FedEx Freight (FDXF) CTO Michael Rodgers granted multi-year RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FedEx Freight Holding Company EVP and Chief Technology Officer Michael Rodgers reported stock-based compensation awards. On June 29, 2026, he received two grants of common-stock-settled restricted stock units. One grant covers 1,837 RSUs that fully vest on May 15, 2027. A second grant of 3,340 RSUs vests in three installments on May 15, 2027, March 31, 2028, and February 15, 2029. Each RSU converts into one share upon vesting and does not accrue dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rodgers Michael
Role
EVP - Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,340 | $0.00 | -- |
| Grant/Award | Common Stock | 1,837 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,837 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock units ("RSUs") that fully vest on May 15, 2027. Each RSU represents a right to receive one share of FedEx Freight Holding Company, Inc. common stock upon vesting and do not accrue dividend equivalent rights. Represents a grant of RSUs that vest ratably in three installments on May 15, 2027, March 31, 2028, and February 15, 2029.
Key Figures
RSU grant 1: 1,837 RSUs
RSU grant 2: 3,340 RSUs
Vesting date 1: May 15, 2027
+2 more
5 metrics
RSU grant 1
1,837 RSUs
Grant that fully vests on May 15, 2027
RSU grant 2
3,340 RSUs
Grant vesting in three installments from 2027 to 2029
Vesting date 1
May 15, 2027
Full vesting for 1,837 RSUs and first tranche of second grant
Vesting date 2
March 31, 2028
Second installment of 3,340 RSU grant
Vesting date 3
February 15, 2029
Final installment of 3,340 RSU grant
Key Terms
restricted stock units ("RSUs"), vest, dividend equivalent rights
3 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs") that fully vest on May 15, 2027."
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.
vest financial
"Represents a grant of RSUs that vest ratably in three installments on May 15, 2027, March 31, 2028, and February 15, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
dividend equivalent rights financial
"Each RSU represents a right to receive one share ... and do not accrue dividend equivalent rights."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
FAQ
What insider transaction did FedEx Freight (FDXF) report for Michael Rodgers?
Michael Rodgers, EVP and Chief Technology Officer at FedEx Freight, reported receiving two grants of restricted stock units. These RSUs are stock-based compensation awards that will convert into common shares over time, subject to specific vesting dates through 2029.
How many RSUs did FedEx Freight (FDXF) grant to Michael Rodgers?
Michael Rodgers received two separate RSU grants: one covering 1,837 restricted stock units and another covering 3,340 restricted stock units. Each unit represents the right to receive one share of FedEx Freight Holding Company, Inc. common stock when the applicable vesting conditions are met.
When do Michael Rodgers’ FedEx Freight (FDXF) RSU awards vest?
One RSU grant to Michael Rodgers fully vests on May 15, 2027. The second grant vests in three installments on May 15, 2027, March 31, 2028, and February 15, 2029, creating a staggered vesting schedule over several years.
Do Michael Rodgers’ FedEx Freight (FDXF) RSUs receive dividend equivalents?
The RSUs granted to Michael Rodgers do not accrue dividend equivalent rights. This means that, before vesting and settlement into common shares, the RSUs will not receive cash or additional units related to any dividends paid on FedEx Freight common stock.
Is Michael Rodgers’ Form 4 for FedEx Freight (FDXF) an open-market stock purchase?
No, the Form 4 reflects compensation-related grants coded as “A” for award or other acquisition. These are restricted stock unit awards at no cash cost per share, rather than open-market purchases or sales executed by Michael Rodgers in the public market.