FedEx Freight (FDXF) director receives converted stock and option awards
Rhea-AI Filing Summary
FedEx Freight Holding Company, Inc. director R. Brad Martin reported a series of equity award acquisitions in connection with the spin-off of the issuer from FedEx Corporation. The filing shows common stock awards to Martin directly and to related entities, including family trusts, a family foundation, GRATs and his spouse, with no cash paid for the shares.
The awards also include stock options to buy FedEx Freight common stock that were converted from existing FedEx options, with exercise prices between $58.40 and $94.36 per share and expirations from 2030 through 2035. Some options are fully vested and exercisable, while others vest ratably over four years and are first exercisable one year after the original FedEx grant date.
Positive
- None.
Negative
- None.
Insights
Director Martin reports converted equity awards from the FedEx spin-off, with no open‑market buying or selling.
The transactions are coded as grants or awards, reflecting equity originally granted by FedEx Corporation and converted into FedEx Freight Holding Company, Inc. stock and options in connection with the spin-off. All entries are acquisitions, not market trades, and the price per share is shown as $0.0000, underscoring their compensation nature.
The largest items are stock options on 47,044 and 11,867 shares at exercise prices of $94.36 and $58.40, expiring between 2030 and 2035. Some options are fully vested and exercisable, while others vest over four years, creating a multi‑year incentive structure rather than an immediate liquidity event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 6,502 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 7,155 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 11,867 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 47,044 | $0.00 | -- |
| Grant/Award | Common Stock | 20,419 | $0.00 | -- |
| Grant/Award | Common Stock | 19,220 | $0.00 | -- |
| Grant/Award | Common Stock | 3,625 | $0.00 | -- |
| Grant/Award | Common Stock | 1,050 | $0.00 | -- |
| Grant/Award | Common Stock | 375 | $0.00 | -- |
| Grant/Award | Common Stock | 375 | $0.00 | -- |
| Grant/Award | Common Stock | 375 | $0.00 | -- |
Footnotes (1)
- Represents equity awards originally granted by FedEx Corporation ("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. Fully vested and exercisable. 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.