Form 4: FedEx Director Perpall Boosts Stake with RSU Grant

FedEx Director Frederick Perpall reported the acquisition of 823 common shares through restricted stock units and an adjustment for dividend reinvestment.

Summary

• Frederick Perpall, a Director of FedEx Corp (FDX), reported changes in his beneficial ownership.
• Acquired 823 shares of common stock through Restricted Stock Units (RSUs) on September 29, 2025, with a transaction price of $0.
• These RSUs will vest on the date of the next FedEx Corporation annual stockholders' meeting and accrue dividend equivalents.
• Beneficial ownership was adjusted to reflect an additional 12 shares acquired via dividend reinvestment.
• Following these transactions, Perpall beneficially owns 3,793 shares of FedEx common stock.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their stake, albeit through compensation, which aligns interests with shareholders. It's a routine event, so not highly impactful.

Positives

• Director Frederick Perpall increased his beneficial ownership in FedEx, aligning his interests with shareholders.
• The acquisition of shares through Restricted Stock Units (RSUs) is a form of long-term incentive compensation for directors.
• An additional 12 shares were acquired through dividend reinvestment, indicating continued participation in the company's dividend program.

Negatives

• The acquired shares are Restricted Stock Units (RSUs) and not an open market purchase, meaning they are compensation rather than a direct investment of personal capital.
• The RSUs are subject to a vesting period, meaning the director does not have full ownership until the next annual stockholders' meeting.

Risks

• The Restricted Stock Units (RSUs) are subject to forfeiture if the director's service terminates before the vesting date.
• The value of the RSUs is tied to the future performance of FedEx's common stock.

Future Outlook

The 823 Restricted Stock Units granted to Director Frederick Perpall are scheduled to vest on the date of the next FedEx Corporation annual stockholders' meeting. These units will also accrue dividend equivalents until vesting.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or competitive analysis. It reflects standard compensation practices for non-management directors in publicly traded companies like FedEx.

Corporate Governance

Stakeholder Impact

• **Shareholders**: The increase in director ownership, even through compensation, can be viewed positively as it aligns management interests with shareholder value. The dividend reinvestment also shows continued participation.
• **Directors**: The RSU grant is a component of the director's compensation package, providing long-term incentives.

Next Steps

• The Restricted Stock Units (RSUs) will vest on the date of the next FedEx Corporation annual stockholders' meeting.
• Dividend equivalents will accrue on the RSUs until their vesting date.

Key Dates

Keywords

FedEx, FDX, Frederick Perpall, Director, Insider Trading, Form 4, Restricted Stock Units, RSU, Beneficial Ownership, Dividend Reinvestment