John W. Dietrich will resign as Executive Vice President and Chief Financial Officer of FedEx Corporation effective June 1, 2026. His final day of employment with the company will be July 31, 2026. The company entered into a separation and release agreement with Mr. Dietrich on May 7, 2026. Mr. Dietrich will receive a lump sum cash payment of $2,209,276 on or before August 31, 2026, representing one times his current base salary and target bonus. The agreement includes standard provisions for confidentiality, a two-year non-compete clause, and mutual non-disparagement.