FedEx (FDX) director exercises 4,727 options; 1,785 shares withheld for costs

Rhea-AI Filing Summary

FEDEX CORP director Stephen E. Gorman exercised stock options and settled related taxes using shares. He exercised options for 4,727 shares of Common Stock at an exercise price of $146.62 per share, converting a derivative position into regular shares. To cover the exercise price in a net exercise under the FedEx 2019 Omnibus Stock Incentive Plan, 1,785 shares were withheld by the company at $388.46 per share, which is a tax-withholding disposition rather than an open-market sale. After these transactions, he directly owned 6,552 shares of FedEx common stock, and the exercised option grant was fully used with no remaining derivative position from it.

Insights

Equity compensation analyst

Routine option exercise with shares withheld for taxes; no open-market selling.

Director Stephen E. Gorman exercised stock options for 4,727 FedEx shares at an exercise price of $146.62 per share. This converts a derivative award into direct common stock ownership, a typical step in long-term equity compensation.

The company withheld 1,785 shares at $388.46 per share to pay the exercise cost under the FedEx 2019 Omnibus Stock Incentive Plan, classified as a tax-withholding disposition, not a market sale. Following these moves, Gorman directly holds 6,552 common shares, and the specific option grant exercised here no longer has remaining unexercised options.

Insider Trade Summary

4,727 shares exercised/converted

Mixed 3 txns

Insider GORMAN STEPHEN E

Role null

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	4,727	$0.00	--
Exercise	Common Stock	4,727	$146.62	$693K
Tax Withholding	Common Stock	1,785	$388.46	$693K

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Common Stock — 8,337 shares (Direct, null)

Footnotes (1)

1. Ownership has been adjusted to reflect 4 shares that were acquired via dividend reinvestment as a result of dividends paid to all shareholders. Represents the number of shares withheld by the Issuer as a result of the net exercise of stock options and used to pay the exercise price in accordance with the FedEx 2019 Omnibus Stock Incentive Plan. These options first exercisable one year from date of grant.

Key Figures

Shares exercised: 4,727 shares Exercise price: $146.62 per share Shares withheld: 1,785 shares +3 more

6 metrics

Shares exercised 4,727 shares Stock options for common stock exercised on 2026-04-27

Exercise price $146.62 per share Exercise price of options converted into common stock

Shares withheld 1,785 shares Withheld by issuer to pay exercise price at $388.46

Withholding price $388.46 per share Value per share for tax-withholding disposition of common stock

Shares owned after 6,552 shares Direct FedEx common stock holdings following transactions

Options exercised 4,727 options Stock options (right to buy) fully exercised; 0 remaining

Key Terms

tax-withholding disposition, derivative exercise/conversion, FedEx 2019 Omnibus Stock Incentive Plan, Stock Option (Right to Buy), +1 more

5 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

FedEx 2019 Omnibus Stock Incentive Plan financial

"used to pay the exercise price in accordance with the FedEx 2019 Omnibus Stock Incentive Plan"

Stock Option (Right to Buy) financial

"security_title": "Stock Option (Right to Buy)""

dividend reinvestment financial

"4 shares that were acquired via dividend reinvestment as a result of dividends paid"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Form 4 Insider Transactions: What Each Field Means →

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^*

GORMAN STEPHEN E

(Last) (First) (Middle)

630 SUNDANCE CT.

(Street)

PROSPER TEXAS 75078

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/27/2026		M		4,727	A	$146.62	8,337(1)	D
Common Stock	04/27/2026		F		1,785(2)	D	$388.46	6,552	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
Stock Option (Right to Buy)	$146.62	04/27/2026		M			4,727	(3)	09/26/2032	Common Stock	4,727	$0	0	D

Explanation of Responses:

1. Ownership has been adjusted to reflect 4 shares that were acquired via dividend reinvestment as a result of dividends paid to all shareholders.

2. Represents the number of shares withheld by the Issuer as a result of the net exercise of stock options and used to pay the exercise price in accordance with the FedEx 2019 Omnibus Stock Incentive Plan.

3. These options first exercisable one year from date of grant.

	/s/ Stephen E. Gorman	04/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did FedEx (FDX) director Stephen E. Gorman report in this Form 4?

Stephen E. Gorman reported exercising stock options for 4,727 shares of FedEx common stock at an exercise price of $146.62 per share. The filing also shows shares withheld by the company to cover the exercise cost under its equity incentive plan.

Did Stephen E. Gorman sell FedEx (FDX) shares in the open market?

The filing does not show any open-market sale. Instead, 1,785 shares were withheld by FedEx as part of a net option exercise to pay the exercise price, classified as a tax-withholding disposition rather than a discretionary market transaction.

How many FedEx (FDX) shares were involved in Stephen Gorman’s option exercise?

Gorman exercised options covering 4,727 shares of FedEx common stock at an exercise price of $146.62 per share. As part of the same transaction, 1,785 shares were withheld by the issuer to pay the exercise cost under the company’s stock incentive plan.

How many FedEx (FDX) shares does Stephen E. Gorman own after these transactions?

After the reported transactions, Stephen E. Gorman directly owns 6,552 shares of FedEx common stock. This total reflects adjustments for the shares acquired via option exercise and the shares withheld by the company to satisfy the exercise price obligation.

What is the role of the FedEx 2019 Omnibus Stock Incentive Plan in this Form 4?

The FedEx 2019 Omnibus Stock Incentive Plan governed the net exercise of Gorman’s stock options. FedEx withheld 1,785 shares obtained from the option exercise to pay the exercise price, as described in the footnote, instead of requiring separate cash payment for that obligation.

Were any FedEx (FDX) options remaining after Stephen Gorman’s exercise?

For the specific option grant reported, the filing shows 4,727 underlying shares were fully exercised, leaving zero options from that grant outstanding. The derivative position related to this transaction now has a post-transaction balance of 0.0000 options.