[Form 4] FedEx Corporation Insider Trading Activity

Rhea-AI Filing Summary

FedEx Chief Accounting Officer Guy M. Erwin II reported significant equity transactions on June 26, 2025:

• Acquired 1,155 shares of common stock at $0 (likely through a compensation plan), bringing total direct ownership to 2,085 shares
• Received 3,220 non-qualified stock options with an exercise price of $223.06

The stock options have a 10-year term expiring June 26, 2035 and vest ratably over four years, with first exercise permitted after one year. These transactions appear to be part of FedEx's executive compensation program rather than open market purchases. The filing indicates direct ownership of all reported securities, with no indirect holdings reported.

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
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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^*

Erwin Guy M II

(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)

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

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		1,155	A	$0	2,085	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
Non-qualified Stock Option (Right to Buy)	$223.06	06/26/2025		A		3,220		(1)	06/26/2035	Common Stock	3,220	$0	3,220	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/ Guy M. Erwin II	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

What insider trading activity occurred at FDX on June 26, 2025?

On June 26, 2025, Guy M. Erwin II, FedEx's Chief Accounting Officer, acquired 1,155 shares of Common Stock at $0 (likely a stock grant) and was granted 3,220 non-qualified stock options with an exercise price of $223.06.

How many FDX shares does Guy Erwin own after the June 2025 transaction?

Following the reported transaction, Guy M. Erwin II directly owns 2,085 shares of FedEx (FDX) common stock. Additionally, he holds 3,220 non-qualified stock options.

What are the terms of FDX stock options granted to Guy Erwin in June 2025?

The non-qualified stock options were granted with an exercise price of $223.06, vest ratably over four years from the grant date, become first exercisable one year from grant date, and expire on June 26, 2035.

What is Guy Erwin's role at FDX and when did he report the transaction?

Guy M. Erwin II serves as CVP Chief Accounting Officer at FedEx Corporation. He reported the transaction on June 27, 2025, one day after the transaction date of June 26, 2025.