FedEx Director Marvin Ellison Exercises Expiring Options with Net Share Retention

Executive Summary

On August 28, 2026, FedEx Corp ($FDX) Director Marvin R. Ellison executed a routine option exercise ahead of the award's September 26, 2026 expiration date. The transaction involved exercising 5,042 options at an adjusted exercise price of $137.85 per share, followed by the withholding of 2,097 shares at $331.445 per share to satisfy the exercise cost. This resulted in a net addition of 2,945 shares to Mr. Ellison's direct holdings, increasing his total direct ownership to 11,806 shares.

Transaction Details

• Option Exercise (Code M): 5,042 stock options exercised at $137.85 per share.
• Share Withholding (Code F): 2,097 shares withheld by the issuer at $331.445 per share (total value: $695,040.17) to cover the exercise price under a net-exercise mechanism.
• Net Shares Retained: 2,945 shares.
• Total Ending Holdings: 11,806 shares directly held.

Significance & Market Context

This filing carries Low trading significance as it represents a standard option exercise near expiration rather than an open-market discretionary sale. The reporting person retained all residual shares from the net exercise, reflecting continued equity alignment with the company.