Form 4: FedEx Director David P. Steiner Reports Stock Option Exercise and Share Sale
SEC Form 4 Filing
Director David P. Steiner of FedEx Corp. exercised stock options and sold shares on July 2, 2024.
Summary
- On July 2, 2024, David P. Steiner, a director of FedEx Corp., executed transactions involving FedEx common stock.
- Steiner exercised stock options to acquire 2,535 shares at a price of $160.525 per share.
- Following the exercise, Steiner sold 1,369 shares at a weighted average price of $297.7069, with individual prices ranging from $297.7021 to $297.805.
- After these transactions, Steiner directly owns 35,183 shares of FedEx common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative implications.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of stock option exercise and share sale. |
| 09/29/2024 | Expiration date of the stock options. |
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