4/A: FedEx Corp. Executive Corrects Stock Option Filing

FedEx Corp. Interim CFO Claude F. Russ files an amended Form 4 to correct the number of stock options previously reported due to a valuation methodology miscalculation.

Summary

• This filing is an amendment (Form 4/A) to a previously filed Form 4.
• The purpose of the amendment is to correct an error in the number of stock options reported on the original Form 4 filed on June 26, 2026.
• The error was due to a miscalculation in the Black-Scholes valuation methodology used to determine the reportable amount of stock options.
• The reporting person, Claude F. Russ, holds the title of Interim CFO & Interim CAO at FedEx Corp.
• The corrected transaction involves 772 non-qualified stock options with an exercise price of $323.62, acquired on June 25, 2026.
• These options vest ratably over three years from the grant date and are first exercisable one year from the grant date.
• A power of attorney document is also included, authorizing specific individuals to act on behalf of Claude F. Russ for SEC filings.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it corrects a previous error and clarifies the reporting of executive stock options, demonstrating diligence in compliance.

Negatives

• An initial miscalculation in reporting stock options occurred, requiring an amendment to the filing.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. It is an administrative correction of a previous filing.

Management Comments

• "This Form 4/A is being filed solely to correct the number of stock options reported on the Form 4 originally filed on June 26, 2026 ('Original Form 4')."
• "The number of stock options reported in the Original Form 4 was incorrect due to a miscalculation in the Black-Scholes valuation methodology used to determine the reportable amount of stock options."
• "These options vest ratably over three years from the date of grant and are first exercisable one year from date of grant."

Industry Context

StockSavvy.ai notes that this filing is a routine administrative correction related to insider reporting requirements under Section 16 of the Securities Exchange Act of 1934. Such amendments are common when initial filings contain minor errors in data or calculations, particularly concerning complex equity awards like stock options.

Stakeholder Impact

• Shareholders: The correction clarifies the exact number of stock options held by a key executive, providing more accurate information for assessing executive compensation and potential dilution.

Key Dates

Keywords

SEC Form 4/A, FedEx Corp, FDX, Stock Options, Insider Trading, Beneficial Ownership, Claude F. Russ, Interim CFO, Interim CAO, Black-Scholes Valuation, EDGAR Filing, Power of Attorney