FedEx (NYSE: FDX) COO Richard Smith receives new RSUs and stock options
Rhea-AI Filing Summary
FedEx Corp director and executive Richard W. Smith reported new equity awards and updated holdings. He received 4,734 restricted stock units, each representing one future share of common stock upon vesting. These RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date and will accrue dividend equivalents.
He was also granted a non-qualified stock option for 3,567 shares at an exercise price of $323.62 per share, vesting ratably over three years and first exercisable one year from grant. Following these awards, he directly holds 113,629 common shares, with additional indirect holdings through family trusts and a family holding company. The filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,734 shares
Net Buy
4 txns
Insider
Smith Richard W
Role
COO INTL - CEO Airline FEC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-qualified Stock Option (Right to Buy) | 3,567 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 4,734 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 3,567 shares (Direct);
Common Stock — 113,629 shares (Direct);
Common Stock — 253,927 shares (Indirect, by Family Holding Company);
Common Stock — 79,600 shares (Indirect, By Family Trusts)
Footnotes (2)
- F1. Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right to receive one share of Company common stock upon vesting. The RSUs vest ratably on the first through third anniversaries of the grant date and shall accrue dividend equivalents when a dividend is paid on shares of FedEx common stock.
- F2. These options vest ratably over three years from the date of grant and are first exercisable one year from date of grant.
Key Figures
RSU grant: 4,734 RSUs
Option grant: 3,567 options
Option exercise price: $323.62 per share
+3 more
6 metrics
RSU grant
4,734 RSUs
Common stock units granted to Richard W. Smith
Option grant
3,567 options
Non-qualified stock options granted
Option exercise price
$323.62 per share
Exercise price for new non-qualified stock options
Direct holdings after grant
113,629 shares
FedEx common stock held directly by Richard W. Smith
Indirect trust holdings
79,600 shares
FedEx common stock held by family trusts
Indirect holding company shares
253,927 shares
FedEx common stock held by family holding company
Key Terms
restricted stock units ("RSUs"), dividend equivalents, Non-qualified Stock Option (Right to Buy), vest ratably, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
dividend equivalents financial
"The RSUs vest... and shall accrue dividend equivalents when a dividend is paid on shares of FedEx common stock."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Non-qualified Stock Option (Right to Buy) financial
"security_title": "Non-qualified Stock Option (Right to Buy)""
vest ratably financial
"These options vest ratably over three years from the date of grant..."
exercise price financial
"conversion_or_exercise_price": "323.6200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did FedEx (FDX) executive Richard W. Smith receive in this Form 4 filing?
Richard W. Smith received new equity awards consisting of 4,734 restricted stock units and 3,567 non-qualified stock options. These awards are compensation-related grants, not open-market trades, and increase his potential ownership in FedEx common stock over time as they vest.
How do Richard W. Smith’s new FedEx (FDX) RSUs vest and what do they represent?
The 4,734 FedEx RSUs vest ratably over three years, on the first through third anniversaries of the grant date. Each RSU represents one future share of FedEx common stock upon vesting and will accrue dividend equivalents when FedEx pays dividends on its common shares.
What are the terms of the new FedEx (FDX) stock options granted to Richard W. Smith?
Richard W. Smith was granted 3,567 non-qualified stock options with a $323.62 exercise price per share, expiring in 2036. These options vest ratably over three years and are first exercisable one year after the grant date, giving him the right to buy FedEx shares at that price.
Does this FedEx (FDX) Form 4 show any open-market buying or selling by Richard W. Smith?
No, the Form 4 does not show any open-market purchases or sales. It reports compensation-related grants of RSUs and stock options, plus updated indirect holdings through family entities, which are different from discretionary market trading in FedEx shares.
What do dividend equivalents on FedEx (FDX) RSUs mean for Richard W. Smith?
Dividend equivalents mean his RSUs will accrue amounts when FedEx pays dividends on its common stock. These equivalents typically mirror the dividends paid per share, enhancing the economic value of the RSUs until they convert into actual FedEx shares at vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
