Form 4: FedEx Director Joshua Cooper Ramo Reports Stock Transactions

Director Joshua Cooper Ramo reports acquisition of FedEx common stock and restricted stock units.

Summary

• On September 23, 2024, Joshua Cooper Ramo, a director of FedEx Corp, acquired 755 restricted stock units (RSUs) that vest on the date of the next FedEx Corporation annual stockholders' meeting.
• Ramo also acquired 542 shares of common stock at a price of $258.115 per share, issued in lieu of annual retainer fees of $140,000.
• Following these transactions, Ramo beneficially owns 7,077 shares of FedEx common stock and 6,535 restricted stock units.
• The ownership has been adjusted to reflect 10 shares that were acquired via dividend reinvestment as a result of dividends paid to all shareholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions and alignment of director interests with shareholders.

Positives

• Director Ramo's acquisition of shares reflects confidence in FedEx.
• The acquisition of shares in lieu of retainer fees aligns director interests with shareholder value.

Future Outlook

The RSUs vest on the date of the next FedEx Corporation annual stockholders' meeting.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.

Comparison to Industry Standards

• Director compensation through stock grants is a common practice among publicly traded companies to align the interests of directors with those of shareholders.
• The specific amount and vesting schedule of RSUs can vary widely based on company size, industry, and individual director agreements.
• Companies like UPS and Amazon also utilize stock-based compensation for their directors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director compensation and ownership.

Key Dates