Form 4: FedEx Executive Chairman Frederick W. Smith Executes Stock Option and Sells Shares

Frederick W. Smith, Executive Chairman of FedEx, exercised stock options and sold a portion of his shares on April 9, 2024.

Summary

• On April 9, 2024, Frederick W. Smith, the Executive Chairman of FedEx Corp, exercised non-qualified stock options to acquire 159,485 shares of common stock at a price of $143.545 per share.
• Following the exercise of options, Smith sold 109,800 shares at a weighted average price of $274.2833 and 3,600 shares at a weighted average price of $274.8317.
• The sales were executed in multiple transactions within price ranges of $273.71 to $274.67 and $274.72 to $274.90, respectively.
• After these transactions, Smith directly owns 14,505,844 shares of FedEx common stock.
• Smith also indirectly owns shares through GRATs (902,018), a Family Holding Company (4,141,280), his wife (736), and a Retirement Plan (2,678).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It is neutral in sentiment as it simply reports facts without expressing opinions or forecasts.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the actions of FedEx's Executive Chairman.

Comparison to Industry Standards

• Executive stock option exercises and sales are common practice among publicly traded companies.
• The disclosure aligns with SEC regulations requiring transparency in insider trading.
• Comparable companies such as UPS and DHL also have executives who periodically exercise stock options and sell shares, with similar disclosures.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The filing ensures transparency, which is beneficial for stakeholders.

Key Dates