Form 4: FedEx Executive Chairman Frederick W. Smith Reports Changes in Beneficial Ownership

Frederick W. Smith, Executive Chairman of FedEx Corp, reports changes in beneficial ownership of company stock due to gift transactions.

Summary

• On January 2, 2025, Frederick W. Smith, the Executive Chairman of FedEx Corp, reported changes in his beneficial ownership of FedEx common stock.
• He gifted 225,000 shares of common stock directly.
• He also gifted 225,000 shares of common stock to GRATs (Grantor Retained Annuity Trusts).
• Additionally, he gifted 223,400 shares of common stock to GRATs.
• The report indicates his direct ownership following the transactions is 14,280,844 shares.
• His indirect ownership through GRATs is 1,127,018 shares and 903,618 shares.
• He also has indirect ownership through a Family Holding Company (4,141,280 shares), his wife (736 shares), and a Retirement Plan (2,705 shares).
• The report also mentions an adjustment to ownership to reflect 27 shares acquired via dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock ownership changes. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the gifts are unlikely to significantly affect the company's operations or financial performance.

Key Dates