STOCK TITAN

FedEx (NYSE: FDX) CEO exercises options, covers taxes with withheld shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FedEx Corp President and CEO Rajesh Subramaniam exercised non-qualified stock options and used company stock to cover the exercise price and related taxes. On April 20, 2026, he exercised options for 9,185 shares at $261.78 and 12,120 shares at $207.305 per share.

The issuer withheld 15,984 shares at $392.445 to pay the option exercise price and required tax withholdings under FedEx’s 2010 Omnibus Stock Incentive Plan, a non‑market transaction. After these moves, he directly holds 91,092 FedEx shares and indirectly holds 43,032 shares through a family trust.

Positive

  • None.

Negative

  • None.
Insider Subramaniam Rajesh
Role President/CEO
Type Security Shares Price Value
Exercise Non-qualified Stock Option (Right to Buy) 12,120 $0.00 --
Exercise Non-qualified Stock Option (Right to Buy) 9,185 $0.00 --
Exercise Common Stock 12,120 $207.31 $2.51M
Exercise Common Stock 9,185 $261.78 $2.40M
Tax Withholding Common Stock 15,984 $392.445 $6.27M
holding Common Stock -- -- --
Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 shares (Direct, null); Common Stock — 97,891 shares (Direct, null); Common Stock — 43,032 shares (Indirect, By Family Trust)
Footnotes (1)
  1. 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 and required tax withholdings in accordance with the FedEx's 2010 Omnibus Stock Incentive Plan. These options vest ratably over four years from the date of grant and are first exercisable one year from date of grant.
Options Exercised 21,305 shares Common stock acquired via option exercises on April 20, 2026
Strike Price 1 $261.78/share Exercise price for 9,185 non-qualified stock options
Strike Price 2 $207.305/share Exercise price for 12,120 non-qualified stock options
Shares Withheld for Taxes 15,984 shares at $392.445 Shares withheld to pay exercise price and required tax withholdings
Direct Holdings After 91,092 shares FedEx common stock directly owned after April 20, 2026 transactions
Indirect Holdings After 43,032 shares FedEx common stock held via family trust after transactions
Non-qualified Stock Option (Right to Buy) financial
"security_title: "Non-qualified Stock Option (Right to Buy)""
net exercise financial
"Represents the number of shares withheld by the Issuer as a result of the net exercise of stock options"
2010 Omnibus Stock Incentive Plan financial
"in accordance with the FedEx's 2010 Omnibus Stock Incentive Plan"
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.
SEC Form 4
FORM 4UNITED 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*
Subramaniam Rajesh

(Last)(First)(Middle)
942 S SHADY GROVE ROAD

(Street)
MEMPHIS TENNESSEE 38120

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President/CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/20/2026M12,120A$207.3197,891D
Common Stock04/20/2026M9,185A$261.78107,076D
Common Stock04/20/2026F15,984(1)D$392.44591,092D
Common Stock43,032IBy Family 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-qualified Stock Option (Right to Buy)$207.30504/20/2026M12,120 (2)06/12/2027Common Stock12,120$00D
Non-qualified Stock Option (Right to Buy)$261.7804/20/2026M9,185 (2)06/11/2028Common Stock9,185$00D
Explanation of Responses:
1. 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 and required tax withholdings in accordance with the FedEx's 2010 Omnibus Stock Incentive Plan.
2. These options vest ratably over four years from the date of grant and are first exercisable one year from date of grant.
Alana L. Griffin, Attorney-in-Fact for Rajesh Subramaniam04/22/2026
** Signature of Reporting PersonDate
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) CEO Rajesh Subramaniam do in this Form 4 filing?

Rajesh Subramaniam exercised non-qualified stock options for 21,305 FedEx shares and paid the exercise price and taxes using 15,984 withheld shares. These are compensation-related, structured transactions rather than open-market purchases or sales of FedEx common stock.

How many FedEx (FDX) options did the CEO exercise and at what prices?

He exercised options covering 9,185 shares at $261.78 and 12,120 shares at $207.305. These option exercises converted derivative awards into FedEx common stock as part of his compensation, without indicating open-market buying activity.

Were any of the FedEx (FDX) CEO’s shares sold on the open market?

The filing shows 15,984 shares were withheld by FedEx at $392.445 to pay the option exercise price and required tax withholdings. This tax-withholding disposition is an internal, non-market transaction, not an open-market sale to third-party investors.

How many FedEx (FDX) shares does the CEO hold after these transactions?

After the reported transactions, Rajesh Subramaniam directly owns 91,092 FedEx common shares and indirectly owns 43,032 shares through a family trust. These figures reflect his holdings reported as of the April 20, 2026 transaction date.

What is the role of the FedEx 2010 Omnibus Stock Incentive Plan in this Form 4?

The 2010 Omnibus Stock Incentive Plan governs the stock options Subramaniam exercised and the share withholding. FedEx used 15,984 shares under this plan to cover the option exercise price and required tax withholdings associated with his compensation.

Are the CEO’s FedEx (FDX) option exercises part of a vesting schedule?

A footnote explains these options vest ratably over four years from grant and are first exercisable one year after grant. The April 20, 2026 exercises reflect use of vested options under those plan terms, not a newly granted award.