100 per share Conversion or exercise price for 3,610-share option series

Shares Sold 3,610 shares Common stock sale following option exercise on July 8, 2025

Weighted Average Sale Price $238.2939 per share Sale price for 3,610 shares, with trades from $238.2906 to $238.3600

Post-Transaction Holdings 15,513 shares Direct FedEx common stock ownership after reported transactions

Dividend Reinvestment Shares 3 shares Additional shares acquired via dividend reinvestment included in holdings

Option Expiration Date 2025-09-28 Expiration date for exercised stock option series

Key Terms

Stock Option (Right to Buy), weighted average price, dividend reinvestment, derivative security

4 terms

Stock Option (Right to Buy) financial

"security_title "Stock Option (Right to Buy)" for the derivative transaction"

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

dividend reinvestment financial

"3 shares that were acquired via dividend reinvestment as a result of dividends."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

derivative security financial

"Exercise or conversion of derivative security for the option transaction."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Paul S. Walsh report in FedEx (FDX) on this Form 4?

Paul S. Walsh reported exercising options for 3,610 FedEx shares at $142.11 and selling the same 3,610 shares at a weighted average of $238.2939. Following these trades, he directly owns 15,513 FedEx common shares.

How many FedEx (FDX) shares did Walsh sell, and at what price range?

Walsh sold 3,610 FedEx common shares at a weighted average price of $238.2939 per share. The transactions occurred at prices ranging from $238.2906 to $238.3600, as disclosed in the sale footnote.

What options did Paul S. Walsh exercise in FedEx (FDX), and at what strike price?

He exercised a Stock Option (Right to Buy) covering 3,610 shares of FedEx common stock. The disclosed conversion or exercise price was $142.1100 per share, and this option series shows 0 shares remaining after exercise.

How many FedEx (FDX) shares does Walsh hold after these transactions?

After the option exercise and share sale, Walsh’s direct holding in FedEx common stock is 15,513 shares. This balance also reflects an adjustment for 3 shares acquired through dividend reinvestment, as noted in the footnotes.

What does the dividend reinvestment footnote mean in FedEx (FDX) Walsh’s filing?

A footnote explains that Walsh’s ownership was adjusted for 3 shares acquired via dividend reinvestment, resulting from dividends paid to all shareholders. These additional shares are included in his reported 15,513 common shares held directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/08/2025 - 06:15 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^*

WALSH PAUL S

(Last) (First) (Middle)

CHERTSEY ROAD

WOKING

(Street)

SURREY GU21 4YH

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

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

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

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

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
Common Stock	07/08/2025		M		3,610	A	$142.11	19,123(1)	D
Common Stock	07/08/2025		S		3,610	D	$238.2939(2)	15,513	D

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
Stock Option (Right to Buy)	$142.11	07/08/2025		M			3,610	(3)	09/28/2025	Common Stock	3,610	$0	0	D

Explanation of Responses:

1. Ownership has been adjusted to reflect 3 shares that were acquired via dividend reinvestment as a result of dividends paid to all shareholders.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.2906 to $238.3600, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

3. These options first exercisable one year from date of grant.

	Alana L. Griffin, Attorney-in-Fact for Paul Walsh	07/08/2025
	** 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.