FedEx interim CFO Russ sells 16,762 shares
The two sale transactions have separately reported weighted-average prices and execution ranges, and the options span six exercise prices.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
At FedEx Corp., Interim CFO & Interim CAO Claude F. Russ exercised non-qualified stock options for 15,493 common shares on November 10, 2026, across six tranches with exercise prices from $176.07 to $232.55 per share. He acquired 15,493 common shares and sold 16,762 common shares that day. The sale prices were weighted averages of $316.1189 for 15,493 shares and $316.0102 for 1,269 shares; the respective execution ranges were $315.85–$316.40 and $315.99–$316.15. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Russ Claude F
Role
Interim CFO & Interim CAO
Sold
16,762 shs ($5.30M)
Approx. gross sale proceeds
$5.30M
Approx. exercise cost
$3.17M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) F3, F4 | 2,850 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F3, F4 | 3,585 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F3, F4 | 2,008 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F3, F4 | 2,997 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F3, F4 | 1,700 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F3, F4 | 2,353 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,850 | $206.64 | $589K |
| Exercise | Common Stock | 3,585 | $232.55 | $834K |
| Exercise | Common Stock | 2,008 | $179.14 | $360K |
| Exercise | Common Stock | 2,997 | $181.23 | $543K |
| Exercise | Common Stock | 1,700 | $176.07 | $299K |
| Exercise | Common Stock | 2,353 | $230.59 | $543K |
| Sale | Common Stock F1 | 15,493 | $316.1189 | $4.90M |
| Sale | Common Stock F2 | 1,269 | $316.0102 | $401K |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 8,457 options (Direct);
Common Stock — 4,387 shares (Direct)
Footnotes (4)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $315.85 to $316.40, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $315.99 to $316.15, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F3. In connection with the issuer's spin off of FedEx Freight Holding Company, Inc. on June 1, 2026, the reporting person's outstanding stock options were adjusted pursuant to the Plan to preserve the intrinsic value of the awards.
- F4. These options first exercisable one year from date of grant.
Key Figures
Shares underlying options exercised: 15,493 common shares
Common shares acquired upon exercise: 15,493 shares
Common shares sold: 16,762 shares
+3 more
6 metrics
Shares underlying options exercised
15,493 common shares
Six non-qualified option tranches on November 10, 2026
Common shares acquired upon exercise
15,493 shares
November 10, 2026
Common shares sold
16,762 shares
Two sale transactions on November 10, 2026
Sale transaction
15,493 shares at a weighted average of $316.1189 per share
Execution prices ranged from $315.85 to $316.40, inclusive; November 10, 2026
Sale transaction
1,269 shares at a weighted average of $316.0102 per share
Execution prices ranged from $315.99 to $316.15, inclusive; November 10, 2026
Option exercise prices
$176.07, $179.14, $181.23, $206.64, $230.59 and $232.55 per share
Six tranches exercised on November 10, 2026
Key Terms
Non-qualified Stock Option (Right to Buy), weighted average price, intrinsic value
3 terms
Non-qualified Stock Option (Right to Buy) financial
"Non-qualified Stock Option (Right to Buy)"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
intrinsic value financial
"to preserve the intrinsic value of the awards."
Intrinsic value is the true or actual worth of an asset based on its fundamental qualities, such as its income-generating ability or underlying assets, rather than its current market price. It helps investors determine whether an asset is overvalued or undervalued by comparing its real worth to its market value, much like estimating the true value of a used car beyond its sticker price based on its condition and history.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the exercise prices for Claude F. Russ's FDX options?
The six non-qualified stock option tranches exercised on November 10, 2026, had exercise prices of $206.64, $232.55, $179.14, $181.23, $176.07 and $230.59 per share. The options were adjusted in connection with FedEx's June 1, 2026 spin-off of FedEx Freight Holding Company, Inc., to preserve the awards' intrinsic value.
When were Claude F. Russ's FDX options first exercisable?
The options were first exercisable one year from the date of grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
