FedEx (FDX) CEO Rajesh Subramaniam receives new RSUs and options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Subramaniam Rajesh reported acquisition or exercise transactions in this Form 4 filing.
FedEx Corp President and CEO Rajesh Subramaniam reported new equity awards and updated his share holdings. He received a grant of 14,591 restricted stock units, each convertible into one FedEx common share as they vest over three years and accrue dividend equivalents. He was also granted 10,999 non-qualified stock options with a strike price of $323.62 per share, vesting ratably over three years and expiring in 2036. Following these awards, he directly holds 105,683 FedEx shares, and a family trust indirectly holds 43,032 additional shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Subramaniam Rajesh
Role
President/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-qualified Stock Option (Right to Buy) | 10,999 | $0.00 | -- |
| Grant/Award | Common Stock | 14,591 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 10,999 shares (Direct, null);
Common Stock — 105,683 shares (Direct, null);
Common Stock — 43,032 shares (Indirect, By Family Trust)
Footnotes (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 size: 14,591 RSUs
Option grant size: 10,999 options
Option strike price: $323.62 per share
+3 more
6 metrics
RSU grant size
14,591 RSUs
Granted to CEO; each RSU equals one FedEx common share upon vesting
Option grant size
10,999 options
Non-qualified stock options granted to CEO on common stock
Option strike price
$323.62 per share
Conversion or exercise price for non-qualified stock options
Option expiration
June 25, 2036
Expiration date of the non-qualified stock options
Direct shares after grant
105,683 shares
FedEx common stock directly owned by CEO after reported transactions
Family trust shares
43,032 shares
FedEx common stock held indirectly through a family trust
Key Terms
restricted stock units ("RSUs"), dividend equivalents, Non-qualified Stock Option (Right to Buy), vest ratably, +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.
Non-qualified Stock Option (Right to Buy) financial
"security_title: "Non-qualified Stock Option (Right to Buy)""
vest ratably financial
"These options vest ratably over three years from the date of grant..."
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did FedEx (FDX) CEO Rajesh Subramaniam report in this Form 4?
FedEx CEO Rajesh Subramaniam reported new equity compensation awards. He received restricted stock units and stock options, and the filing updates both his direct share ownership and indirect holdings through a family trust in FedEx common stock.
How many FedEx (FDX) restricted stock units were granted to the CEO?
Rajesh Subramaniam received 14,591 restricted stock units. Each RSU represents one FedEx common share upon vesting, with the units vesting ratably on the first through third anniversaries and accruing dividend equivalents when FedEx pays common stock dividends.
What stock options did the FedEx (FDX) CEO receive in this filing?
He was granted 10,999 non-qualified stock options with a conversion price of $323.62 per share. These options vest ratably over three years from the grant date and are first exercisable one year after the grant, expiring in 2036.
Are the new FedEx (FDX) CEO stock awards open-market purchases or compensation?
The reported transactions are compensation-related equity awards. They are classified as grants or awards of restricted stock units and non-qualified stock options, not open-market purchases or sales of FedEx common stock by the CEO.
How do the FedEx (FDX) CEO RSUs vest and what are dividend equivalents?
The RSUs vest in three equal annual installments on the first through third anniversaries of grant. They also accrue dividend equivalents, meaning additional units or cash amounts tied to dividends FedEx pays on its common stock during the vesting period.