Fedex raised outside director equity award to $215,000
Fedex filed a report on 2026-09-29 covering shareholder votes and board pay. It left cash fees unchanged and set the annual equity award at $215,000 after a $20,000 increase.
What happened
Fedex filed a Form 8-K with the SEC on 2026-09-29, according to the company. The filing listed Item 5.07 on matters submitted to a vote of security holders and Item 8.01 on other events. A Form 8-K is a filing companies use to report important events.
The Board approved a $20,000 increase to the annual equity grant. The annual equity award, paid in RSUs, was set at $215,000. RSUs are share units that are granted now and convert into shares later under set conditions.
Cash fees stayed flat while equity pay carried the increase
The Board approved no change to the annual retainer, the committee chair fees, or Lead Independent Director fees. The annual retainer was $140,000 and the Lead Independent Director fee was $50,000. The chair fee was $30,000 for the Audit and Finance Committee and $25,000 for the Compensation and Human Resources Committee.
That structure leaves cash pay for meeting and oversight work steady while a larger share of outside director pay is tied to equity. For private investors, that link means director pay moves with the value of the shares they oversee. According to the company, the decisions followed the annual review.
Annual review set pay under disclosed outside director terms
In September 2026, the Board of Directors and its Compensation and Human Resources Committee conducted their annual review. Exhibit 99.1 covers compensation arrangements with outside directors, meaning pay terms for board members who are not executives. According to the company, the review produced the updated pay levels.
The disclosure places the pay decision inside a regular governance process rather than a separate change. That helps investors see which body approved the terms and where the details are recorded.
