FDX - Susan C Schwab At FedEx Decides to Exercises Options Worth $843K | Benzinga
Highlighted on March 27, it was unveiled in an SEC filing that Schwab, Director at FedEx (NYSE:FDX), executed a significant transaction involving the exercise of company stock options.
What Happened: A notable Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission revealed that Schwab, Director at FedEx, exercised stock options for 6,145 shares of FDX, resulting in a transaction value of $843,667.
FedEx shares are currently trading down by 0.31%, with a current price of $287.0 as of Thursday morning. This brings the total value of Schwab's 6,145 shares to $843,667.
About FedEx
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.
A Deep Dive into FedEx's Financials
Decline in Revenue: Over the 3 months period, FedEx faced challenges, resulting in a decline of ...