FDXF EVP Michael B. Lyons Receives Equity Awards

What Happened Michael B. Lyons, EVP and Chief Commercial Officer of FedEx Freight Holding Company, Inc. (FDXF), was granted/received a total of 11,258 shares on 2026-06-01. The filing shows 580 shares of common stock acquired and five derivative awards totaling 10,678 shares (1,174; 2,008; 2,189; 424; 4,883). All items were recorded at $0.00 — these were converted awards/options tied to the FedEx spin-off rather than open-market purchases.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (appears timely — within standard 2 business days).
• Price: $0.00 for each grant/award (administrative conversion, not a cash purchase).
• Shares received: 11,258 total (580 common shares + 10,678 derivative awards).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Some awards represent FedEx common stock awards converted into FDXF equity awards in the spin-off.
  • F2: Some items are options converted from FedEx options into options for FDXF.
  • F3: Converted options vest ratably over four years from the original FedEx grant date and were first exercisable one year after that original grant.
• Transaction code on Form 4: A = Award/Grant. No sale or open-market purchase occurred.

Context These transactions reflect administrative conversion of previously granted FedEx equity and options into FedEx Freight (FDXF) awards as part of the company spin-off. Because no cash changed hands and many items are derivative/option grants with multi-year vesting, this is not the same signal as an open-market insider purchase or sale. The vesting note (F3) means some converted options will vest over time rather than being immediately exercisable.