Brightman Tracy B 4

What Happened
Tracy B. Brightman, EVP & Chief People Officer of FedEx (FDX), exercised stock options on April 15, 2026 to acquire 11,865 shares (three option blocks) by paying roughly $2.99 million in aggregate. On the same day she sold 16,959 shares in open-market transactions for aggregate gross proceeds of approximately $6.16 million. The filing shows both the option-exercise acquisitions (transaction code M) and the subsequent open-market sales (transaction code S).

Key Details

• Transaction date: 2026-04-15 (reported on Form 4 filed 2026-04-16; timely).
• Options exercised (acquired):
  • 1,365 shares @ $294.61 = $402,143
  • 7,719 shares @ $229.60 = $1,772,282
  • 2,781 shares @ $292.13 = $812,414
  • Total paid on exercise ≈ $2,986,839
• Open-market sales (disposed):
  • 9,084 shares @ weighted avg $363.61 = $3,303,024 (sales priced $363.60–$363.77) [F1]
  • 5,094 shares @ weighted avg $363.33 = $1,850,795 (sales priced $363.13–$363.59) [F2]
  • 2,781 shares @ $363.30 = $1,010,337
  • Total sales proceeds ≈ $6,164,156
• Filing notes: several derivative entries show $0.00 disposals — these reflect conversion/exercise reporting details. Footnote F3: the exercised options vest ratably over four years and are first exercisable one year after grant.
• Shares owned after the transactions are not shown in the provided excerpt of the Form 4.

Context

• This pattern — exercising options and then selling shares the same day — is commonly a cashless or partial cashless exercise and sell-to-cover transaction; the filing documents both the exercise (M) and open-market sales (S).
• The transactions were reported promptly (filed the next day), so there is no late-filing indication in this record.

Note: All amounts above are drawn from the Form 4 entries provided; the seller has offered to provide per-price breakdowns on request as noted in the footnotes.