4/A: FedEx Executive Corrects Stock Option Filing

Richard W. Smith, COO Intl - CEO Airline FEC and Director at FedEx Corp, filed an amendment to a prior Form 4 to correct the number of stock options reported.

Summary

• Richard W. Smith, a Director and Officer (COO Intl - CEO Airline FEC) of FedEx Corp, has filed a Form 4/A to amend a previous Form 4 filing.
• The amendment corrects the number of stock options previously reported due to a miscalculation in the Black-Scholes valuation methodology.
• The original filing on June 26, 2026, incorrectly stated the number of stock options.
• The corrected filing indicates 3,478 non-qualified stock options with an exercise price of $323.62, acquired on June 25, 2026.
• These options vest ratably over three years from the grant date and are exercisable one year from the grant date, with an expiration date of June 25, 2036.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. While a reporting error occurred, it was promptly corrected, demonstrating diligence and adherence to SEC regulations. The core information about stock options remains valid.

Positives

• Correction of a filing error demonstrates diligence and adherence to regulatory requirements.
• The underlying stock options are still held, indicating continued incentive alignment for management.

Negatives

• An initial miscalculation in reporting stock options suggests a potential oversight in the valuation or reporting process.

Risks

• Potential for increased scrutiny on reporting accuracy by regulatory bodies.
• Minor reputational risk associated with a filing error, though mitigated by prompt correction.

Future Outlook

The filing itself is an amendment to correct past reporting and does not contain forward-looking statements or guidance regarding future company performance. The options are exercisable starting one year from the grant date and vest over three years.

Management Comments

• "This Form 4/A is being filed solely to correct the number of stock options reported on the Form 4 originally filed on June 26, 2026 ('Original Form 4')."
• "The number of stock options reported in the Original Form 4 was incorrect due to a miscalculation in the Black-Scholes valuation methodology used to determine the reportable amount of stock options."
• "These options vest ratably over three years from the date of grant and are first exercisable one year from date of grant."

Industry Context

StockSavvy.ai notes that corrections to SEC filings, particularly Form 4s related to insider transactions, are not uncommon. Companies and their executives are expected to maintain high standards of accuracy in reporting beneficial ownership and transactions. The prompt correction by FedEx demonstrates a commitment to regulatory compliance.

Corporate Governance

Stakeholder Impact

• Shareholders: The correction of the filing ensures transparency and accuracy in reporting insider holdings, which is crucial for investor confidence.
• Management: Reinforces the importance of accurate reporting and adherence to regulatory procedures for all executives.

Next Steps

• The stock options will become exercisable starting one year from the grant date (June 25, 2026).
• The options will vest ratably over three years from the grant date.
• The options will expire on June 25, 2036.

Key Dates

Keywords

Form 4/A, Stock Options, FedEx Corp, FDX, Richard W. Smith, SEC Filing, Insider Trading, Beneficial Ownership, Black-Scholes Valuation