FedEx (FDX) Director Joshua Cooper Exercises Options

What Happened

• Joshua Cooper, a director of FedEx Corp. (FDX), exercised stock options on September 24, 2026, to acquire 5,042 underlying shares at an exercise price of $137.85 per share (total exercise cost $695,040). To satisfy the exercise price/tax withholding, FedEx withheld 2,436 shares valued at $285.40 each (total value $695,247). Net of the withholding, Cooper received 2,606 shares. A related derivative position was cancelled/converted in the process.

Key Details

• Transaction date: 2026-09-24; Form 4 filed 2026-09-25 (timely filing).
• Option exercise: 5,042 shares @ $137.85 (total $695,040) — code M.
• Withholding/disposition: 2,436 shares @ $285.40 (total $695,247) used to pay exercise price/taxes — code F.
• Net shares received: 2,606 shares (5,042 exercised minus 2,436 withheld).
• Footnotes: F2 confirms shares were withheld under FedEx’s 2010 Omnibus Stock Incentive Plan; F3 notes the options were adjusted after FedEx Freight spin‑off (6/1/2026) to preserve intrinsic value; F1 notes an 11‑share adjustment from dividend reinvestment; F4 notes these options are first exercisable one year from grant.
• No indication of a late filing.

Context

• This was a cashless/net option exercise (shares withheld to cover exercise price and tax liability), not an open‑market sale or purchase. Such net exercises are common for insiders exercising vested options and do not necessarily signal a change in views on the stock.