FEDEX CORP (NYSE: FDX) COO reshapes family-linked share reporting
Rhea-AI Filing Summary
Smith Richard W reported disposition transactions in this Form 4 filing.
FEDEX CORP director and officer Richard W. Smith reported a change in how certain FedEx shares are attributed to him. He is no longer deemed the beneficial owner of 253,927 common shares previously reported as held by a family holding company. Following this reclassification, he reports 113,629 shares held directly and 79,600 shares held indirectly through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 253,927 shares
Net Sell
3 txns
Insider
Smith Richard W
Role
COO INTL - CEO Airline FEC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 253,927 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, by Family Holding Company);
Common Stock — 113,629 shares (Direct);
Common Stock — 79,600 shares (Indirect, By Family Trusts)
Footnotes (1)
- F1. Mr. Smith is no longer deemed to be the beneficial owner of the 253,927 shares previously reported as being held by a family holding company in light of the family holding company's governing structure.
Key Figures
Shares no longer deemed beneficially owned: 253,927 shares
Indirect family holding company position after change: 0 shares
Direct common shares held after filing: 113,629 shares
+2 more
5 metrics
Shares no longer deemed beneficially owned
253,927 shares
Common stock previously reported as held by a family holding company
Indirect family holding company position after change
0 shares
Total shares following transaction for that indirect holding line
Direct common shares held after filing
113,629 shares
Direct ownership position following the reported transactions
Indirect common shares via family trusts
79,600 shares
Indirect ownership through family trusts after the reported transactions
Reported price per share for code J transaction
0.0000 per share
Other disposition related to family holding company restructuring
Key Terms
beneficial owner, family holding company, indirect ownership
3 terms
beneficial owner regulatory
"no longer deemed to be the beneficial owner of the 253,927 shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
family holding company financial
"shares previously reported as being held by a family holding company"
indirect ownership financial
"indirect ownership through family trusts after the reported transactions"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What change did FedEx (FDX) insider Richard W. Smith report in this Form 4?
Richard W. Smith of FedEx (FDX) reported that 253,927 common shares previously attributed to him via a family holding company are no longer deemed his beneficial ownership. The filing reclassifies that indirect position while confirming ongoing direct and family trust holdings.
Was the FedEx (FDX) transaction by Richard W. Smith made under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, indicating the reported transaction was not identified as occurring under a pre-arranged Rule 10b5-1 trading plan. No trading-plan footnote is provided in the disclosure.