FedEx Freight (FDXF) CFO receives converted equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FedEx Freight Holding Company EVP and CFO Witt Marshall reported compensation-related equity awards. He received 986 shares of common stock and 4,614 stock options with a $93.56 exercise price. Footnotes explain these were FedEx equity awards converted into FedEx Freight awards in connection with the spin-off, vesting over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Witt Marshall
Role
EVP - Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 4,614 | $0.00 | -- |
| Grant/Award | Common Stock | 986 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 4,614 shares (Direct, null);
Common Stock — 986 shares (Direct, null)
Footnotes (1)
- Represents shares of common stock of FedEx Corporation ("FedEx"), including equity awards originally granted by FedEx, that have been converted into equity awards of FedEx Freight Holding Company, Inc. (the "Issuer") in connection with the spin-off of the Issuer from FedEx. Represents options to acquire FedEx common stock that have been converted into options to acquire the Issuer's common stock in connection with the spin-off of the Issuer from FedEx. Vest ratably over four years from the original grant date of the FedEx stock option (i.e., ten years prior to the option's expiration date) and are first exercisable one year from the original grant date.
Key Figures
Common shares granted: 986 shares
Options granted: 4,614 options
Option exercise price: $93.56 per share
+3 more
6 metrics
Common shares granted
986 shares
Award of common stock on June 1, 2026
Options granted
4,614 options
Stock options on common stock on June 1, 2026
Option exercise price
$93.56 per share
Conversion or exercise price for stock options
Option expiration date
October 15, 2035
Expiration of stock options converted from FedEx
Shares held after grant
986 shares
Total common stock directly owned post-transaction
Options held after grant
4,614 options
Total stock options directly owned post-transaction
Key Terms
spin-off, equity awards, Stock Option (Right to Buy), vest ratably, +1 more
5 terms
spin-off financial
"converted into equity awards of FedEx Freight Holding Company, Inc. ... 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.
equity awards financial
"including equity awards originally granted by FedEx, that have been converted into equity awards of FedEx Freight Holding Company, Inc."
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... options to acquire the Issuer's common stock"
vest ratably financial
"Vest ratably over four years from the original grant date of the FedEx stock option"
exercise price financial
"conversion or exercise price of 93.5600"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did FDXF CFO Witt Marshall report in this Form 4 filing?
Witt Marshall reported receiving equity awards in FedEx Freight. The filing shows 986 common shares and 4,614 stock options granted as part of compensation, converted from prior FedEx awards after the company’s spin-off, rather than open-market share purchases or sales.
What stock options were granted to the FDXF CFO in this transaction?
The CFO was granted options on 4,614 shares of common stock. These options carry a $93.56 exercise price per share and were converted from FedEx options into FedEx Freight options in connection with the spin-off transaction between the two companies.
When do Witt Marshall’s FDXF stock options expire and vest?
The options expire on October 15, 2035. According to the footnotes, they vest ratably over four years from the original FedEx grant date and are first exercisable one year after that original grant, maintaining the prior vesting schedule following conversion.
Are the FDXF CFO’s equity awards open-market transactions?
No, these are not open-market trades. The Form 4 describes them as grant or award acquisitions, with footnotes clarifying they are converted equity awards from FedEx tied to the corporate spin-off, not discretionary stock purchases or sales in the public market.
How many FDXF stock options does the CFO hold after this filing?
After the reported grant, the CFO holds 4,614 FedEx Freight stock options. This reflects the full amount shown following the transaction, all held directly, representing options converted from his previous FedEx equity compensation into the new company’s equity plan.