Form 4: FedEx Director Paul S. Walsh Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Director Paul S. Walsh reports exercising stock options and selling shares of FedEx Corp on June 28, 2024.
Summary
- On June 28, 2024, Paul S. Walsh, a director of FedEx Corp, exercised stock options to acquire 2,535 shares of common stock at a price of $160.53 per share.
- Simultaneously, Walsh sold 2,535 shares of FedEx common stock at a price of $294.7243 per share.
- Following these transactions, Walsh directly owns 14,745 shares of FedEx common stock.
- The exercised stock options were granted previously and became exercisable one year from the grant date, expiring on September 29, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This 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 shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely negligible given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 09/29/2024 | Expiration date of the stock options. |
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