GORMAN STEPHEN E 4
Research Summary
AI-generated summary
FedEx Freight (FDXF) Director Stephen Gorman Receives 2,650 Shares
What Happened
Stephen E. Gorman, a director of FedEx Freight Holding Company, Inc. (FDXF), was awarded/acquired 2,650 shares on 2026-06-01. The shares were recorded at $0.00 each (total reported value $0), reflecting a conversion/award rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03). Filing appears timely.
- Transaction type/code: A — Grant, award or other acquisition.
- Shares involved: 2,650 shares; price per share $0.00; total reported value $0.
- Shares owned after transaction: Not specified in this filing.
- Footnote: These shares represent FedEx Corporation common stock that was converted into FedEx Freight common stock in connection with the spin-off. (See F1.)
- No 10b5-1 plan, sale, or option exercise was reported in this transaction.
Context
This was a conversion/award tied to the corporate spin-off of FedEx Freight from FedEx, not a market purchase or sale by the director. Such transfers typically reflect corporate restructuring and share conversion mechanics rather than a trading signal about insider sentiment.