[Form 4] FedEx Corporation Insider Trading Activity

Rhea-AI Filing Summary

FedEx Corporation (FDX) – Form 4 insider filing dated 06/27/2025 details equity awards granted to Executive Vice President Sriram Krishnasamy on 06/26/2025.

Common-stock grant: The executive received 6,325 restricted shares at no cost (transaction code A). Following the award, his directly held common-stock position rose to 18,571 shares.

Stock-option grant: Krishnasamy was also granted 16,105 non-qualified options with a strike price of $223.06 and a 10-year term expiring 06/26/2035. The options vest ratably over four years, becoming first exercisable one year after the grant date.

Ownership & role: The filing confirms Krishnasamy’s status as an officer (EVP, Chief Digital & Innovation Officer / CEO FedEx Dataworks) and that all securities are held directly.

Investor takeaway: The awards are routine elements of executive compensation and do not involve open-market buying or selling. They moderately increase insider equity alignment but are immaterial to FedEx’s share count and have negligible immediate financial impact on the company.

Positive

• Insider equity alignment: 6,325 new restricted shares lift EVP Krishnasamy’s direct stake to 18,571 shares, enhancing management–shareholder alignment.
• Long-term incentives: 16,105 ten-year options at $223.06 provide performance upside through 2035, supporting executive retention.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine equity awards; improves alignment, little market impact.

The Form 4 shows standard annual grants—6,325 restricted shares and 16,105 options—to EVP Sriram Krishnasamy. Because the shares are awarded at $0 cost and the options sit at-the-money ($223.06), they function as retention and incentive tools rather than signaling insider conviction through cash purchases. Total ownership post-grant (18,571 shares) remains de-minimis versus FedEx’s ~250 million shares outstanding, so dilution is negligible. From a governance lens, four-year ratable vesting with a one-year cliff aligns with prevailing best practices. No red flags or aggressive acceleration clauses appear. Overall impact on valuation or near-term trading dynamics is neutral.

Portfolio Manager

TL;DR: Neutral: compensation grant, no buy/sell signal for FDX.

Investors should view this filing as a housekeeping disclosure. While insider ownership inches higher, it’s not a cash purchase and doesn’t alter supply–demand for FDX shares. The 16k options add leverage to the officer but create only ~0.01% potential dilution if fully exercised—immaterial to EPS. Therefore, the event neither strengthens nor weakens the investment case and can be safely filed under routine compensation activity.

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^*

Krishnasamy Sriram

(Last) (First) (Middle)

3630 HACKS CROSS ROAD

(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)
	EVP CDI Off & CTO/CEO FDW

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	18,571	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		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/ Sriram Krishnasamy	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 did FedEx (FDX) disclose in the latest Form 4?

An EVP received 6,325 restricted shares and 16,105 stock options on 06/26/2025, increasing direct ownership to 18,571 shares.

How many FedEx shares does EVP Sriram Krishnasamy now own?

After the award, he directly owns 18,571 common shares.

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

The options have a $223.06 strike and expire on 06/26/2035.

When do the granted options vest?

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

Is this Form 4 considered bullish for FDX stock?

It is neutral; the awards are part of routine compensation rather than an open-market insider purchase.