[Form 4] FedEx Corporation Insider Trading Activity

Rhea-AI Filing Summary

FedEx Corp. (FDX) Form 4 filing reports insider activity by Chief Operating Officer – U.S.&Canada, John Alan Smith, dated 26 June 2025.

• Equity grant: 6,325 common shares acquired (Code A) at a stated price of $0, increasing Smith’s direct holdings to 29,672 shares.
• Indirect holdings: 3,363 shares remain held through The Smith Living Trust.
• Options granted: 16,105 non-qualified stock options with a strike price of $223.06, expiring 26 June 2035. The options vest ratably over four years and become first exercisable one year after the grant date.

No shares were sold and no cash transaction is disclosed; the activity appears to be part of routine executive compensation aimed at aligning management incentives with shareholder value. The filing does not contain earnings data or indicate any material change to FedEx’s operations or capital structure.

Insights

Securities Analyst

Routine equity and option grants; negligible market impact.

The filing reflects standard compensation practices: a modest share grant and a sizeable option award tied to service vesting schedules. Because the shares were not purchased on the open market and the options are long-dated, the event does not alter FedEx’s cash position or share count. The additional 6,325 shares raise Smith’s stake but remain immaterial relative to FedEx’s ~250 million outstanding shares. I see no immediate trading signal; most investors will treat this as neutral housekeeping.

Corporate Governance Expert

Grant aligns COO incentives over four-year vesting; governance standard.

The four-year ratable vesting schedule encourages long-term performance, consistent with common governance frameworks. The strike price set near market levels supports pay-for-performance. Absence of 10b5-1 notation suggests discretionary rather than automatic grants, but still within ordinary-course compensation plans. No red flags on disclosure or structure, so overall governance impact is neutral.

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 John Alan

(Last) (First) (Middle)

3610 HACKS CROSS RD

(Street)

MEMPHIS TN 38125

(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 - US&CAN 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	29,672	D
Common Stock								3,363	I	by The Smith Living 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		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/ John Alan 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 FedEx (FDX) shares did COO John Alan Smith acquire on June 26 2025?

6,325 common shares were acquired, increasing his direct ownership.

What are the key terms of the stock options granted to the FedEx COO?

He received 16,105 non-qualified options with a $223.06 exercise price, expiring 06/26/2035.

How many FedEx shares does John Alan Smith hold after the reported transaction?

He now directly owns 29,672 shares and indirectly owns 3,363 shares via a trust.

Were any FedEx shares sold in this Form 4 filing?

No. The filing only reports share and option acquisitions; no dispositions occurred.

When do the newly granted FedEx options begin to vest?

The options vest ratably over four years and are first exercisable one year from the 06/26/2025 grant date.