FedEx Freight (FDXF) EVP Michael Lyons receives converted stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FedEx Freight Holding Company, Inc. executive Michael B. Lyons, EVP and Chief Commercial Officer, reported equity awards connected to the spin-off from FedEx Corporation. He acquired 580 shares of common stock at no cash cost, converted from prior FedEx equity awards.
He also received stock options covering a total of 10,678 shares of common stock at exercise prices ranging from $88.85 to $116.36 per share, all held directly. Footnotes explain these represent FedEx stock options and awards converted into FedEx Freight awards, which vest ratably over four years from each original FedEx grant date and are first exercisable one year after those original grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Lyons Michael B
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 1,174 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 2,008 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 2,189 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 424 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 4,883 | $0.00 | -- |
| Grant/Award | Common Stock | 580 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,174 shares (Direct, null);
Common Stock — 580 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 stock award: 580 shares
Option grant 1 size: 4,883 options
Option grant 1 strike: $88.85/share
+5 more
8 metrics
Common stock award
580 shares
Shares of common stock acquired as equity award
Option grant 1 size
4,883 options
Stock options with $88.85 exercise price
Option grant 1 strike
$88.85/share
Exercise price for 4,883 options
Option grant 2 size
424 options
Stock options with $102.81 exercise price
Option grant 3 size
2,189 options
Stock options with $116.36 exercise price
Option grant 4 size
2,008 options
Stock options with $91.45 exercise price
Option grant 5 size
1,174 options
Stock options with $90.40 exercise price
Total option coverage
10,678 shares
Total underlying common shares for all options granted
Key Terms
Stock Option (Right to Buy), spin-off, equity awards, vest ratably, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" for multiple derivative entries"
spin-off financial
"converted into equity awards of FedEx Freight Holding Company, Inc. in connection with the spin-off"
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"
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.
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 fields such as "88.8500" and "116.3600""
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 insider transaction did FDXF executive Michael B. Lyons report?
Michael B. Lyons reported acquiring equity awards in FedEx Freight Holding Company, Inc. He received 580 shares of common stock and multiple stock option grants, all classified as grant or award acquisitions rather than open-market purchases or sales, linked to the FedEx spin-off.
What stock options were granted to Michael B. Lyons in the FDXF Form 4?
Lyons received stock options over several blocks of shares: 4,883, 424, 2,189, 2,008, and 1,174 shares. Each block is a grant or award acquisition of options to buy FedEx Freight common stock, converted from prior FedEx options as part of the spin-off.
What are the exercise prices of Michael B. Lyons’ FedEx Freight stock options?
The options reported have exercise prices of $88.85, $102.81, $116.36, and $91.45, plus an additional grant at $90.40. These prices match the converted FedEx stock option terms and apply to specific blocks of options tied to the original FedEx grants.
How do the converted FedEx equity awards affect Michael B. Lyons’ FDXF holdings?
Following these transactions, Lyons directly holds 580 shares of FedEx Freight common stock and several option positions. The options collectively cover 10,678 underlying common shares, giving him potential future ownership if he exercises them at their stated exercise prices.
How do Michael B. Lyons’ FedEx Freight options vest after the spin-off?
The options vest ratably over four years from each original FedEx stock option’s grant date. According to the filing, they are first exercisable one year after the original FedEx grant date and have expiration dates roughly ten years after those original grants.