[Form 4] FedEx Corporation Insider Trading Activity

Rhea-AI Filing Summary

FedEx COO International and CEO Airline FEC Richard W. Smith reported significant equity transactions on June 26, 2025:

• Stock Award: Acquired 6,325 shares of common stock at $0 (direct ownership), bringing total direct holdings to 97,951 shares
• Stock Options: Granted 16,105 non-qualified stock options with strike price of $223.06, expiring June 26, 2035
• Additional Holdings: Maintains indirect ownership of 80,200 shares through family trusts

The newly granted options vest over four years in equal installments, becoming first exercisable one year from grant date. This compensation package demonstrates FedEx's long-term executive retention strategy, aligning management interests with shareholder value through a mix of direct equity and performance incentives.

Positive

• COO International/CEO FedEx Express received significant equity grant of 6,325 shares (worth approximately $1.4M at current market prices) plus 16,105 stock options, demonstrating long-term alignment with shareholders
• Executive maintains substantial ownership with 97,951 direct shares and 80,200 indirect shares through family trusts, showing strong alignment with shareholder interests

Negative

• None.

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^*

Smith Richard W

(Last) (First) (Middle)

145 LT GEORGE W. LEE

(Street)

MEMPHIS TN 38103

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO INTL - CEO Airline FEC

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		6,325	A	$0	97,951	D
Common Stock								80,200	I	By Family Trusts

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		16,105		(1)	06/26/2035	Common Stock	16,105	$0	16,105	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/ Richard W. Smith	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.
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.

FAQ

How many FDX shares did Richard W. Smith acquire on June 26, 2025?

Richard W. Smith acquired 6,325 shares of FDX common stock on June 26, 2025 at $0 (likely as part of an equity compensation plan). After this transaction, he directly owned 97,951 shares.

What stock options were granted to FDX's COO International on June 26, 2025?

Richard W. Smith was granted 16,105 non-qualified stock options with an exercise price of $223.06. These options vest over four years and expire on June 26, 2035.

How many FDX shares does Richard Smith own indirectly through family trusts?

According to the Form 4 filing, Richard W. Smith indirectly owns 80,200 shares of FDX common stock through Family Trusts.

What is Richard Smith's total FDX stock ownership after the June 26, 2025 transactions?

After the reported transactions, Richard W. Smith's total FDX ownership consists of 97,951 shares held directly, 80,200 shares held indirectly through family trusts, and 16,105 unvested stock options, for a total beneficial ownership of 178,151 shares (excluding options).

What is Richard Smith's current position at FDX?

According to the Form 4 filing, Richard W. Smith serves as COO International and CEO Airline FEC at FedEx Corporation.