Tracy B. Brightman, Executive Vice President and Chief People Officer of FedEx Corp, filed a Form 4 on October 30, 2026, disclosing the exercise of six tranches of non-qualified stock options and the subsequent sale of FedEx common stock on that same date.

Key Highlights

  • Six option tranches exercised: Brightman exercised a total of 23,070 options (4,332 + 3,534 + 1,691 + 4,889 + 3,524 + 5,100 shares) on October 30, 2026, at exercise prices ranging from $103.38 to $230.59.
  • Shares sold - first tranche: 23,070 shares of common stock were disposed of at a weighted average price of $316.7274, with individual transaction prices ranging from $316.47 to $317.13.
  • Shares sold - second tranche: 3,541 shares were disposed of at a weighted average price of $316.4003, with prices ranging from $316.40 to $316.4550.
  • Remaining direct ownership: Following all reported transactions, Brightman beneficially owned 12,245 shares of FedEx common stock directly, according to the filing.
  • Options adjusted post-spinoff: The filing notes that outstanding stock options were adjusted following the issuer's spin-off of FedEx Freight Holding Company, Inc. on June 1, 2026, "to preserve the intrinsic value of the awards."
  • Remaining derivative holdings: After the exercises, Brightman retained derivative positions totaling 27,241 shares underlying non-qualified stock options across three tranches expiring in 2033, 2034, and 2035.

Brightman's Option Exercises and Share Sales at FedEx Corp on October 30, 2026

According to the Form 4 filed with the SEC, Tracy B. Brightman, EVP and Chief People Officer of FedEx Corp (NYSE:FDX), executed a series of transactions on October 30, 2026. Brightman exercised six separate tranches of non-qualified stock options using transaction code "M," acquiring a combined 23,070 shares of common stock at exercise prices of $127.76, $103.38, $179.14, $181.23, $230.59, and $176.07 per share, respectively. The filing indicates the price of each derivative security upon exercise was $0.

Following the option exercises, the filing reports two separate open-market share disposals, both coded "S." The first disposal involved 23,070 shares at a weighted average price of $316.7274, with the filing noting transactions occurred at prices ranging from $316.47 to $317.13. The second disposal covered 3,541 shares at a weighted average price of $316.4003, with prices ranging from $316.40 to $316.4550. Both footnotes state that Brightman will provide full pricing detail per share upon request by FedEx Corporation, any security holder, or SEC staff.

The filing also discloses that the reported stock options were adjusted in connection with FedEx's spin-off of FedEx Freight Holding Company, Inc. on June 1, 2026, with the adjustment made "pursuant to the Plan to preserve the intrinsic value of the awards." The filing further notes that the remaining unexercised options vest ratably over four years from the date of grant and are first exercisable one year from the date of grant. Three option tranches with expiration dates in 2033, 2034, and 2035 remain outstanding, covering 4,890, 7,048, and 15,303 shares, respectively.

What Was Disclosed

The filing discloses that FedEx EVP Tracy B. Brightman exercised six non-qualified stock option tranches and sold a total of 26,611 shares of common stock on October 30, 2026, leaving a direct beneficial ownership of 12,245 shares following all reported transactions.