Form 4: FedEx Director Stephen E. Gorman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen E. Gorman, a director of FedEx Corp, reported the acquisition of 755 restricted stock units and the disposal of 10 common stock shares via dividend reinvestment.
Summary
- On September 23, 2024, Stephen E. Gorman, a director of FedEx Corp, reported changes in his beneficial ownership of FedEx common stock.
- He acquired 755 restricted stock units (RSUs) which vest on the date of the next FedEx Corporation annual stockholders' meeting.
- These RSUs accrue dividend equivalents when a dividend is paid on shares of FedEx common stock.
- He also disposed of 10 shares of common stock due to dividend reinvestment.
- Following these transactions, Gorman beneficially owns 2,768 shares of FedEx common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their holdings, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of transaction: acquisition of RSUs and disposal of shares via dividend reinvestment. |
| 09/24/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.