FDX - Director At FedEx Exercises Options Worth $325K | Benzinga
A significant insider transaction involving the exercise of company stock options was reported on March 28, by R. Brad Martin, Director at FedEx (NYSE:FDX), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday revealed that Martin, Director at FedEx in the Industrials sector, exercised stock options for 2,535 shares of FDX stock. The exercise price of the options was $160.53 per share.
FedEx shares are currently trading up by 0.39%, with a current price of $289.0 as of Friday morning. This brings the total value of Martin's 2,535 shares to $325,684.
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FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.
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