Ray Scott L 4

What Happened

• Ray Scott, COO, U.S. & Canada for FedEx (FDX), received two awards on 2026-06-25: 4,734 shares (award) and 3,567 derivative awards, for a total of 8,301 RSU-equivalent units. Each line was reported as acquired at $0.00 (typical for restricted stock unit grants—no cash paid at grant).

Key Details

• Transaction date: 2026-06-25; Form 4 filed: 2026-06-26 (timely).
• Reported amounts: 4,734 shares (award) + 3,567 derivative awards = 8,301 RSU-equivalents; price listed $0.00; total cash value at grant not stated on the form.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes in the filing:
  • F1: These are Restricted Stock Units (RSUs). Each RSU is a right to receive one share upon vesting; RSUs vest ratably on the first through third anniversaries and accrue dividend equivalents.
  • F2: Describes options vesting (vest ratably over three years and first exercisable one year from grant); no option exercises are reported in this transaction.
• Filing timeliness: filed next day (appears timely); no late filing flag noted.

Context

• These are awards (not purchases or sales). RSUs are equity compensation that convert to shares as they vest — they do not represent immediate stock purchases or sales and typically reflect compensation rather than a direct bullish or bearish personal trade.
• Derivative designation on the second line likely reflects the RSU nature (a right to receive shares in the future). No exercised options or immediate cashless sales were reported in this filing.