MARTIN R BRAD 4

What Happened
Martin R. Brad, Executive Chairman and director of FedEx Corp (FDX), exercised stock options on April 14, 2026. He exercised four option tranches totaling 15,100 shares:

• 3,980 shares @ $174.64 = $695,067
• 3,015 shares @ $219.26 = $661,069
• 2,780 shares @ $244.88 = $680,766
• 5,325 shares @ $147.28 = $784,266
  Total value of exercised options (based on exercise prices) = $2,821,168. To cover exercise price and required tax withholdings, 10,326 shares were withheld/disposed at $366.90 per share (value reported $3,788,661), resulting in a net increase of 4,774 shares to Mr. Brad’s holdings. The filing shows the derivative-to-stock conversions (reported as $0 dispositions) reflecting the option-to-share conversion.

Key Details

• Transaction date: 2026-04-14; Form 4 filed 2026-04-16 (timely within reporting window).
• Options exercised (code M); shares withheld for taxes/exercise (code F).
• Gross shares exercised: 15,100; shares withheld: 10,326; net shares received: 4,774.
• Reported exercise amounts (by tranche) and total exercise value ≈ $2.82M; withheld-share value reported ≈ $3.79M.
• Footnotes: F1 — ownership adjusted by 4 shares via dividend reinvestment. F2 — shares withheld to pay exercise price and required tax withholdings under FedEx’s 2010 Omnibus Stock Incentive Plan. F3 — these options were first exercisable one year from grant.
• Shares owned after the transaction are not specified in the provided excerpt.

Context
This was an option exercise with shares withheld to cover taxes and exercise costs (a common cashless/net exercise method). Such withholding is routine and does not necessarily indicate a change in insider sentiment. The filing does not indicate a sale of additional shares on the open market — only the net retention of 4,774 shares after withholding.