[Form 4] FEDEX CORP Insider Trading Activity

Rhea-AI Filing Summary

Amy B. Lane, a director of FedEx Corporation (FDX), received a grant of 823 restricted stock units (RSUs) on 09/29/2025 at no cash price, increasing her direct beneficial ownership to 4,907 shares. The RSUs vest on the date of the next FedEx annual stockholders' meeting and accrue dividend equivalents when dividends are paid on FedEx common stock. The filing also reports 333 shares held indirectly by trusts and notes that ownership was adjusted to reflect 12 additional shares acquired through dividend reinvestment.

Positive

• Director alignment: RSU grant ties director compensation to shareholder value by vesting into common stock and accruing dividend equivalents
• Increased ownership: Direct beneficial ownership rose to 4,907 shares, demonstrating continued stake in the company

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A routine director RSU grant that aligns compensation with shareholder value, vesting at the next annual meeting.

The reported transaction is a standard non-management director equity award: 823 RSUs granted at $0 that vest at the next annual stockholders' meeting and carry dividend equivalent rights. Such awards are commonly used to align directors' interests with long-term shareholder outcomes. The increase to 4,907 shares of direct beneficial ownership, plus 333 shares held indirectly by trusts, modestly increases the director's stake. There is no indication of cash purchase, option exercise, or sale activity in this filing.

Securities Analyst

TL;DR: Transaction is non-dilutive grant to a director; immaterial to FedEx capitalization or near-term market impact.

This Form 4 reports an equity grant to a director rather than a market purchase or sale. The RSUs are granted with dividend equivalents and vest at the next annual meeting, implying a short-term time-to-vesting but not immediate share issuance until vesting occurs. The adjustment of 12 shares via dividend reinvestment is administrative. From a shareholder perspective, the filing signals routine governance compensation and is unlikely to be material to FDX valuation or trading.

10/01/2025 - 05:13 PM

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LANE AMY B

(Last) (First) (Middle)

46 WHEATON WAY

(Street)

WATER MILL NY 11976

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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	09/29/2025		A		823(1)	A	$0	4,907(2)	D
Common Stock								333	I	by Trusts

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

Explanation of Responses:

1. These shares are subject to restricted stock units ("RSUs"). The RSUs vest on the date of the next FedEx Corporation annual stockholders' meeting and shall accrue dividend equivalents when a dividend is paid on shares of FedEx common stock, as set forth in the form of Restricted Stock Unit Agreement for Non-Management Directors.

2. Ownership has been adjusted to reflect 12 shares that were acquired via dividend reinvestment as a result of dividends paid to all shareholders.

	/s/ Amy B. Lane	10/01/2025
	** 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 Amy B. Lane report on the Form 4 for FDX?

The Form 4 reports a grant of 823 RSUs on 09/29/2025, vesting at the next annual stockholders' meeting, increasing direct beneficial ownership to 4,907 shares.

Are the RSUs paid in cash or shares?

The RSUs were reported with a $0 price, indicating a grant of restricted stock units rather than a cash purchase.

Do the RSUs receive dividends?

Yes, the RSUs shall accrue dividend equivalents when dividends are paid on FedEx common stock, per the Restricted Stock Unit Agreement for Non-Management Directors.

Does Amy Lane have indirect holdings reported?

Yes, the filing shows 333 shares held indirectly by trusts.

Why was ownership adjusted by 12 shares?

Ownership was adjusted to reflect 12 shares acquired via dividend reinvestment resulting from dividends paid to shareholders.