Brightman Tracy B 4/A
Research Summary
AI-generated summary
FedEx EVP Tracy Brightman Receives Stock Option Award
What Happened
- Tracy B. Brightman, EVP and Chief People Officer of FedEx Corp. (FDX), received an award of 3,478 stock options (derivative securities) on June 25, 2026. The options were reported as acquired at $0.00 (a grant), not a cash purchase or sale.
Key Details
- Transaction date: June 25, 2026; Form 4 originally filed June 26, 2026 and amended (Form 4/A) filed July 2, 2026 to correct the reported number of options.
- Grant amount: 3,478 stock options; reported acquisition price: $0.00 (grant).
- Vesting/exercise: Options vest ratably over three years and are first exercisable one year from the grant date (per footnote).
- Shares owned after transaction: Not disclosed in this filing.
- Amendment reason: The Form 4/A corrects the number of stock options originally reported due to a miscalculation in the Black‑Scholes valuation methodology.
Context
- This was an equity grant (award) — a common form of executive compensation — rather than a market purchase or sale. The grant itself is not an immediate cash event; value depends on future stock performance and vesting/exercise timing. The filing corrected the original report to reflect the accurate option count.
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