Erwin Guy M II 4

What Happened

• Erwin Guy M II, CVP and Chief Accounting Officer of FedEx, exercised stock options on April 14, 2026. He exercised a total of 5,313 option shares across multiple tranches at varying strike prices for a reported aggregate cost of $1,264,680. As part of a net (share‑withholding) exercise, FedEx withheld 3,920 shares valued at $1,438,268 to cover the exercise price and tax withholdings, leaving 1,393 net shares issued to him.

Key Details

• Transaction date: 2026-04-14 (Form filed 2026-04-16; appears timely under the 2‑business‑day Form 4 rule).
• Option tranches exercised (examples): 350 @ $261.78 ($91,623), 177 @ $130.96 ($23,180), 350 @ $294.61 ($103,114), 1,013 @ $227.47 ($230,427), 1,548 @ $226.95 ($351,319), 1,323 @ $229.60 ($303,761), 552 @ $292.13 ($161,256). Total exercised shares = 5,313; total reported exercise cost = $1,264,680.
• Shares withheld to cover exercise price/taxes: 3,920 shares @ $366.90 = $1,438,268 (reported as "Payment of exercise price or tax liability" – code F).
• Net shares issued to insider after withholding: 1,393 shares (5,313 exercised − 3,920 withheld).
• Footnotes: F1 explains issuer withheld shares to pay exercise price and required tax withholdings (net exercise). F2 notes these options vest ratably over four years and are first exercisable one year from grant.
• Shares owned after the transaction: not specified in the supplied data.

Context

• This was an option exercise (SEC code M) with a net settlement via share withholding (code F). Net/share‑withholding exercises are routine and often used solely to cover taxes and costs; they do not necessarily indicate a buy/sell view on the stock.
• No 10%‑owner or gift/10b5‑1 plan disclosures were noted in the provided details.