FDX - Insider Move: Marvin R Ellison Exercises Options Realizing $352K At FedEx | Benzinga
Marvin R Ellison, Board Member at FedEx (NYSE:FDX), reported a large exercise of company stock options on July 11, according to a new SEC filing.
What Happened: Disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Ellison, Board Member at FedEx, executed a strategic derivative sale. This involved exercising stock options for 2,535 shares of FDX, resulting in a transaction value of $352,808.
The Friday morning market activity shows FedEx shares up by 0.05%, trading at $299.7. This implies a total value of $352,808 for Ellison's 2,535 shares.
About FedEx
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended May 2024, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% 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, boosting the firm's presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
A Deep Dive into FedEx's Financials
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