FedEx Freight (FDXF) EVP Clement E. Klank III Receives Awards

What Happened

• Clement E. Klank III, Executive Vice President (CHRLO) of FedEx Freight Holding Company, Inc., received awards on 2026-06-01 totaling 42,938 shares/options. The filing shows: 5,029 shares of common stock granted at $0.00 and five derivative awards (options/converted awards) totaling 37,909 units, also recorded at $0.00. These were conversion grants tied to the spin-off from FedEx, not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filing).
• Price: $0.00 per share/unit on the Form 4; total recorded cash value $0 (conversion of prior FedEx awards).
• Breakdown: 5,029 common shares (converted FedEx equity) + 37,909 derivative awards/options (converted FedEx options).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Common-stock awards converted from FedEx into FedEx Freight stock due to the spin-off.
  • F2: Options to acquire FedEx stock that were converted into options to acquire FedEx Freight stock.
  • F3: Some converted options are fully vested and exercisable.
  • F4: Some converted awards/options vest ratably over four years from the original FedEx grant date (first exercisable one year from original grant).
• Filing status: No late filing indicated in the record provided.

Context

• These entries reflect award and option conversions tied to FedEx Freight’s spin-off from FedEx Corporation. The $0.00 acquisition price indicates conversion of pre-existing FedEx equity awards/options rather than a new cash purchase. For derivatives, conversion may result in immediately exercisable options for some grants (F3) or awards that continue to vest over time (F4). These types of awards are compensation/transition-related and do not by themselves indicate a buy or sell signal in the open market.