Form 4: FedEx Director Susan C. Schwab Reports Stock Transactions
SEC Form 4 Filing
Director Susan C. Schwab reports the acquisition and disposal of FedEx Corp stock and related derivative securities.
Summary
- On March 27, 2024, Susan C. Schwab, a director of FedEx Corp, reported transactions involving the company's stock.
- Schwab acquired 2,535 shares of common stock at $160.53 and 3,610 shares at $142.11 through the exercise of stock options.
- She also disposed of 6,145 shares at a weighted average price of $288.0235.
- Following these transactions, Schwab beneficially owns 7,865 shares of FedEx Corp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company leadership.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions are typical for directors who receive stock options as part of their compensation and periodically exercise and sell them.
- Comparable companies like UPS or DHL would have similar filings when their directors trade company stock.
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 |
|---|---|
| September 2020 | Power of Attorney executed. |
| 03/27/2024 | Date of earliest transaction (stock acquisition and disposal). |
| 09/29/2024 | Expiration date of some stock options. |
| 09/28/2025 | Expiration date of some stock options. |
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