Director Stephen Gorman acquires 2,650 FedEx Freight (FDXF) shares via spin-off
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FedEx Freight Holding Company, Inc. director Stephen E. Gorman reported receiving 2,650 shares of Common Stock on June 1, 2026. The Form 4 classifies this as a grant or other acquisition with a reported price of $0.00 per share, indicating a non-cash event. A footnote explains these shares represent FedEx Corporation common stock that was converted into FedEx Freight Holding Company, Inc. common stock in connection with the spin-off of the issuer from FedEx. After this transaction, Gorman directly holds 2,650 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GORMAN STEPHEN E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,650 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,650 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 2,650 shares
Reported price per share: $0.00 per share
Shares held after transaction: 2,650 shares
3 metrics
Shares acquired
2,650 shares
Common Stock received June 1, 2026
Reported price per share
$0.00 per share
Grant/other acquisition classification
Shares held after transaction
2,650 shares
Direct ownership after conversion in spin-off
Key Terms
spin-off, Grant, award, or other acquisition, Common Stock
3 terms
spin-off financial
"in connection with the spin-off of the Issuer from FedEx"
A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
"Represents shares of common stock of FedEx Corporation"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did FedEx Freight (FDXF) disclose for Stephen E. Gorman?
FedEx Freight disclosed that director Stephen E. Gorman acquired 2,650 shares of Common Stock. The shares were received with a reported price of $0.00 per share, reflecting a non-cash acquisition tied to the company’s separation from FedEx Corporation.
What does the footnote in Stephen E. Gorman’s FedEx Freight (FDXF) Form 4 explain?
The footnote explains that the reported shares represent FedEx Corporation common stock converted into FedEx Freight Holding Company, Inc. common stock. This conversion occurred in connection with the spin-off of FedEx Freight from FedEx, clarifying that the acquisition stems from the corporate transaction.
Is Stephen E. Gorman’s FedEx Freight (FDXF) holding reported as direct or indirect ownership?
The Form 4 reports Stephen E. Gorman’s 2,650 FedEx Freight shares as direct ownership. The direct-or-indirect code is "D," indicating the shares are held directly in his name, with no separate entity or indirect ownership structure disclosed in the transaction details.