FedEx amends long-term incentive plans ahead of Freight spin-off and fiscal year change
On March 9, 2026, FedEx's board approved amendments to its FY25–FY27 and FY26–FY28 long-term incentive plans, measuring performance through FY26 and assuming target performance for the remaining periods. The changes were made in light of the planned June 1, 2026 spin-off of FedEx Freight and the move of the fiscal year end from May 31 to December 31, effective June 1, 2026.
Key points
- Board approved the LTI Plan amendments on March 9, 2026, on the recommendation of the Compensation and Human Resources Committee.
- FY25–FY27 plan: 67% actual performance and 33% target; FY26–FY28 plan: 33% actual performance and 67% target.
- Payouts follow May 31, 2027 or May 31, 2028, as applicable.
- Amendments apply to participants who remain employees after the Spin-off, including named executive officers; the filing says no other changes to metrics or payout opportunities were made.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 12, 2026.
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