FedEx Freight EVP granted shares and options
FedEx Freight Holding Company, Inc. executive Clement E. Klank III, EVP – CHRLO, reported equity awards tied to the spin-off from FedEx Corporation.
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Rhea-AI Filing Summary
FedEx Freight Holding Company, Inc. executive Clement E. Klank III, EVP – CHRLO, reported equity awards tied to the spin-off from FedEx Corporation. He acquired 5,029 shares of common stock, representing converted FedEx equity awards.
Klank also received several stock options (rights to buy common stock) that were converted from FedEx options, covering 8,084, 5,548, 7,921, 9,251 and 7,105 shares at exercise prices between $88.85 and $117.35 per share, with expirations from 2031 to 2035. Footnotes state some options are fully vested and exercisable, while others vest ratably over four years from their original FedEx grant dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 7,105 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 9,251 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 7,921 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 5,548 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 8,084 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,029 | $0.00 | $0.00 |
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. Fully vested and exercisable.
- F4. 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
Key Terms
Stock Option (Right to Buy) financial
spin-off financial
equity awards financial
vest ratably over four years financial
fully vested and exercisable financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Clement E. Klank III report in this FedEx Freight (FDXF) Form 4?
Are Clement Klank’s FedEx Freight (FDXF) stock options vested?
How is the FedEx Freight (FDXF) spin-off reflected in Clement Klank’s awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.