FedEx (FDX) U.S. & Canada COO receives new RSU and stock option grants

Rhea-AI Filing Summary

FedEx Corp COO for U.S. & Canada, L. Scott Ray, received new equity awards. He was granted 4,734 shares of common stock in the form of restricted stock units at no cash cost, increasing his direct holdings to 19,376 shares. These RSUs vest in three equal annual installments and earn dividend equivalents in line with FedEx dividends.

He also received non-qualified stock options for 3,567 shares of common stock with an exercise price of $323.62 per share. These options vest ratably over three years and are first exercisable one year from the grant date, providing additional long-term, performance-linked compensation.

Insights

Equity compensation analyst

Routine equity grants increase COO’s stock and option-based incentives.

The COO of FedEx Corp received 4,734 restricted stock units and 3,567 non-qualified stock options as part of long-term compensation. Both awards are granted at no immediate cash outlay and align his wealth more closely with common shareholders.

The RSUs vest over three years and accrue dividend equivalents, while options at an exercise price of $323.62 are also three-year vesting and first exercisable after one year, encouraging retention and multi-year performance focus. No shares were sold or disposed in this filing.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ray Scott L

Role COO, U.S. & CANADA

Type	Security	Shares	Price	Value
Grant/Award	Non-qualified Stock Option (Right to Buy)	3,567	$0.00	--
Grant/Award	Common Stock	4,734	$0.00	--

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 3,567 shares (Direct, null); Common Stock — 19,376 shares (Direct, null)

Footnotes (1)

1. 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. 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 size: 4,734 shares Shares held after grant: 19,376 shares Option grant size: 3,567 options +2 more

5 metrics

RSU grant size 4,734 shares Restricted stock units granted to COO on grant date

Shares held after grant 19,376 shares Direct FedEx common stock holdings after RSU award

Option grant size 3,567 options Non-qualified stock options granted, underlying common shares

Option exercise price $323.62/share Strike price of non-qualified stock option grant

Option expiration June 25, 2036 Expiration date of granted non-qualified stock options

Key Terms

restricted stock units ("RSUs"), dividend equivalents, Non-qualified Stock Option, vest ratably, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right"

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"

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 financial

"Non-qualified Stock Option (Right to Buy)"

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 04:42 PM Accepted by SEC EDGAR 06/26/2026 - 04:41 PM Learn about SEC filing dates

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^*

Ray Scott L

(Last) (First) (Middle)

1000 FEDEX DRIVE

(Street)

MOON TOWNSHIP PENNSYLVANIA 15108

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO, U.S. & CANADA

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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	06/25/2026		A		4,734(1)	A	$0	19,376	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)	$323.62	06/25/2026		A		3,567		(2)	06/25/2036	Common Stock	3,567	$0	3,567	D

Explanation of Responses:

1. 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.

2. These options vest ratably over three years from the date of grant and are first exercisable one year from date of grant.

	/s/ Scott L. Ray	06/26/2026
	** 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 equity awards did FedEx (FDX) COO L. Scott Ray receive in this Form 4?

L. Scott Ray received 4,734 restricted stock units and 3,567 non-qualified stock options. Both awards are part of his long-term equity compensation and were granted at no cash cost on the transaction date disclosed.

How do the new restricted stock units for FedEx (FDX) COO vest?

The 4,734 restricted stock units vest in three equal annual installments on the first, second, and third anniversaries of the grant date. Each RSU converts into one FedEx common share upon vesting, subject to continued service and award terms.

What is the exercise price and vesting schedule of the FedEx (FDX) stock options granted?

The non-qualified stock options cover 3,567 shares at an exercise price of $323.62 per share. They vest ratably over three years and are first exercisable one year from the grant date, with an expiration date in 2036, creating a long-term incentive horizon.

Did the FedEx (FDX) COO buy or sell any shares on the market in this Form 4?

No market purchases or sales were reported. The filing only shows grant or award acquisitions of restricted stock units and stock options, with no dispositions. The transactions reflect compensation awards rather than open-market trading activity.

How many FedEx (FDX) shares does the COO hold after the RSU grant reported?

After the 4,734-share restricted stock unit grant, the COO directly holds 19,376 shares of FedEx common stock. This figure reflects his direct ownership immediately following the reported non-derivative transaction in the Form 4 filing.

Do the FedEx (FDX) restricted stock units in this filing earn dividends?

Yes. The restricted stock units accrue dividend equivalents whenever FedEx pays dividends on its common stock. These equivalents are credited in line with actual dividend payments and are typically delivered according to the award’s terms upon vesting.