FedEx (FDX) EVP Preet Kawal receives RSUs and non-qualified stock options

Rhea-AI Filing Summary

FedEx Corp executive vice president Preet Kawal received new equity awards as part of compensation. Kawal was granted 4,734 shares of FedEx common stock in the form of restricted stock units, which vest in equal installments on the first, second, and third anniversaries of the grant date and accrue dividend equivalents.

Kawal was also granted non-qualified stock options covering 3,567 shares of FedEx common stock at an exercise price of $323.62 per share, vesting ratably over three years and first exercisable one year after the grant date. Following these awards, Kawal directly holds 15,687 shares of FedEx common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Preet Kawal

Role EVP - Plng, Eng, & Transfmtn

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 — 15,687 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: 4,734 shares Stock options granted: 3,567 options Option exercise price: $323.62 per share +2 more

5 metrics

RSU grant 4,734 shares Restricted stock units granted to EVP Preet Kawal

Stock options granted 3,567 options Non-qualified stock options covering 3,567 shares

Option exercise price $323.62 per share Conversion or exercise price for new options

Shares held after grant 15,687 shares Total common shares directly held after RSU award

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

Key Terms

restricted stock units ("RSUs"), dividend equivalents, Non-qualified Stock Option (Right to Buy), vest ratably

4 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 ratably... 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 (Right to Buy) financial

"Non-qualified Stock Option (Right to Buy) with an exercise price and expiration date"

vest ratably financial

"These options vest ratably over three years from the date of grant"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 04:40 PM Accepted by SEC EDGAR 06/26/2026 - 04:40 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^*

Preet Kawal

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Plng, Eng, & Transfmtn

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	15,687	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/ Kawal Preet	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) EVP Preet Kawal receive?

Preet Kawal received restricted stock units and stock options. The grant includes 4,734 restricted stock units and 3,567 non-qualified stock options tied to FedEx common stock, forming part of Kawal’s executive compensation package with multi-year vesting conditions.

How many FedEx (FDX) restricted stock units were granted to Preet Kawal?

Kawal was granted 4,734 restricted stock units. Each RSU represents the right to receive one share of FedEx common stock upon vesting, scheduled to occur in three equal annual installments starting on the first anniversary of the grant date.

What are the terms of Preet Kawal’s new FedEx (FDX) stock options?

Kawal received 3,567 non-qualified stock options at a fixed exercise price. The options cover 3,567 shares at $323.62 per share, vest ratably over three years, and are first exercisable one year after the grant date according to the award terms.

How do the new RSUs for FedEx (FDX) EVP Kawal vest?

The RSUs vest in three equal annual installments. They vest ratably on the first, second, and third anniversaries of the grant date and also accrue dividend equivalents whenever FedEx pays dividends on its common stock.

How many FedEx (FDX) shares does Preet Kawal hold after these awards?

After the grant, Kawal directly holds 15,687 FedEx shares. This figure reflects common stock holdings following the award of 4,734 restricted stock units in addition to prior holdings, as reported in the insider transaction filing.

Are Preet Kawal’s new FedEx (FDX) equity awards open-market purchases?

No, these are compensation-related grants, not market purchases. The filing classifies both the restricted stock units and the non-qualified stock options as awards granted to Kawal, with a transaction code indicating grant or other acquisition.