FedEx Freight approved executive compensation programs and awarded long-term and one-time incentives to CEO John A. Smith and five senior executives, effective June 24, 2026.
| IndividualJohn A. SmithClement Edward Klank IIIMichael B. LyonsClinton D. McCoyMichael RodgersMarshall W. Witt | RolePresident and Chief Executive OfficerExecutive Vice President – Chief Human Resources and Legal OfficerExecutive Vice President – Chief Specialized Services and Commercial OfficerExecutive Vice President – Chief Operating OfficerExecutive Vice President – Chief Technology OfficerExecutive Vice President – Chief Financial Officer | Type of ChangeCompensation awards approvedCompensation awards approvedCompensation awards approvedCompensation awards approvedCompensation awards approvedCompensation awards approved | Effective DateJune 24, 2026June 24, 2026June 24, 2026June 24, 2026June 24, 2026June 24, 2026 | ReasonHRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off RSUs in connection with Spin-OffHRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUsHRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUsHRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUsHRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs; specific retirement vesting exceptionHRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs; additional offer-letter bonus | Replacement InfoNot disclosedNot disclosedNot disclosedNot disclosedNot disclosedNot disclosed | Background DetailsHolds Converted PSUs with original target value $825,000; TY26 AIC target 175% salary; TY26–CY28 LTIP target 450% salaryHolds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salaryHolds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salaryHolds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salaryHolds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary; LTIP RSU/Spin-Off RSU retirement vesting exceptionTY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary; $585,000 cash bonus per offer letter | Board/Committee Role ChangesNot disclosedNot disclosedNot disclosedNot disclosedNot disclosedNot disclosed |
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.