FedEx Freight Separation and Stock Distribution

Summary

On May 11, 2026, the SEC declared effective the Registration Statement for FedEx Freight Holding Company, Inc.'s separation from FedEx Corporation. On May 13, 2026, the FedEx Board declared a pro rata dividend of 80.1% of FedEx Freight shares to FedEx stockholders, with each stockholder receiving one share of FedEx Freight for every two shares of FedEx held as of May 15, 2026. FedEx Freight will pay a cash dividend of approximately $4.1 billion to FedEx prior to the separation. FedEx Freight common stock will begin trading on the NYSE on June 1, 2026 under the symbol 'FDXF'. FedEx will retain 19.9% of FedEx Freight shares and plans to dispose of them within 24 months.