FedEx (FDX) Executive Chairman R. Brad Martin granted 8,711 RSUs, updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MARTIN R BRAD reported acquisition or exercise transactions in this Form 4 filing.
FedEx Corp Executive Chairman R. Brad Martin reported an equity compensation grant and updated his holdings. He received 8,711 restricted stock units (RSUs), each convertible into one FedEx common share at no cash cost, vesting in equal installments on the first, second, and third anniversaries of the grant date. These RSUs also accrue dividend equivalents when FedEx pays dividends, effectively mirroring cash dividends on common stock as they vest. Following this award, Martin directly holds 49,550 shares of FedEx common stock and also has additional indirect holdings through various family trusts, a family foundation, GRATs, and shares held by his spouse, reflecting a mix of direct and indirect long-term ownership rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
MARTIN R BRAD
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,711 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,550 shares (Direct, null);
Common Stock — 38,440 shares (Indirect, By GRATs)
Footnotes (1)
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Key Figures
RSU grant size: 8,711 RSUs
Direct shares after grant: 49,550 shares
Child's Trust 1 holding: 750 shares
+5 more
8 metrics
RSU grant size
8,711 RSUs
Equity award to Executive Chairman R. Brad Martin
Direct shares after grant
49,550 shares
FedEx common stock directly held after RSU award
Child's Trust 1 holding
750 shares
Indirect FedEx common stock by Child's Trust 1
Child's Trust 2 holding
750 shares
Indirect FedEx common stock by Child's Trust 2
Child's Trust 3 holding
750 shares
Indirect FedEx common stock by Child's Trust 3
Spouse holding
2,100 shares
Indirect FedEx common stock held by wife
Family foundation holding
7,250 shares
Indirect FedEx common stock by R. Brad Martin Family Foundation
GRATs holding
38,440 shares
Indirect FedEx common stock by GRATs
Key Terms
restricted stock units ("RSUs"), dividend equivalents, GRATs, grant, award, or other acquisition, +1 more
5 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 on shares..."
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.
GRATs financial
"Common Stock ... nature_of_ownership: By GRATs"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"ownership_type: indirect ... nature_of_ownership: By Child's Trust, By Wife, By Family Foundation"
FAQ
What did FedEx (FDX) Executive Chairman R. Brad Martin report in this Form 4?
R. Brad Martin reported an equity compensation grant of 8,711 restricted stock units. These RSUs convert into FedEx common shares upon vesting and are not an open-market purchase or sale, but part of his ongoing compensation package and long-term ownership structure.
How do the 8,711 RSUs granted to R. Brad Martin at FedEx (FDX) vest?
The 8,711 restricted stock units vest ratably over three years. They vest in equal portions on the first, second, and third anniversaries of the grant date, gradually converting into FedEx common shares as long as the vesting conditions set by the company are satisfied.
Do the RSUs granted to FedEx (FDX) Executive Chairman R. Brad Martin pay dividends?
The RSUs are structured to accrue dividend equivalents whenever FedEx pays dividends on its common stock. These dividend equivalents mirror the cash dividends associated with common shares and are credited to the RSU award, enhancing the overall value as the units vest over time.
What indirect FedEx (FDX) holdings are associated with R. Brad Martin in this filing?
The filing lists indirect FedEx common stock holdings through three child trusts, his spouse, the R. Brad Martin Family Foundation, and certain GRATs. These entries describe ownership through related entities and family structures rather than direct trading, broadening the picture of his overall FedEx exposure.