[Form 4] FedEx Corporation Insider Trading Activity

Rhea-AI Filing Summary

FedEx Corporation (FDX) – Form 4 insider transaction filed 06/27/2025. CEO and President Rajesh Subramaniam reported two equity events dated 06/26/2025:

• Direct share acquisition: 17,680 shares of common stock were acquired at a stated price of $0.00, bringing the executive’s direct holdings to 80,876 shares. An additional 43,032 shares are held indirectly through a family trust.
• Equity incentive grant: 49,865 non-qualified stock options (right to buy) were awarded with an exercise price of $223.06 and an expiration date of 06/26/2035. According to the footnote, the options vest ratably over four years and first become exercisable one year after the grant date.

No sales of FedEx shares were reported. The filing was signed electronically by Mr. Subramaniam on 06/27/2025.

The reported transactions increase total beneficial ownership to 173,773 shares/derivative equivalents (80,876 directly held shares + 43,032 indirect shares + 49,865 options). Because the common-stock acquisition carried no purchase cost and the options are unexercised, immediate cash outlay is nil, but the filing signals additional long-term equity alignment between the CEO and shareholders. No financial performance data, earnings guidance, or other corporate events were disclosed in this Form 4.

Positive

• 17,680 new shares acquired by the CEO, raising direct ownership to 80,876 shares.
• 49,865 stock options granted with long-dated expiration (2035), strengthening executive retention incentives.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine equity award and stock grant; aligns CEO incentives, limited immediate financial impact.

This Form 4 documents standard incentive-compensation actions for FedEx’s chief executive. The 17,680-share grant increases direct ownership, while the 49,865 options (10-year term, $223.06 strike) extend retention incentives through 2035. Vesting over four years matches typical market practice, reinforcing long-term orientation. No shares were sold, so signal is non-negative, but because awards were cost-free and pre-approved, the market impact should be minimal.

Portfolio Manager

TL;DR: Insider adds 17.7k shares, receives 49.9k options—neutral for valuation.

The CEO’s additional equity takes his direct stake to ~81k shares, but the acquisition price of $0 implies a restricted stock grant rather than open-market buying, limiting the bullish read-through. Option strike of $223.06 sits near recent trading levels, providing upside leverage yet no immediate dilution. Net: useful alignment data point, unlikely to move the stock given FedEx’s $70bn+ market cap.

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^*

Subramaniam Rajesh

(Last) (First) (Middle)

942 S SHADY GROVE ROAD

(Street)

MEMPHIS TN 38120

(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
X	Officer (give title below)		Other (specify below)
	President/CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

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	06/26/2025		A		17,680	A	$0	80,876	D
Common Stock								43,032	I	By Family Trust

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)	$223.06	06/26/2025		A		49,865		(1)	06/26/2035	Common Stock	49,865	$0	49,865	D

Explanation of Responses:

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

	/s/ Rajesh Subramaniam	06/27/2025
	** 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.
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FAQ

How many FedEx (FDX) shares did CEO Rajesh Subramaniam acquire on 06/26/2025?

The Form 4 reports an acquisition of 17,680 common shares.

What is the exercise price and term of the new FedEx stock options awarded to the CEO?

The CEO received 49,865 non-qualified options with a $223.06 strike price and an expiration date of 06/26/2035.

How many FedEx shares does the CEO now own directly and indirectly?

After the transactions, Mr. Subramaniam holds 80,876 shares directly and 43,032 shares indirectly through a family trust.

Did the CEO sell any FedEx stock in the reported period?

No. The Form 4 shows no dispositions; only acquisitions and option grants were reported.

When do the newly granted FedEx options begin vesting?

Per the filing, the options begin vesting one year from 06/26/2025 and vest ratably over four years.