[Form 4] FEDEX CORP Insider Trading Activity

Rhea-AI Filing Summary

Insider purchases and option grant reported for FedEx (FDX). The reporting person, EVP CDIO & President FDW Vishal Talwar, acquired 9,302 shares of FedEx common stock on 09/22/2025 at no cash price recorded and now beneficially owns 9,302 shares directly. On the same date he was granted non-qualified stock options to buy 15,704 shares with an exercise price of $228.225 per share; those options vest ratably over four years and become first exercisable one year after grant, and expire 09/22/2035. The combined transactions increase his direct economic exposure to FedEx through both immediate share ownership and a multi-year incentive aligned to future stock performance.

Positive

• Insider increased direct ownership by acquiring 9,302 shares, signaling alignment with shareholder interests
• Long-term incentive grant: non-qualified options for 15,704 shares vest ratably over four years, promoting retention and alignment

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchased shares and received options, modestly increasing direct ownership while receiving multi-year incentive alignment.

The reported acquisition of 9,302 shares and grant of options for 15,704 underlying shares are straightforward compensation and ownership events rather than corporate actions. The option exercise price of $228.225 and a ten-year term to 09/22/2035 indicate standard long-term incentive design. Without percent ownership or company share count in the filing, these grants appear routine for an executive and are not immediately material to company valuation on their own.

Corporate Governance Expert

TL;DR: Transaction reflects executive alignment with shareholder interests via share ownership plus time-based vesting options.

The mix of an outright share acquisition and time-vested options aligns the executive’s incentives with long-term shareholder value. Vesting ratably over four years with a one-year cliff is a common governance practice to promote retention. The filing shows direct ownership rather than indirect holdings, simplifying beneficial ownership tracking for regulators and investors.

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^*

Talwar Vishal

(Last) (First) (Middle)

942 S SHADY GROVE ROAD

(Street)

MEMPHIS TN 38120

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP CDIO & PRESIDENT FDW

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		A		9,302	A	$0	9,302	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)	$228.225	09/22/2025		A		15,704		(1)	09/22/2035	Common Stock	15,704	$0	15,704	D

Explanation of Responses:

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

	/s/ Vishal Talwar	09/24/2025
	** 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 FedEx (FDX) insider Vishal Talwar acquire on 09/22/2025?

He acquired 9,302 shares of FedEx common stock on 09/22/2025 and beneficially owns 9,302 shares directly.

What option grant did the FedEx insider receive in this Form 4 for FDX?

He was granted non-qualified stock options covering 15,704 shares with an exercise price of $228.225 per share and an expiration of 09/22/2035.

How do the options vest for the FedEx (FDX) grant in this filing?

The options vest ratably over four years and are first exercisable one year from the grant date.

Are the reported holdings direct or indirect for Vishal Talwar in this Form 4?

The filing reports direct (D) ownership for both the acquired shares and the options' underlying shares.

What is the economic exposure created by the transactions in this Form 4 for FDX?

The transactions create immediate exposure via 9,302 purchased shares plus potential future exposure through 15,704 options exercisable at $228.225 per share through 09/22/2035.