Equity awards for FedEx Freight (FDXF) CTO converted after spin-off
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FedEx Freight Holding Company, Inc. executive vice president and chief technology officer Michael Rodgers reported new equity awards tied to the company’s spin-off from FedEx Corporation. He received a grant of 497 shares of common stock, giving him 497 common shares held directly after the transaction.
Rodgers was also granted stock options on 4,883 shares of common stock at an exercise price of $88.85 per share, expiring on June 26, 2035. According to the footnotes, these awards were originally granted in FedEx stock and converted into FedEx Freight awards in connection with the spin-off, and the options vest ratably over four years from the original FedEx grant date and are first exercisable one year from that date.
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 | Stock Option (Right to Buy) | 4,883 | $0.00 | -- |
| Grant/Award | Common Stock | 497 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 4,883 shares (Direct, null);
Common Stock — 497 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: 497 shares
Common shares held after grant: 497 shares
Stock options granted: 4,883 options
+2 more
5 metrics
Common shares granted
497 shares
Grant of common stock to EVP & CTO on June 1, 2026
Common shares held after grant
497 shares
Total direct holdings of common stock following transaction
Stock options granted
4,883 options
Derivative award linked to common stock on June 1, 2026
Option exercise price
$88.85 per share
Conversion or exercise price for 4,883 options
Option expiration date
June 26, 2035
Expiration for the granted stock options
Key Terms
spin-off, equity awards, Stock Option (Right to Buy), vest ratably, +1 more
5 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.
equity awards financial
"including equity awards originally granted by FedEx, that have been converted"
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) as the derivative security title"
vest ratably financial
"Vest ratably over four years from the original grant date"
exercise price financial
"Represents options to acquire FedEx common stock that have been converted"
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 FedEx Freight (FDXF) disclose about Michael Rodgers’ recent equity awards?
FedEx Freight reported that EVP and CTO Michael Rodgers received 497 shares of common stock and 4,883 stock options. These awards reflect converted FedEx equity in connection with the FedEx Freight spin-off and are held directly as part of his compensation.
What are the key terms of Michael Rodgers’ new FedEx Freight (FDXF) stock options?
Michael Rodgers received 4,883 stock options for FedEx Freight common stock with an exercise price of $88.85 per share and an expiration date of June 26, 2035. The options were converted from FedEx options in connection with the spin-off transaction.
How do Michael Rodgers’ FedEx Freight (FDXF) stock options vest and become exercisable?
The options vest ratably over four years from the original FedEx grant date and are first exercisable one year from that original grant date. This means his FedEx Freight options follow the same vesting schedule that applied to the pre-spin FedEx stock options.
Are Michael Rodgers’ new FedEx Freight (FDXF) awards open-market purchases or compensation grants?
They are compensation-related grants, not open-market purchases. The Form 4 classifies both the common shares and stock options as acquisitions under a grant or award code, reflecting converted FedEx equity in connection with the FedEx Freight spin-off.